Edison Investment Research - Impact Healthcare REIT PLC (IHR) Impact Healthcare REIT - Strong cash flow underpins further DPS growth

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Edison Investment Research

Martyn King

Impact Healthcare REIT - Strong cash flow underpins further DPS growth

Impact Healthcare REIT’s Q423 update shows a continued strengthening in operational and financial tenant performance, reflected in a record level of rent cover and 100% rent collection. With cash flow remaining strong, we expect the FY23 DPS of 6.77p (+3.5%) was fully covered by adjusted ‘cash’ earnings and the FY24 DPS target has been set at 6.95p (+2.7%). We will review our forecasts with the full year results in late March.

31/01/2024 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 - Strong cash flow underpins further DPS growth

Care REIT - Strong Q324 and accretive growth

Impact Healthcare REIT - Successful turnaround

Impact Healthcare REIT - Visible growth

Nabaltec - Resilience and margin expansion

The Platform Group - Significant acceleration in growth in Q324

Theon International - Clear vision for growth

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