(Alliance News) - Impact Healthcare REIT PLC said Friday its net asset value rose over the fourth quarter and 2019 as a whole, and expects to declare an increased annual dividend for 2020.
As at December 31, the healthcare-focused real estate investor reported a net asset value of 106.81 pence per share, up 3.5% from 103.18p the same date the year before, and 0.8% higher from 106.00p at the end of September.
The trust's property portfolio was valued at GBP318.8 million, up 42% year-on-year from GBP223.8 million the prior year. As at December 31, the portfolio had an annualised contracted rent roll of GBP23.1 million, and comprised of 86 healthcare properties.
Impact Healthcare declared a dividend for the quarter to the end of December of 1.5425 pence per share, bringing the total payout to 6.17p, up 2.8% from 6.00p the year before.
Looking ahead, the trust is targeting a dividend of 6.29p for 2020, a 1.9% year-on-year increase from the expected figure in 2019.
"The board is pleased by the good progress made by the company over the past year. The company's portfolio of UK residential care homes and growing number of high-quality tenants, who offer an essential regulated service and provide good care, continue to deliver investors secure inflation-linked and attractive income for the long-term with the potential for income and capital growth," said Chair Rupert Barclay.
Shares in Impact Healthcare REIT were up 0.9% at 109.00 pence on Friday in London.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Impact Health (IHR)