1st Aug 2014 09:23
LONDON (Alliance News) - Target Healthcare REIT Ltd Friday said it net asset value per share at June 30 was 94.7 pence, a decrease of 1.5% from March's net asset value per share of 96.0 pence.
The company blamed the fall on transaction costs on acquired properties. At the end of June the company owned 18 care homes with a market value of GBP83.2 million and had cash balances of around GBP17.1 million.
During the period the company paid its fifth interim dividend of 1.5 pence per share.
Target Healthcare shares were quoted up 2.1% at 102.83 pence Friday morning.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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