IHR Impact Healthcare REIT PLC

Edison issues update on Impact Healthcare REIT (IHR): On track to meet dividend target

Edison Investment Research Limited
Edison issues update on Impact Healthcare REIT (IHR): On track to meet dividend target

26-Oct-2023 / 13:20 GMT/BST
The issuer is solely responsible for the content of this announcement.


 

London, UK, 26 October 2023

 

Edison issues update on Impact Healthcare REIT (IHR): On track to meet dividend target

Impact Healthcare REIT’s Q323 total return was 2.6%, or 8.5% over the first nine months of the year (9M23). With rent cover continuing to strengthen, rent collection back to 100% and 98% of drawn debt fixed or hedged, the company is well on track to meet its FY23 DPS target of 6.77p (+3.5%), fully covered by adjusted ‘cash’ earnings, with a yield of 8.6%.

The FY23 DPS target represents an attractive yield of 8.6% and we forecast continued growth in adjusted ‘cash’ earnings. Meanwhile, the shares trade at a c 30% discount to EPRA NTA per share. 


to view the full report.

 

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

About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached – across institutions, family offices, wealth managers and retail investors – Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings.

Having been the first company in-market 17 years ago, Edison has more than 100 employees and covers every economic sector. Headquartered in London, Edison also has offices in New York, Sydney and Wellington.

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 securities.

For more information, please contact Edison:

Martyn King +44 (0)20 3077 5700

Learn more at and connect with Edison on: 

LinkedIn 

Twitter  

YouTube 



Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

1758455  26-Oct-2023 

fncls.ssp?fn=show_t_gif&application_id=1758455&application_name=news&site_id=research_pool
EN
26/10/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Impact Healthcare REIT PLC

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.

 PRESS RELEASE

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 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 securiti...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch