(Alliance News) - Assura PLC on Tuesday reported strong annual results as demand for healthcare spaces remains strong due to the Covid-19 pandemic.
The FTSE 250-listed care property investor and developer reported a net asset value per share of 57.3 pence at March 31, rising 6.1% from 54.0p a year prior.
Pretax profit for the year ended March 31 increased 37% to GBP108.3 million from GBP78.9 million.
Net rental income climbed 8.0% to GBP112.0 million from GBP103.7 million, while revaluation gains rose sharply to GBP41.6 million from GBP9.7 million.
"Over the year we continued to build on our market-leading position, delivering a strong financial performance, a record number of new developments in local communities and significant progress on our social impact strategy," said Chief Executive Jonathan Murphy.
The annual payout for the year was raised by 2.2% to 2.82p per share from 2.76p.
Going forward, Murphy said: "With an ageing population and challenges exacerbated by Covid-19, NHS services are under intense pressure. Well-designed and located community healthcare spaces that meet the ever-changing requirements of GPs and their patients will play an essential role in reducing this pressure on hospitals and the wider health service.
"With our largest ever development pipeline and deep understanding of the NHS, we are well-placed to continue delivering such space and to support it through key emerging trends including digitalisation, the integration of healthcare systems and mental health support."
Assura shares were flat at 72.45p each in London on Tuesday morning.
By Greg Roxburgh; gregroxburgh@alliancenews.com
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Assura (AGR)