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IN BRIEF: Target Healthcare REIT ups dividend as net assets improve

27th Apr 2021 13:26

Target Healthcare REIT PLC - investor in modern, purpose-built care homes in UK - Net asset value per share has increased by 0.8% to 109.1 pence since the end of 2020, reflecting improved earnings and valuation uplifts across the portfolio from modest yield tightening and annual rental uplifts. Total property portfolio value is GBP650.8 million, a 1% year-on-year increase on a like-for-like basis. Third interim dividend of 1.68 pence per share declared for the financial year ending June 30, representing an increase of 0.6% year-on-year.

Current stock price: 117.60p

Year-to-date change: up 3.2%

By Evelina Grecenko; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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Target Healthc.
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