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IN BRIEF: Target Healthcare REIT posts double digit annual growth

20th Oct 2021 16:50

Target Healthcare REIT PLC - care homes operator - As at June 30, EPRA net asset value per share is 110.5 pence, up 2.2% from 108.1p the same date the year before. For the 12-month period, pretax profit increases 39% to GBP43.9 million from GBP31.6 million the prior year, as total income - which includes rental income and gains on the revaluation of properties - which was up 30% year-on-year at GBP60.7 million from GBP46.6 million.

Target Healthcare's portfolio value increases 11% to GBP684.8 million from GBP617.6 million, comprising 77 assets.

Declares dividend of 6.72 pence per share, up 0.6% from 6.68p the year before.

Current stock price: 117.40 pence

Year-to-date change: up 3.0%

By Dayo Laniyan; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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Target Healthc.
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