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Champagne moment - Primary Health Properties joins FTSE 250 index from today

Harry Hyman, PHP’s managing director, said: "I'm delighted that PHP has been included in the FTSE 250 and FTSE All-Share indices and believe the move marks an important milestone in the Company's history”
Champagne moment
"In addition, the MCSI award demonstrates the industry-wide recognition of PHP as one of the strongest companies in the property fund sector,” he added.

Primary Health Properties PLC (LON:PHP) got a lift from news that it was included in FTSE Russell’s FTSE 250 and FTSE All-Share indices, with effect from the start of trading today, 24 April.

Furthermore, the leading investor in modern primary healthcare facilities announced that it has also been named by MSCI Inc. as the winner of the UK Property Investment Award for the highest 10-year risk-adjusted total return in the UK market.

READ: Doctors’ surgery owner Primary Health Properties raises higher-than-expected £115mln

The company noted that it had an 8.0% total annualised return relative to the IPD benchmark over the measured period.

PHP said MSCI - a leading provider of research-based indexes and analytics – made the award in association with the Investment Property Forum (IPF)

Harry Hyman, PHP’s managing director, said: "I'm delighted that PHP has been included in the FTSE 250 and FTSE All-Share indices and believe the move marks an important milestone in the Company's history.”

He added: “With a market capitalisation now over £800million and a 21-year track record of unbroken dividend growth, PHP has proven itself as a leading long-term investment opportunity and delivered significant returns to its shareholders.”

"One of the strongest companies in the property fund sector"

Hyman added: "In addition, the MCSI award demonstrates the industry-wide recognition of PHP as one of the strongest companies in the property fund sector.”

"Following the Company's recent oversubscribed capital raise, I believe that PHP is well-positioned to continue this growth and expand its portfolio by executing the £150mln pipeline of acquisition targets, delivering significant value for shareholders," he concluded.

PHP’s promotion to the FTSE 250 index outside of the normal quarterly reviews undertaken by London Stock Exchange Group PLC (LON:LSE) owned FTSE Russell comes as a result of the takeover of FTSE 100-listed GKN PLC (LON:GKN) by FTSE 250-listed Melrose PLC (LON:MRO), with the enlarged group to be included among the blue chips.

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