Social Housing REIT plc (SOHO) has released its interim results for the six months ended 30 June 2025, highlighting continued progress in repositioning the company under new management. Key points from the report include
**Financial Performance**Adjusted earnings per share rose 21.9% to 3.34p, and net rental income increased by 18.9% to £19.79 million. The dividend target was raised by 3% to 5.622 pence per share, fully covered by earnings.
**Operational Improvements**Rent collection improved to 91.4%, and the EPRA cost ratio reduced to 16.5%. The company has a highly attractive debt profile with an average cost of 2.74% and no near-term refinancing requirements.
**Portfolio Management**Atrato Partners, the new Investment Manager, has focused on portfolio optimization, resolving tenant challenges, and enhancing operational performance. The portfolio valuation increased to £611.8 million, reflecting a Net Initial Yield of 6.42%.
**Sustainability Initiatives**The company has expanded its EPC Upgrade Programme to improve energy efficiency and reduce emissions, aligning with regulatory standards and sustainability goals.
**Outlook**SOHO is well-positioned to address the acute demand for specialized supported housing (SSH) in the UK, with a focus on delivering socially impactful housing while providing attractive, sustainable returns to shareholders.
Overall, the report underscores SOHOs strategic progress, financial resilience, and commitment to both social impact and shareholder value.