Edison Investment Research - Target Healthcare REIT PLC (THRL) Target Healthcare REIT - Growth from a firm base

Report

Edison Investment Research

Martyn King

Target Healthcare REIT - Growth from a firm base

Target Healthcare REIT’s decision to rebase the quarterly DPS targeted for H223 (-17% to 1.4p per quarter) established full DPS cover from a base that we forecast will grow, driven by indexed rental growth. The yield remains attractive and rather than the rebase signalling new challenges, operational performance continues to strengthen.

24/04/2023 1 EN

Underlying

Target Healthcare REIT PLC

Target Healthcare REIT is engaged in the investment into care homes properties in the United Kingdom. Investment Manager: Target Advisers LLP

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GB00BJGTLF51 London Stock Exchange Jersey

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

Other Reports on these Companies

Edison Investment Research

Target Healthcare REIT - Rental income continuing to drive returns

Target Healthcare REIT’s Q125 update shows indexed rent reviews driving increased earnings and property values. Tenant profitability remains strong, reflected in high levels of rent cover and rent collection. The rate of quarterly dividends has increased 3% from the start of FY25 and is well covered by adjusted earnings.

October 30, 2024 October 30, 2024 1 EN

Edison Investment Research

Target Healthcare REIT - Q4 rounds off a strong year of performance

Target Healthcare REIT has released its Q424 trading update. We expect the full year results to be published in late September. Income and capital values are benefiting from inflation-linked rental growth, reflected in fully covered dividends and a sixth consecutive quarter of NAV growth and positive total returns. Q424 NAV total return was 2.8%, taking the FY24 total to more than 11%.

August 7, 2024 August 7, 2024 1 EN

EQS Group AG

Edison issues report on Target Healthcare REIT (THRL)

Edison Investment Research Limited Edison issues report on Target Healthcare REIT (THRL) 01-Jul-2024 / 12:15 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 1 July 2024 Edison issues report on Target Healthcare REIT (THRL) 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 securit...

July 1, 2024 July 1, 2024 1 EN

Manx Financial Group - Termination of coverage

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March 10, 2025 March 10, 2025 1 EN

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Topps Tiles - Accelerating growth through Q125

Topps Tiles (TPT) is enjoying a return to revenue growth following a very challenging FY24 due to wider macroeconomic weakness. The company’s recovery is clearly being boosted by new revenue streams from its self-help initiatives, notably from trade and online customers across all of its brands. While the macroeconomic environment remains uncertain, it is pleasing that the strategy is supporting growth. The valuation continues to look compelling, even with limited macroeconomic recovery included in management’s long-term financial goals. With the Q125 trading update, the CEO has announced his ...

January 10, 2025 January 10, 2025 1 EN

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Target Healthcare REIT - Growth from a firm base

Target Healthcare REIT - Rental income continuing to drive returns

Target Healthcare REIT - Q4 rounds off a strong year of performance

Edison issues report on Target Healthcare REIT (THRL)

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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