Report

MedicX Fund (MXF.L) Arbitrage opportunity

MedicX FundÂ’s up-only rental stream on 15.8 year average leases, 13.3 year
term average debt underpins investment strongly, proven by asset
revaluations. Further falls in long term debt yields benefit MedicX shares
two-fold. Assets, priced at 5.6% cap rates represent excellent, rising, value. A
dividend yield of 7.0% attracts. MedicX borrows at 4.5%, creating a large
cashflow uplift on acquisitions. It has a strong (£90m) acquisition pipeline.
Underlying
MedicX Fund Ltd

MedicX Fund is a closed-ended investment company and a U.K. Real Estate Investment Trust. Co. is the holding company of a number of subsidiaries. Co., together with its subsidiaries, is a primary healthcare infrastructure investor in purpose-built primary healthcare properties in the U.K. and Republic of Ireland. As of Sep 30 2017, Co. had 156 primary care properties across the U.K., including 151 completed properties and five properties under development. Octopus AIF Management Limited acts as Co.'s Alternative Investment Fund.

Provider
Hardman & Co
Hardman & Co

We are a rapidly growing, innovative corporate research & consultancy business, based in London, serving the needs of both public and private companies.

Our expert team of sector analysts and market professionals collectively have over 400 years of experience.  This depth of knowledge and a reputation for integrity have built trust with investors. With effective communication and precision distribution, we help companies disseminate their investment message to interested investors, as well as advise them on strategy.

Our smaller, boutique structure allows us to provide first-class customer service and to deliver a wide range of ad-hoc services for multiple clients with different needs.

Other Reports on these Companies
Other Reports from Hardman & Co

ResearchPool Subscriptions

Get the most out of your insights

Get in touch