22nd Jan 2019 09:31
LONDON (Alliance News) - Assura PLC on Tuesday said it continued to grow assets and its rent roll in its third quarter, acquiring eight new medical centres.
In the third quarter to the end of December, the primary care property investor bought eight medical centres a combined cost of GBP67 million.
This means that for the whole year to date Assura has invested GBP175 million via the acquisition of 45 medical centres and completion of two developments with a combined passing rent roll of GBP8.5 million.
The company now owns 553 centres with a total annualised rent roll of GBP99.8 million as of December 31. At the end of September its rent roll was GBP97.0 million.
Furthermore, in the three-month period, Assura disposed of 11 assets which did not meet the company's investment criteria, totalling GBP6.0 million.
"We are pleased to provide another positive trading update on our business, with GBP67 million of additions to the portfolio in the last three months helping grow our rent roll to GBP99.8 million. Meanwhile we continue to replenish our pipeline of acquisitions and developments which currently stands at GBP170 million," Chief Executive Officer Jonathan Murphy said.
Furthermore, Assura said that its successful performance allowed it to up its quarterly dividend by 5% to 0.685 pence per share.
Assura shares were trading up 2.0% at 55.68 pence each.
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