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LONDON (Alliance News) - Impact Healthcare REIT PLC said on Tuesday it saw a rise in net asset value and its portfolio value in the third quarter of its financial year.
For the three months to the end of September, net asset value as at September 31 was 102.30 pence per share, up from 102.03p at the end of June, and above the 98 pence reported at its IPO in March 2017.
The healthcare-focused real estate investor reported a 7.3% increase in its property portfolio value to GBP197.9 million over the period from GBP184.3 million at the end of June, driven mainly by acquisitions and funding on portfolio improvements.
The portfolio currently consists of 67 residential care homes with 3,139 beds, currently let to five tenants on fixed-term leases of 20 to 25 years. The portfolio also has a contracted rent roll of GBP15.8 million, up from GBP14.5 million the prior quarter.
Impact Healthcare said it remains on track to declare an annual dividend of 6.0 pence per share, up from
"The group continues to add additional attractive assets to its portfolio which we expect will deliver growth in income alongside capital appreciation from asset management opportunities. We continue to make progress on and grow a strong identified pipeline of exciting new investment opportunities in the care home sector in line with our investment criteria and returns profile," said Chairman Rupert Barclay.
Shares in Impact Healthcare REIT were untraded on Tuesday, last quoted at 104.25 pence.