Social Housing REIT (SOHO) delivered a strong financial and operational performance in 2025. As its legacy tenancy issues reach a resolution, inflation-indexed rent reviews, low-cost, long-term fixed rate borrowing and well controlled costs should continue to drive progress in earnings and dividends. SOHO provides critical care infrastructure, in a structurally supported, well-regulated segment of the social housing market. When working well, specialised supported housing generates long-term, sustainably growing, inflation-linked income for shareholders, uncorrelated to wider economic conditions, improved outcomes for residents and savings to the taxpayer.
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