25th Mar 2024 10:43
(Alliance News) - Impact Healthcare REIT PLC on Monday said it was well positioned to deliver long-term sustainable returns to shareholders, citing a recovery from high inflation.
The London-based owner of care homes and other healthcare properties in the UK said net asset value per share rose 4.7% to 115.38 pence as at December 31 from 110.17p a year prior.
The company's EPRA net loan to value ratio increased to 27.8% at December 31 from 24.1% a year ago.
Impact Healthcare highlighted that its "well-hedged debt position mitigated the effects of high interest rates."
The total dividend for 2023 is 6.77p per share, up 3.5% from 6.54p paid for 2022. The company targets a 2024 dividend of 6.95p, up 2.7% year-on-year.
Looking ahead, the company said: "We're well positioned to continue to deliver long-term, sustainable returns to shareholders. As the economy recovers from 2023's high inflation and interest rate rises, and as the government sees the role that this sector can play in both health and the economy, we believe that we'll see more opportunities for growth in the future."
Impact Healthcare shares were 0.2% higher at 82.99 pence each on Monday morning in London.
By Tom Budszus, Alliance News slot editor
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