Edison Investment Research - Impact Healthcare REIT PLC (IHR) Impact Healthcare REIT - Attractive growing income, innovatively funded

Report

Edison Investment Research

Martyn King

Impact Healthcare REIT - Attractive growing income, innovatively funded

Impact Healthcare REIT (IHR) has invested £56m, on an accretive basis, in a portfolio of six quality care homes, to be operated by existing tenant Welford Healthcare. The transaction is innovatively funded by a blend of new equity issued to the vendors, attractively priced at the last published NAV, and cash/newly hedged debt, managing near-term interest rate risks.

13/01/2023 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

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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

EQS Group AG

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...

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Impact Healthcare REIT - Attractive growing income, innovatively funded

Impact Healthcare REIT - Successful turnaround

Impact Healthcare REIT - Visible growth

Edison issues report on Impact Healthcare REIT (IHR)

Pan African Resources - Analysing H224 and looking forward to FY25

Greencoat Renewables - Efficient capital allocation and increasing demand

Henderson International Income Trust - Buying into the rapid spread of technology

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