08:00 Thu 06 Jun 2019
Primary Health Props - Portfolio Update
Portfolio Update
Property portfolio
The portfolio now comprises 484 properties with a gross book value of over
The portfolio's average lot size has remained constant at
|
Number of properties |
Book value £ million |
% |
Average lot size (£ million) |
> |
42 |
585 |
25.3% |
13.9 |
|
107 |
746 |
32.2% |
7.0 |
|
159 |
609 |
26.3% |
3.8 |
|
169 |
370 |
16.0% |
2.2 |
< |
7 |
6 |
0.2% |
0.5 |
Total |
484 |
2,316 |
100.0% |
4.8 |
The geographical analysis of the portfolio by book value is as follows:
|
23% |
North East |
16% |
South East |
14% |
North West |
13% |
|
8% |
|
8% |
|
7% |
|
6% |
South West |
5% |
Total |
100% |
The security and longevity of our income are important drivers of our secure, long-term, predictable income stream and enable our progressive dividend policy. 90% (
68.1% of the rents are reviewed on an open market basis, typically every three years and are impacted by land and construction inflation. The balance of the portfolio has either RPI (25.2%) or fixed uplifts (6.7%) which provide an element of certainty to future rental growth within the portfolio.
The portfolio's weighted average lease length at
< 3 years |
1.6% |
4-5 years |
5.3% |
5-10 years |
24.3% |
10-15 years |
35.2% |
15-20 years |
19.7% |
> 20 years |
13.9% |
Total |
100.0% |
Net debt
As at
"We are delighted to have successfully completed the merger with MedicX bringing together two highly complementary portfolios and teams in the
More information on
Further details:
Managing Director Tel: +44 (0) 20 7451 7050
|
|
Finance Director Tel: +44 (0) 20 7104 5599
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Tel: +44 (0) 20 7466 5066 |
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Legal Entity Identifier: 213800Y5CJHXOATK7X11
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