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Pin to quick picksTarget Healthc. Share News (THRL)

Share Price Information for Target Healthc. (THRL)

London Stock Exchange
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Share Price: 79.50
Bid: 79.50
Ask: 79.80
Change: 0.00 (0.00%)
Spread: 0.30 (0.377%)
Open: 79.20
High: 80.40
Low: 79.20
Prev. Close: 79.50
THRL Live PriceLast checked at -
Target Healthcare REIT is an Investment Trust

To provide ordinary shareholders with an attractive level of income with the potential for capital and income growth from investing in best-in-class care home assets with attractive financial characteristics.

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IN BRIEF: Target Healthcare REIT says asset values hurt by rate hikes

Thu, 02nd Feb 2023 11:56

Target Healthcare REIT PLC - London-based real estate investment trust investing in care homes - EPRA net tangible assets per share are 103.0 pence on December 31, down 8.1% from 112.1p on September 30, mostly due to like-for-like portfolio valuation decrease of 5.0%. EPRA refers to European Real Estate Association. Net asset value total return, a combination of NTA movement and dividend payments, is negative 6.6% in the recent quarter, Target Healthcare's financial second quarter. Declares second interim dividend of 1.69 pence per share, the same as for the first. Notes interim dividend reflects annualised payment of 6.76p and a dividend yield on Wednesday's closing price of 8.4%.

"Following the interest rate rises witnessed in late 2022, real estate values across almost all sectors have been falling," says Kenneth MacKenzie, chief executive officer of Target Fund Managers. "While the group has not been completely immune to this trend, our portfolio has demonstrated its resilience versus the CBRE UK monthly index (all property) capital decline of 14.6% for the same quarter."

Current stock price: 85.20p, up 6.4% on Thursday in London

12-month change: down 26%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Target Healthcare reports strong rent collection, buys Bicester home

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