Triple Point reviewing investment management arrangements

9th May 2024 12:56

(Sharecast News) - Triple Point Social Housing announced an independent review of its investment management arrangements on Thursday, in a bid to enhance shareholder value.

The London-listed real estate investment trust said its board, in collaboration with Triple Point Investment Management, was actively assessing the terms of the investment management agreements to better align them with shareholder interests.

It said the review would include benchmarking against market precedents and engagement with industry peers to ensure any adjustments to the current terms reflected best practices and deliver increased value for shareholders.

Starting immediately, the independent review was expected to be completed within three months, with outcomes to be communicated to the market in due course.

At 1239 BST, shares in Triple Point Social Housing REIT were down 0.17% at 60.7p.

Reporting by Josh White for Sharecast.com.