Assura PLC - Warrington-based primary care property investor and developer - Raises GBP182 million from placing of 267.6 million shares at 68.0 pence each. Assura says it has a short-term pipeline of acquisition opportunities worth GBP193 million.
Earlier Thursday, Assura reported results for the half year that ended September 30. EPRA earnings rise by 7% to GBP40.9 million. EPRA net tangible assets rise 2.1% to 58.4 pence per share from 57.2p on March 31. The portfolio value increases by 5.8% to GBP2.60 billion from GBP2.45 billion back in March. The portfolio net initial yield stays steady at 4.56%. Assura declares a quarterly dividend 0.74p, up 4.2% from 0.71p in March.
Current stock price: 69.85 pence, down 4.4% on Thursday
Year-to-date change: down 9.0%
By Eric Cunha; ericcunha@alliancenews.com
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Assura (AGR)