Primary Health Properties - Resilient growth set to continue
With its properties performing an essential role in the fight against the pandemic, and with 90% of rents paid directly or indirectly by governments, Primary Health Properties’ (PHP’s) portfolio was extremely resilient in FY20. DPS growth was uninterrupted due to consistently strong operational cash flows, and after a Q1 DPS increase of 5.1% in the current year, PHP is in its 25th year of unbroken dividend growth. With capital values also benefiting from a flight to quality, the FY20 total accounting return was 10.1%.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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