reports
- Martyn King
Primary Health Properties - Highlighting organic and investment-led gr...
Primary Health Properties (PHP) has issued a Q324 trading update alongside its capital markets presentation. The presentation focused on the significant opportunities for growth that PHP has identified in both the UK and Irish markets. Most importantly, the trading statement shows organic rental growth continuing, underpinning PHP’s commitment to its progressive dividend policy. Our forecasts are, for now, unchanged.
Primary Health Properties: 1 director
A director at Primary Health Properties bought 37,610 shares at 93p and the significance rating of the trade was 54/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years c...
- Martyn King
Primary Health Properties - Continuing dividend growth
Primary Health Properties’ (PHP’s) H124 results show continuing earnings and dividend growth, driven by rental income and underpinned by a low cost ratio and significantly fixed borrowing costs. With open market rental growth, covering two-thirds of rent roll, accelerating further, we forecast this to continue through FY26, which would mark 30 years of unbroken dividend growth.
- Martyn King
Primary Health Properties - Stability with income growth
The key feature of Primary Health Properties’ (PHP’s) 2023 results was the further acceleration in rental uplifts, rising at the fastest pace for 15 years. This is driving organic earnings growth to fully cover progressive dividends, which are now in the 28th year of unbroken increase.
- Martin Hall
Hardman & Co Healthcare Index: 2023 – Capital demands dent performance
The Hardman & Co Healthcare Index (HHI) has been running since 2009. Its main function is to highlight the attractions of life sciences investments over the long term. For the second year running, apart from global economic influences affecting world markets, performance in 2023 was dented by the capital-intensive nature of the sector. The HHI fell 3.7%, to 483.8, underperforming the main London markets – FTSE 100 (+3.8%) and FTSE All-Share (3.8%) but outperforming the FTSE AIM All-Share Index (...
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- Martyn King
Primary Health Properties - Strategic and accretive Irish expansion
Primary Health Properties (PHP) has agreed to acquire Ireland’s first Enhanced Community Care (ECC) facility for a total consideration of €30m. With its interim results, PHP highlighted its continued plans for strategic expansion in Ireland, where higher yields support accretive investment in an expanding market. Alongside low-risk, value-creating asset management schemes and accelerating organic rental growth, this represents a key opportunity for continuing growth in income. Our forecasts are ...
- Martyn King
Primary Health Properties - Sustaining dividend growth
Interim results showed Primary Health Properties (PHP) to be well on track to meet its fully covered 6.7p DPS target, the 27th consecutive year of growth. Organic rent growth continues to increase, borrowing costs are nearly all fixed/hedged and the cost ratio is among the lowest in the sector. Despite this, the prospective dividend yield is now c 7%.
- Liberum Research Team
- Liberum Research Team
- Shonil Chande
- Manos Halicioglu
Further progress
Primary Health Properties PLC (“PHP”), the FTSE 250 healthcare real estate investment company, is a leading investor in modern, flexible primary care accommodation across the UK and Ireland, has made two noteworthy announcements since we last reported on the company (on 14th December 2022).Firstly,
- Liberum Research Team
- Liberum Research Team
- Martyn King
Primary Health Properties - Termination of coverage
Edison Investment Research is terminating coverage on Vivesto (VIVE), Diurnal Group (DNL), Palace Capital (PCA), Primary Health Properties (PHP), Silver One Resources (SVE), Induction Healthcare (INHC) and Axiom European Financial Debt (AXI). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant. Previously published reports can still be accessed via our website.
- Shonil Chande
LIBERUM: Alternatives Daily: UKW | JLEN | USF | BGLF | MPLF | PHP
Greencoat UK Wind - 31% YoY NAV TR as power price assumptions revisedJLEN Environmental Assets - c.1% decline to NAV at Q3 updateUS Solar Fund - Mount Signal 2 sale option exercisedBlackstone Loan Financing and Marble Point Loan Financing - December NAV updatesPrimary Health Properties - Axis Technical Services acquisition
- Richard Williams
QuotedData’s Real Estate Monthly Roundup – January 2023
Performance - 2022 ended with another difficult month for property companies as the sector continues to get to grips with the impact of higher interest rates. There were several funds that performed well during December, however, with secondary shopping centre landlord Capital & Regional top of the pile. For a second month on the trot Home REIT saw its share price tank after it came under attack from a short seller in November. Valuation moves - It was a mixed bag for valuations, with six-month...
PHP PRIMARY HEALTH PROPERTIES PLC
ESP EMPIRIC STUDENT PROPERTY PLC
RGL REGIONAL REIT LTD.
CAPC CAPITAL & COUNTIES PROPERTIES PLC
RLE REAL ESTATE INVESTORS PLC
LMP LONDONMETRIC PROPERTY PLC
PCA PALACE CAPITAL
CRC CIRCLE PROPERTY
SRE SIRIUS REAL ESTATE LIMITED
TOWN TOWN CENTRE SECURITIES PLC
ASLI ABERDEEN STANDARD EUROPEAN LOGISTICS INCOME
WHR WAREHOUSE REIT PLC
CSH CIVITAS SOCIAL HOUSING PLC
DEL GRIT REAL ESTATE INCOME GROUP
SHED URBAN LOGISTICS REIT PLC
EBOX TRITAX EUROBOX GBP
CBA CEIBA INVESTMENTS
MLI INDUSTRIALS REIT LTD
API ABRDN PROPERTY INCOME TRUST
- Richard Williams
QuotedData’s Real Estate Monthly Roundup – January 2023
Performance - 2022 ended with another difficult month for property companies as the sector continues to get to grips with the impact of higher interest rates. There were several funds that performed well during December, however, with secondary shopping centre landlord Capital & Regional top of the pile. For a second month on the trot Home REIT saw its share price tank after it came under attack from a short seller in November. Valuation moves - It was a mixed bag for valuations, with six-month...
PHP PRIMARY HEALTH PROPERTIES PLC
ESP EMPIRIC STUDENT PROPERTY PLC
RGL REGIONAL REIT LTD.
CAPC CAPITAL & COUNTIES PROPERTIES PLC
RLE REAL ESTATE INVESTORS PLC
LMP LONDONMETRIC PROPERTY PLC
PCA PALACE CAPITAL
SERE SCHRODER EUROPEAN REAL ESTATE INVESTMENT TRUST
CRC CIRCLE PROPERTY
SRE SIRIUS REAL ESTATE LIMITED
TOWN TOWN CENTRE SECURITIES PLC
ASLI ABERDEEN STANDARD EUROPEAN LOGISTICS INCOME
WHR WAREHOUSE REIT PLC
CSH CIVITAS SOCIAL HOUSING PLC
DEL GRIT REAL ESTATE INCOME GROUP
SHED URBAN LOGISTICS REIT PLC
EBOX TRITAX EUROBOX GBP
CBA CEIBA INVESTMENTS
MLI INDUSTRIALS REIT LTD
API ABRDN PROPERTY INCOME TRUST
EQS-News: Proactive Research Analyst Manos Halicioglu looks at Primary...
EQS-News: Primary Health Properties PLC Proactive Research Analyst Manos Halicioglu looks at Primary Health Properties 15.12.2022 / 10:55 CET/CEST The issuer is solely responsible for the content of this announcement. Contact DetailsProactiveProactive UK Ltd 3News Source: News Direct 15.12.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Release...
- Manos Halicioglu
Primary Health Properties: Succession planning
Primary Health Properties, the FTSE 250 healthcare real estate investment company, has announced that Harry Hyman will officially step down as the company's chief executive officer (CEO) at the company's 2024 annual general meeting (AGM), which we estimate will take place between 1st April 2024 and
- Oliver Juggins
Inflation & Investment Trusts - Sep 2022
Inflation has now persisted beyond most people's 2021 expectations for a “short term blip” following the COVID crisis, and investors are increasingly under pressure to generate positive real returns in the first highly inflationary (i.e., >5%) environment since 1991. We expect a degree of asset price volatility to continue across all asset classes for quite some time. In this note we look at the factors behind the current inflationary environment, evaluate which ones are likely to persist and ...
ADIG ABERDEEN DIVERSIFIED INCOME AND GROWTH TRUST
HHI HENDERSON HIGH INCOME TRUST PLC
BERI BLACKROCK ENERGY AND RESOURCES INCOME TRUST PLC
PCFT POLAR CAPITAL GLOBAL FINANCIALS TRUST
RICA RUFFER INVESTMENT COMPANY
TRIG RENEWABLES INFRASTRUCTURE GROUP LIMITED GBP RED.SHS
AEWU AEW UK REIT
SERE SCHRODER EUROPEAN REAL ESTATE INVESTMENT TRUST
HICL HICL INFRASTRUCTURE PLC
SEIT SDCL ENERGY EFFICIENCY INCOME TRUST
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