PHP Primary Health Properties PLC

Edison Investment Research Limited: Primary Health Properties (PHP): Resilient growth set to continue

Edison Investment Research Limited
Edison Investment Research Limited: Primary Health Properties (PHP): Resilient growth set to continue

08-March-2021 / 07:00 GMT/BST

 

London, UK, 8 March 2021

 

Primary Health Properties (PHP): Resilient growth set to continue

With its properties performing an essential role in the fight against the pandemic, and with 90% of rents paid directly or indirectly by governments, Primary Health Properties' (PHP's) portfolio was extremely resilient in FY20. DPS growth was uninterrupted due to consistently strong operational cash flows, and after a Q1 DPS increase of 5.1% in the current year, PHP is in its 25th year of unbroken dividend growth. With capital values also benefiting from a flight to quality, the FY20 total accounting return was 10.1%.

 

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. We expect an FY21e DPS of 6.2p, fully covered by earnings, representing a yield of 4.1.

 

to view the full report or to sign up to receive research as it is published.

 

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 in-market 17 years ago, Edison now has more than 100 analysts covering every economic sector. Headquartered in London, Edison also has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in Athens, Johannesburg and Sydney.

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 5745

 

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

1173619  08-March-2021 

fncls.ssp?fn=show_t_gif&application_id=1173619&application_name=news&site_id=research_pool
EN
08/03/2021

Underlying

PHPPrimary Health Properties PLC

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

Reports on Primary Health Properties PLC

Free Trial
PHP Primary Health ...

Primary Health Properties: 1 director

A director at Primary Health Properties bought 162,800 shares at 92p and the significance rating of the trade was 78/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years ...

PHP PRIMARY HEALTH PROPERTIES PLC
08/19/25 August 19, 2025 1 EN
 PRESS RELEASE
Free
PHP Primary Health ...

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 25-Apr-2025 / 14:57 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...

April 25, 2025 1 EN
 PRESS RELEASE
Free
PHP Primary Health ...

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 24-Apr-2025 / 15:02 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, the trustee(s), settlor and beneficia...

April 24, 2025 1 EN
 PRESS RELEASE
Free
PHP Primary Health ...

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 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...

April 23, 2025 1 EN
 PRESS RELEASE
Free
PHP Primary Health ...

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...

April 21, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch