Proactive analyst Ed Stacey presents his latest research on Primary Health Properties, which recently reported their full-year (FY) 2020 results, in line with expectations, showing continued strong progress for the business.
The real Estate investment trust focussed on medical centres in the UK and Ireland revealed adjusted earnings per share (EPS) increased by 5.5% and the dividend by 5.4%, while balance sheet gearing reduced to 41.0%.
Stacey believes the demand drivers remain favourable for primary health facilities in the UK and Ireland despite the advent of video consultations. In the post-COVID-19 environment, he believes that health authorities will remain focussed on moving more activity out of the A&E (accident & emergency) environment and back to general practitioners (GPs), as well as working to clear large backlogs that have built up during the pandemic as routine procedures have been deferred.
Click here to read Proactive Analyst Ed Stacey's latest research note on Primary Health Properties