Target Healthcare REIT PLC - Care home investor - Acquires newly-developed care home in Bicester, Oxfordshire for GBP15 million. Asset has 66 beds and is let to Ideal Carehomes. Target has collected 96% of rent due on June 24 and May 28. As of July 2, five of its 71 operational care homes had suspected Covid-19 cases, representing 15 of 4,925 beds, down from a peak of 162 beds back in April.
Current stock price: 109.40 pence
Year-to-date change: down 6.1%
By Eric Cunha; ericcunha@alliancenews.com
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Target Healthc. (THRL)