6th Jul 2022 09:15
(Alliance News) - Assura PLC on Wednesday said it is bringing in a higher rent roll, having expanded its property portfolio.
The Warrington, England-based care property investor and developer said its portfolio grew to 662 from 610 properties in the firm's first quarter that ended June 30, compared to a year ago. Annualised rent roll increased to GBP141.3 million from GBP123.5 million. It made 17 property additions at a cost of GBP110 million, more than the 12 property additions at GBP53 million in total a year ago, it adds.
However, net debt widened to GBP1.11 billion from GBP954 million and the immediate acquisition pipeline shrank to GBP47 million from GBP58 million.
"We are seeing increased opportunity to work with the NHS in providing the crucial primary care infrastructure that the country so badly needs, but we will maintain a disciplined approach to the deployment of capital as we do so," says Chief Executive Officer Jonathan Murphy.
Assura shares were 1.4% higher at 65.90 pence each in London on Wednesday morning.
By Tom Budszus; [email protected]
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