IHR Impact Healthcare REIT PLC

Edison issues report on Impact Healthcare REIT (IHR)

Edison Investment Research Limited
Edison issues report on Impact Healthcare REIT (IHR)

18-Jun-2024 / 09:39 GMT/BST
The issuer is solely responsible for the content of this announcement.


 

London, UK, 18 Juni 2024

 

Edison issues report on Impact Healthcare REIT (IHR)

to view the full report.

All reports published by Edison are available to download free of charge from its website

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Reports on Impact Healthcare REIT PLC

Martyn King
  • Martyn King

Care REIT - Strong Q324 and accretive growth

Care REIT (Care), formerly Impact Healthcare REIT, and its tenants continued to perform strongly in Q324. The quarterly EPRA net tangible assets (NTA) return of 2.1% took the year-to-date total to 7.8%, while rent cover increased to 2.3x. Care is well on track to meet its FY24 DPS target of 6.95p (+2.7%), fully covered by adjusted ‘cash’ earnings, with a yield of 8.3%. The company has also announced two new investments, including forward funding the development of a new, high-quality home, at an...

Martyn King
  • Martyn King

Impact Healthcare REIT - Successful turnaround

Impact Healthcare REIT has completed the transfer of four homes located in Scotland to a new tenant. As a result, all of the seven homes that have been operating on an intermediate basis (as part of a turnaround plan) have now been transferred to experienced, long-term operators. The resumption of rental payments from all seven assets will provide a significant uplift to cash rental income, the basis for dividend decisions. Under the new operators, the assets also provide additional and accretiv...

Martyn King
  • Martyn King

Impact Healthcare REIT - Visible growth

Impact Healthcare REIT continued to generate consistently positive accounting returns in the six months to June 2024 (5.5%), comprising fully covered DPS growth and increased NAV per share. With a clear path to income growth, including a growing contribution from asset management, interest rate protection and a low cost ratio, we expect this to continue.

 PRESS RELEASE

Edison issues report on Impact Healthcare REIT (IHR)

Edison Investment Research Limited Edison issues report on Impact Healthcare REIT (IHR) 03-Jul-2024 / 14:55 GMT/BST The issuer is solely responsible for the content of this announcement.   London, UK, 3 July 2024   Edison issues report on Impact Healthcare REIT (IHR) to view the full report. All reports published by Edison are available to download free of charge from its website Edison is authorised and regulated by the . Edison is not an adviser or broker-dealer and does not provide investment advice. Edison’s reports are not solicitations to buy or sell any securitie...

Martyn King
  • Martyn King

Impact Healthcare REIT - Non-core sales enhance the portfolio

Impact Healthcare REIT has exchanged contracts for the sale of five non-core homes for a combined £8.8m, in line with the most recent valuation. The sale is consistent with Impact’s active asset management approach, enhances the quality and long-term sustainability of its overall portfolio, reduces tenant concentration and provides the opportunity to recycle capital. There is no change to our forecasts.

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