3rd Oct 2019 07:55
(Alliance News) - Assura PLC on Thursday expressed confidence in the reminder of its financial year following accelerated activity in the first half.
The care property investor said its current portfolio comprises of 560 properties. During the six months to the end of September, the FTSE 250-listed firm said it completed nine acquisitions at a cost of GBP34.3 million and 14 disposals for GBP18 million in cash, at a "small" premium to book value at March.
Assura said it has completed two developments at a cost of GBP8.4 million in the half-year.
Annualised rent roll stood at GBP104.4 million as of Monday, taking account of additions, disposals and rent reviews. Gross debt was GBP757 million with undrawn facilities of GBP250 million, the company noted.
"Assura has had a very active first six months of the reporting year as we continue to build on our strong progress," said Chief Executive Jonathan Murphy.
He added: "We remain confident in our outlook for the year and look forward to sharing a fuller update at our interim results in November."
Assura will publish its interim results on November 12, it said.
By Evelina Grecenko; [email protected]
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