Edison Investment Research - Target Healthcare REIT PLC (THRL) Target Healthcare REIT - Rent cover at a high and fully covered DPS

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Edison Investment Research

Martyn King

Target Healthcare REIT - Rent cover at a high and fully covered DPS

Target Healthcare REIT’s Q224 update shows indexed rent reviews driving increased earnings and property values. Tenant profitability continues to strengthen, reflected in a new high level of rent cover and a continuing high level of rent collection. Quarterly DPS, increased by 2% at the start of FY24, is now well covered by adjusted earnings.

06/02/2024 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

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Target Healthcare REIT - Rent cover at a high and fully covered DPS

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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