Triple Point reports pre-tax profit rise of 19%

Chris Phillips, Triple Point, chairman

Investor Triple Point bought 116 properties (843 units) during 2019 for £130.5m bringing its total investment portfolio to 388 homes. Its results for the year end 31 December 2019, showed its portfolio was valued at £471.6m on International Financial Reporting Standards (IFRS) (2018: £323.5m). This reflects a valuation uplift of £32.7m, or 7.5%. IFRS net…

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