LONDON (ShareCast) - (Sharecast News) - Triple Point Social Housing REIT noted a report into lease-based providers of specialist supported housing from the Regulator of Social Housing on Friday, describing it as "helpful".
The London-listed firm said the report was an addendum to the Sector Risk Profile 2018, which the regulator published annually for the last six years in a bid to draw attention to the strategic and financial risks facing the social housing sector.

It said the main report was published in October, but because of the recent growth of the specialist supported housing sector, the regulator published an addendum to the main report focusing on specialist supported housing.

"Whilst the Report does not highlight material new information, it does provide a helpful commentary on the risks of which both registered providers, who lease specialist supported housing assets, and investors, who invest into the sector, should be aware," Triple Point said in its statement.

"It also notes that private investment plays an important role in supporting the much needed growth and sustainable development of the supported living sector and the positive impact this has on some of the most vulnerable people in society."

The company's board and its investment manager were reportedly "pleased" that the regulator intended to work with registered providers to help them develop an appropriate long-term business model, and welcomed "any initiatives" which improved levels of governance and helped to ensure counterparties were financially robust.

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