Primary Health Properties to acquire Irish outpatient care centre for €10.1mln
“We have a strong pipeline of opportunities in the UK and Ireland and are well positioned to continue to grow our portfolio," said Harry Hyman
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 launches community impact fund
It will work with the GP practices in its facilities to promote the fund to organisations delivering social prescribing services to their patient lists and local communities
Primary Health buys medical centre in Cardiff
The property is fully let to a large local GP practice serving over 8,000 patients and to a pharmacy
Hardware & electrical equipment
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Primary Health Properties expands its portfolio further with £40mln swoop for health centre and offices in Bury, Lancashire
The company said it has a strong pipeline of further opportunities
Primary Health upgraded after encouraging numbers
Broker Berenberg has raised its share price target to 170p
Primary Health Properties sees progress across the board at the halfway stage
The company is a specialist at developing local medical centres
Primary Health Properties highlights robust rent collection
The company also said it has continued to grow rental income from its existing portfolio, with 91 rent reviews resulting in an additional £0.5mln per year
Primary Health eyes growth opportunities in UK and Irish healthcare sectors
Healthcare property stocks will continue to benefit from supportive structural growth trends, says Liberum
Primary Health Properties buys primary care centre in Shankill, Dublin
The acquisition extends Primary Health's footprint in Ireland, as per its stated strategy
Primary Health Properties' earnings surge as pandemic boosts demand for healthcare facilities
The FTSE 250 group reported a 22.4%jump in earnings over the year, while the value of its portfolio crept up 2% to around £2.58bn
Primary Health Properties upgraded to 'buy' by broker Peel Hunt
The internalisation deal “further enhances its position as the most efficient UK REIT, delivers an immediate dividend increase and further improves management alignment”
Primary Health Properties lifts dividend for 2021 as it brings management in-house
The level of the dividend means the shares yield 4% for 2021
Primary Health Properties' appeal enhanced by bringing management in-house, suggests broker
Liberum estimates the plan will result resulting in £4mln a year in cost savings or around a 12% ‘yield’ on the £33mln acquisition cost.
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Primary Health Properties announces two transactions
The company has acquired a medical centre in Liverpool for £4.6mln and agreed to fund a new centre in Ireland to the tune of €12.6mln
Primary Health Properties to acquire manager in £33mln deal
The improved earnings will allow PHP to pay higher dividends
Primary Health Properties one of the safest ways to play the UK's uncertain times, says broker
The health real estate investor “is as close to having a guaranteed top line as is currently possible”, with 90% of income funded by government bodies
Primary Health Properties has been a "significant beneficiary" of the " unrelenting search for secure and reliable income"
The company, which operates 490 facilities such as GP and dentists’ surgeries and pharmacies in the UK and Ireland, provided the update alongside its interim results
Primary Health Properties fundraising highlights strength of primary healthcare model, say analysts
The capital raise “indicates the strength of the investment case in more uncertain times”, Berenberg analysts said