Primary Health Properties PLC Edison issues update on Primary Health Properties
11 Agosto 2023 - 3:15AM
RNS Non-Regulatory
TIDMPHP
Primary Health Properties PLC
11 August 2023
London, UK, 11 August 2023
Edison issues update on Primary Health Properties (PHP)
Interim results showed Primary Health Properties (PHP) to be
well on track to meet its fully covered 6.7p DPS target, the 27th
consecutive year of growth. Organic rent growth continues to
increase, borrowing costs are nearly all fixed/hedged and the cost
ratio is among the lowest in the sector. Despite this, the
prospective dividend yield is now c 7%.
Visible, secure and growing income is the core of the PHP
investment case. Leases are long and substantially upward-only, 89%
backed directly or indirectly by government bodies, with little
exposure to the economic cycle or fluctuations in occupancy. The
rise in interest rates has driven up the prospective dividend yield
to c 7% despite accelerating rent growth underpinning the prospects
for further growth in income and dividends.
Click here to view the full report.
All reports published by Edison are available to download free
of charge from its website
www.edisongroup.com
About Edison: E dison is a leading research and investor
relations consultancy, connecting listed companies to the widest
pool of global investors. By focusing on the volume and quality of
investors reached - across institutions, family offices, wealth
managers and retail investors - Edison can create and gauge intent
to purchase, even in the darkest pools of capital, and then make
introductions via non-deal roadshows, events or virtual
meetings.
Having been the first company in-market 17 years ago, Edison has
more than 100 employees and covers every economic sector.
Headquartered in London, Edison also has offices in New York,
Sydney and Wellington.
Edison is authorised and regulated by the Financial Conduct
Authority .
Edison is not an adviser or broker-dealer and does not provide
investment advice. Edison's reports are not solicitations to buy or
sell any securities.
For more information, please contact Edison:
Martyn King +44 (0)20 3077 5700 financials@edisongroup.com
Learn more at www.edisongroup.com and connect with Edison
on:
LinkedIn www.linkedin.com/company/edison-group-/
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(END) Dow Jones Newswires
August 11, 2023 02:15 ET (06:15 GMT)
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