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Triple Point Social Housing REIT posted a slight rise in its first-half valuation performance after it grew its rental income.
The company's IFRS net asset value per share -- a measure of underlying performance -- rose to 103.96p at the end of June, up from 103.65p at the end of December.
Annualised rental income rose to £21.1m, up from £17.4m.
The company declared an interim dividend of 2.54p per share, up from 2.50p on-year.
'Looking back over the past six months, and forward over the next six months, there is much to be pleased about,' chairman Chris Phillips said.
'As expected, our existing portfolio has performed well and we have continued to deploy funds into high-quality assets leased to approved providers which continue to strengthen as a result of ongoing regulatory engagement.'
'Commissioners continue to call for new housing, as reflected in our pipeline of close to £400m.'
'We continue to refine and evolve our due diligence processes and we have never failed to receive rental payments in full under our leases.'
'For all these reasons, and despite movements in the company's share price, our continued operational performance makes us look to the future with optimism.'