The company said that its net value per share also rose, increasing by 1.66%, equating to a property valuation of £503.8m.
Triple Point Social Housing REIT plc reported an increase in operating profit from £21.5m in 2017, to £26.9m 2019.
The company said that its net value per share also rose, increasing by 1.66%, equating to a property valuation of £503.8m.
Furthermore, it reported the acquisition of 116 properties for total of £130.5m, increasing the total investment portfolio to 388 properties.
It added that the firm’s portfolio now covers 11 regions and 149 local authorities.
Christopher Phillips, chairman of Triple Point Social Housing REIT plc, said: "We look forward to 2020 with optimism.
“This follows another successful year in 2019, which has set us up well for the next 12 months. During 2019, we deployed the proceeds of two fund-raises into more high-quality properties.
“We extended our debt facility based on continuing demand from local commissioners and are approaching the optimal target level of gearing. We met our dividend target and are making progress towards fully covering the dividend. Rent continues to be paid and on time.
“In 2020 we will continue to focus on property quality and due diligence, and our principal challenge will be to help the sector meet growing regulatory requests and increase the Company's share price to reflect our continuing operational success.
“However, building on our success this year and in previous years, we believe we are well equipped to meet these challenges and more as we move forward into 2020."
