PHP Primary Health Properties PLC

Edison Investment Research Limited: Edison issues outlook on Primary Health Properties (PHP)

Edison Investment Research Limited
Edison Investment Research Limited: Edison issues outlook on Primary Health Properties (PHP)

06-March-2020 / 16:23 GMT/BST


 

London, UK, 6 March 2020

Edison issues outlook on Primary Health Properties (PHP)

The merger with MedicX has been transformational for Primary Health Properties (PHP). It brought together two high-quality, complementary portfolios, delivered immediate operational and financial synergies with the potential for more, and provided investors with an increased market capitalisation and enhanced share liquidity. PHP is well placed to profitably address the substantial investment needs of the primary healthcare sectors in the UK and Ireland and benefit from increasing evidence of accelerating rental growth.

 

Income visibility is strong, with long leases and substantially upwards-only rents, 90% backed directly or indirectly by government bodies, with little exposure to the economic cycle, or fluctuations in occupancy. With dividends growing and fully covered by earnings, the FY20e yield is 3.8%, supporting a premium to NAV.
 

to view the full report.

 

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

About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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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 5745

 

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Reports on Primary Health Properties PLC

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The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: Primary Health Properties plc 23-Apr-2025 / 14:36 GMT/BST FORM 8.3   PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”)   1. KEY INFORMATION   (a) Full name of discloser: The Vanguard Group, Inc. (b) Owner or controller of interests and short positions disclosed, if different from 1(a):  The naming of nominee or vehicle companies is insufficient.  For a trust, th...

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Form 8.3 - The Vanguard Group, Inc.: Primary Health Properties plc

The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: Primary Health Properties plc 21-Apr-2025 / 16:45 GMT/BST FORM 8.3   PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”)   1. KEY INFORMATION   (a) Full name of discloser: The Vanguard Group, Inc. (b) Owner or controller of interests and short positions disclosed, if different from 1(a):  The naming of nominee or vehicle companies is insufficient.  For a trust, th...

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Form 8.3 - The Vanguard Group, Inc.: Primary Health Properties plc

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