We’re pleased to see positive independent analysis following our proposed acquisition of Residential Secure Income REIT.
As noted by QuotedData‘s Senior Analyst Matthew Read, CFA, “For SOHO, the deal is more transformative. It adds a scaled senior living rental portfolio, brings long-dated debt fixed at an attractive 3.46%, and is expected to be earnings accretive. It also marks a clear evolution in strategy, with the proposed shift towards a broader “Living” REIT focused on specialised supported housing, senior living and care homes. That should improve diversification and scale, although it also introduces different operational and regulatory risks.”