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Primary Health Properties - secure with some sizzle

Primary Health Properties (LON:PHP) is a UK & Ireland focused real estate investment trust (REIT), with a strong rental cash-flow base, and a low-risk profile, holding a portfolio of 484 primary healthcare properties.

The company has an impressive track record of dividend growth, increasing the payment every year since listing in 1997. In addition, the company has delivered steady capital gains on its portfolio that have translated into share price appreciation. On p2 we provide a reminder of how PHP’s returns model has delivered for shareholders.

In March 2019 PHP completed its transformational merger with MedicX (another primary healthcare REIT), with objectives of lowering the cost ratio (now lowest in the UK REIT space), lowering financing costs, and other merger synergies. In our detailed initiation report (11 June 2019) we provided some details of how we expected the merger benefits to play out, as well as general positive drivers for the company. Some events in the last few months have proved supportive of our expectations.

Quick facts: Primary Health Properties PLC

Price: 146 GBX

LSE:PHP
Market: LSE
Market Cap: £1.78 billion
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What's in the report?

Financial results and forecasts
Growth drivers
Management
Market conditions
Milestones & inflection points

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Primary Health Properties delivering 'impressive dividend track record and...

Proactive Research analyst Ed Stacey says Primary Health Properties (LON:PHP) has an impressive track record of dividend growth, increasing the payment every year since listing in 1997. On top of that he says they've delivered steady capital gains on its portfolio that have translated into...

on 21/10/19

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Director/PDMR Shareholding

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Director/PDMR Shareholding

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Holding(s) in Company

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Holding(s) in Company

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Directorate Change

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Director/PDMR Shareholding

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Director/PDMR Shareholding

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