THRL Target Healthcare REIT PLC

Edison issues report on Target Healthcare REIT (THRL)

Edison Investment Research Limited
Edison issues report on Target Healthcare REIT (THRL)

01-Jul-2024 / 12:15 GMT/BST
The issuer is solely responsible for the content of this announcement.


 

London, UK, 1 July 2024

 

Edison issues report on Target Healthcare REIT (THRL)

to view the full report.

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The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

1937001  01-Jul-2024 

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01/07/2024

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Reports on Target Healthcare REIT PLC

Martyn King
  • Martyn King

Target Healthcare REIT - Rental income continuing to drive returns

Target Healthcare REIT’s Q125 update shows indexed rent reviews driving increased earnings and property values. Tenant profitability remains strong, reflected in high levels of rent cover and rent collection. The rate of quarterly dividends has increased 3% from the start of FY25 and is well covered by adjusted earnings.

Martyn King
  • Martyn King

Target Healthcare REIT - Q4 rounds off a strong year of performance

Target Healthcare REIT has released its Q424 trading update. We expect the full year results to be published in late September. Income and capital values are benefiting from inflation-linked rental growth, reflected in fully covered dividends and a sixth consecutive quarter of NAV growth and positive total returns. Q424 NAV total return was 2.8%, taking the FY24 total to more than 11%.

 PRESS RELEASE

Edison issues report on Target Healthcare REIT (THRL)

Edison Investment Research Limited Edison issues report on Target Healthcare REIT (THRL) 01-Jul-2024 / 12:15 GMT/BST The issuer is solely responsible for the content of this announcement.   London, UK, 1 July 2024   Edison issues report on Target Healthcare REIT (THRL) 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 securit...

Martyn King
  • Martyn King

Target Healthcare REIT - Enhanced portfolio metrics and interest savin...

Target Healthcare REIT has sold four of its care homes for £44.5m to the incumbent tenant, modestly ahead of the carried value. The homes have performed well since being acquired as part of the significant portfolio transaction in late 2021, but their sale enhances key portfolio average metrics such as age, floor space and unexpired lease term, has been completed at a lower yield than the portfolio average and enables the company to reduce exposure to more expensive debt.

 PRESS RELEASE

Edison issues update on Target Healthcare REIT (THRL): Positive moment...

Edison Investment Research Limited Edison issues update on Target Healthcare REIT (THRL): Positive momentum continued in Q3 20-May-2024 / 12:09 GMT/BST The issuer is solely responsible for the content of this announcement.   London, UK, 20 Mai 2024   Edison issues update on Target Healthcare REIT (THRL): Positive momentum continued in Q3 Target Healthcare REIT’s Q324 update shows a fifth successive quarter of positive NAV total return, with indexed rent reviews driving increased earnings and property values. Tenant profitability continues to strengthen, reflected in a high le...

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