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26 Oct 2023 13:20
Edison Investment Research Limited Edison issues update on Impact Healthcare REIT (IHR): On track to meet dividend target 26-Oct-2023 / 13:20 GMT/BST The issuer is solely responsible for the content of this announcement.
London, UK, 26 October 2023
Edison issues update on Impact Healthcare REIT (IHR): On track to meet dividend target Impact Healthcare REIT’s Q323 total return was 2.6%, or 8.5% over the first nine months of the year (9M23). With rent cover continuing to strengthen, rent collection back to 100% and 98% of drawn debt fixed or hedged, the company is well on track to meet its FY23 DPS target of 6.77p (+3.5%), fully covered by adjusted ‘cash’ earnings, with a yield of 8.6%. The FY23 DPS target represents an attractive yield of 8.6% and we forecast continued growth in adjusted ‘cash’ earnings. Meanwhile, the shares trade at a c 30% discount to EPRA NTA per share. Click here to view the full report.
All reports published by Edison are available to download free of charge from its website www.edisongroup.com About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached – across institutions, family offices, wealth managers and retail investors – Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings. Having been the first company in-market 17 years ago, Edison has more than 100 employees and covers every economic sector. Headquartered in London, Edison also has offices in New York, Sydney and Wellington. Edison is authorised and regulated by the Financial Conduct Authority. Edison is not an adviser or broker-dealer and does not provide investment advice. Edison’s reports are not solicitations to buy or sell any securities. For more information, please contact Edison: Martyn King +44 (0)20 3077 5700 financials@edisongroup.com Learn more at www.edisongroup.com and connect with Edison on: LinkedIn www.linkedin.com/company/edison-group-/ Twitter www.twitter.com/Edison_Inv_Res YouTube www.youtube.com/edisonitv Dissemination of a CORPORATE NEWS, transmitted by EQS Group.The issuer is solely responsible for the content of this announcement. |
1758455 26-Oct-2023
corporate announcement transmitted by EQS Group AG. The issuer is solely responsible for the content of this announcement.