Company
Primary Health Properties PLC
LON:PHP
Primary Health Properties PLC is a UK-based Real Estate Investment Trust (REIT) with a clear objective to create progressive returns for shareholders through a combination of earnings growth and capital appreciation. PHP achieves this by investing in healthcare real estate in the UK and Ireland let on long-term leases backed by a secure underlying covenant funded mostly by government bodies. The company's portfolio comprises over 300 primary healthcare facilities, both completed and committed, the majority of which are GP surgeries, with other properties let to NHS organisations, pharmacies and dentists.
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Primary Health Properties to benefit from 'firmer rental tone', says broker
The broker said Primary Health takes a “prudent approach” to acquisitions
Primary Health Properties encouraged by rental outlook
"We are encouraged by the firmer tone of rental growth experienced in the period from the ongoing rent reviews and asset management projects successfully completed," CEO Harry Hyman said
Primary Health Properties buys medical centre in Newbury for £7.25mln
The property is fully let to two GP practices, providing 100% government backed income, with an unexpired term of 19 years
Primary Health Properties sells portfolio of small medical centres
"We are delighted to have been able to achieve such a strong price for this portfolio of medical centres," said company CEO Harry Hyman
Primary Health Properties still on Jefferies 'buy' list
Jefferies expects PHP to continue to gear up using available resources.
Primary Health Properties makes solid start to year
Chief executive Harry Hyman told investors: "We expect to benefit from the current inflationary environment with an improving rental growth outlook and with the majority of our debt fixed or hedged we expect to remain in a very strong and r
Primary Health Properties buys diagnostic centre in London
The facility provides a number of services and expert teams specialising in neurology, cardiology, orthopaedics, urology and gastroenterology as well as women's healthcare services and a dedicated children's unit
Primary Health invests in its first net-zero carbon direct development
"We are delighted to have commenced work on one of the UK's first NZC healthcare buildings," said Harry Hyman, the chief executive officer of Primary Health Properties
Primary Health Properties acquires refurbished property in Surrey with 20-year NHS lease
The acquisition houses services being relocated from the nearby St Peter's Hospital in line with the NHS's strategy of moving ancillary services away from hospital settings, the company said
Primary Health Properties shares rise as dividend streak continues
Continued investment in GP facilities contributed to 26th consecutive year of dividend growth
Primary Health Properties CEO hails 'another strong year'
PHP generates its income from health centres and doctors surgeries with 90% of its rent roll funded from government sources
Primary Health Properties to pay shareholders four equal dividends in 2022
The first quarterly dividend in 2022, which will be 1.625p per ordinary share, will be paid on 25 February
Primary Health confirms another addition to its portfolio
It is the second purchase by the company this week
Primary Health announces addition to its portfolio
Primary Health announces addition to its portfolio
Primary Health Properties buys Surrey asset housing GP practice and a pharmacy for £5.3mln
The portfolio now totals 519 assets with a rent roll of £139mln
Primary Health Properties acquires Derbyshire facility for £5mln
The purpose-built facility is let to a GP practice
Primary Health Properties renegotiates two loans worth £300mln to reduce borrowing costs
PHP said financial rejig has reduced the average cost of debt to 2.9% from 3.4%, saving the company £5mln annually in the process