IN BRIEF: Target Healthcare REIT says asset values hurt by rate hikes
2nd Feb 2023 11:56
Target Healthcare REIT PLC - London-based real estate investment trust investing in care homes - EPRA net tangible assets per share are 103.0 pence on December 31, down 8.1% from 112.1p on September 30, mostly due to like-for-like portfolio valuation decrease of 5.0%. EPRA refers to European Real Estate Association. Net asset value total return, a combination of NTA movement and dividend payments, is negative 6.6% in the recent quarter, Target Healthcare's financial second quarter. Declares second interim dividend of 1.69 pence per share, the same as for the first. Notes interim dividend reflects annualised payment of 6.76p and a dividend yield on Wednesday's closing price of 8.4%. Read More