24th May 2016 10:08
LONDON (Alliance News) - MedicX Fund Ltd, a London-listed investor in primary healthcare properties in the UK & Ireland, on Tuesday said it is in a good position to deliver "sustainable" growth.
The company reported a 0.4 pence per share increase in net asset value on an EPRA basis between September 30, 2015 and March 31, up to 71.2p from 70.8p.
MedicX announced a quarterly dividend of 1.4875p per share in April, with total dividends of 5.95p per share expected for the year as a whole, equating a to a 6.8% dividend yield and an increase from 5.9p per share and a 7.0% dividend yield a year earlier.
It reported EPRA earnings of GBP6.8 million in the six months, equivalent to 1.8p per share, down from GBP7.0 million and 2.0p per share a year earlier.
"The fund's focus on the quality of the portfolio together with ongoing demand for high quality healthcare property, such as those owned and maintained by the fund, has led to the company's shares continuing to represent an attractive investment proposition. With a strong pipeline of investment opportunities to complement the existing portfolio, the fund remains well positioned for further sustainable growth," Chairman David Staples said in a statement.
By Samuel Agini; [email protected]; @samuelagini
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