Report

QuickView: IMS indicates further dividend cover progress

Primary Health Properties’ (PHP) IMS covering the period from 1 July to 10 November 2014 indicates that dividend cover has continued to build, with earnings growth driven by portfolio expansion, rental growth, cost savings and lower funding costs. This is reflected in our forecasts, which indicate full cover being achieved by the end of FY16. Dividend policy remains progressive and the interim payment on 7 November brings the 2014 total to 19.5p.
Underlying
Primary Health Properties PLC

Primary Health Properties is a holding company and a real estate investment trust. The principal activity of Co. is investment in primary healthcare property in the U.K. and Ireland. Co.'s properties are leased principally to general practitioners, government healthcare organizations and other associated healthcare users.

Provider
Edison Investment Research
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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