Edison Investment Research - Primary Health Properties PLC (PHP) Primary Health Properties - Refinancing enhances earnings/dividend outlook

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Edison Investment Research

Martyn King

Primary Health Properties - Refinancing enhances earnings/dividend outlook

Primary Health Properties (PHP) has announced refinancing measures that enhance debt duration and significantly reduce the running cost of debt. Our forecasts for earnings and fully covered dividend growth are increased. Sustainability linked terms in the new debt facilities are a first for PHP and will potentially further reduce debt costs over time.

01/11/2021 4 EN

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.

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GB00BYRJ5J14 London Stock Exchange United Kingdom

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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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Primary Health Properties - Refinancing enhances earnings/dividend outlook

Form 8.3 - The Vanguard Group, Inc.: Primary Health Properties plc

Form 8.3 - The Vanguard Group, Inc.: Primary Health Properties plc

Form 8.3 - The Vanguard Group, Inc.: Primary Health Properties plc

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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