Cavendish Director of Research Ed Stacey, CFA released his note on the Company’s proposed acquisition. The note focuses on the proposed transaction and its financial impact on the Company’s prospects.
Ed Stacey, CFA said: “The acquisition provides Social Housing REIT with portfolio diversification, reduced counterparty concentration and exposure to a growing demographic of retirees seeking rental accommodation
“We believe this is naturally adjacent to SOHO’s existing Specialised Supported Housing portfolio, having long-duration occupancy dynamics and structural needs-driven demand drivers, as well as rental income that is inflation-aligned, contributing to an attractive low-risk profile for the combined company”