Edison Investment Research - Impact Healthcare REIT PLC (IHR) Impact Healthcare REIT - Attractive financial and social returns

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Edison Investment Research

Martyn King

Impact Healthcare REIT - Attractive financial and social returns

Impact Healthcare REIT continues to deliver consistently positive returns, demonstrating the resilience of its tenant operators and the group’s strategy during the pandemic. Accretive portfolio growth combined with long-term inflation-linked rents are driving income and capital growth, while continuing full rent collection underpins increasing dividends.

13/07/2021 1 EN

Underlying

Impact Healthcare REIT PLC

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GB00BYXVMJ03 London Stock Exchange United Kingdom

Provider

Edison Investment Research

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, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Martyn King

Other Reports on these Companies

Edison Investment Research

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 accretive blended yield in excess of 8% with strong valuation potential.

November 25, 2024 November 25, 2024 1 EN

Edison Investment Research

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 accretive asset management opportunities.

September 25, 2024 September 25, 2024 1 EN

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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.

September 3, 2024 September 3, 2024 1 EN

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Topps Tiles (TPT) is enjoying a return to revenue growth following a very challenging FY24 due to wider macroeconomic weakness. The company’s recovery is clearly being boosted by new revenue streams from its self-help initiatives, notably from trade and online customers across all of its brands. While the macroeconomic environment remains uncertain, it is pleasing that the strategy is supporting growth. The valuation continues to look compelling, even with limited macroeconomic recovery included in management’s long-term financial goals. With the Q125 trading update, the CEO has announced his ...

January 10, 2025 January 10, 2025 1 EN

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Impact Healthcare REIT - Attractive financial and social returns

Care REIT - Strong Q324 and accretive growth

Impact Healthcare REIT - Successful turnaround

Impact Healthcare REIT - Visible growth

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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