Edison Investment Research - Target Healthcare REIT PLC (THRL) Portfolio growth

Report

Edison Investment Research

Julian Roberts

Portfolio growth

Target Healthcare REIT (Target) continues to approach full investment, having completed the acquisitions of four care homes in the quarter to 31 March and one more in April. Portfolio value stood at £274.6m at the quarter-end (31 December: £253.1m). The Q217 dividend was the main cause of a slight decrease in EPRA NAV per share to 101.5p (31 December: 101.8p); we expect full dividend cover to be achieved in FY18 as the company becomes fully invested. The secular trends of an ageing population and a persistent lack of modern care homes create a significant opportunity for further investment to underpin the attractive dividend yield.

28/04/2017 3 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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JE00B95CGW71 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

Julian Roberts

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Portfolio growth

Target Healthcare Reit Ltd: 1 director

Edison Investment Research Limited: Target Healthcare REIT (THRL): Consistent positive returns with social impact

Target Healthcare REIT - Consistent positive returns with social impact

Zalaris - Continuing contract momentum in FY24

BlackRock Sustainable American Income Trust - Unique value/ESG fund at an attractive valuation

Northern Data Group - Continued progress as a diversified HPC provider

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