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  3. Target Healthc. Share Price
  4. Target Healthc. Share Regulatory News
  5. Edison issues update on Target Healthcare REIT

Pin to quick picksTarget Healthc. Regulatory News (THRL)

Target Healthc. Information

Share Price Information for Target Healthc. (THRL)

London Stock Exchange
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Share Price: 81.30
Bid: 81.60
Ask: 81.80
Change: 0.30 (0.37%)
Spread: 0.20 (0.245%)
Open: 81.50
High: 82.60
Low: 81.20
Prev. Close: 81.00
THRL Live PriceLast checked at -
Target Healthcare REIT is an Investment Trust

To provide ordinary shareholders with an attractive level of income with the potential for capital and income growth from investing in best-in-class care home assets with attractive financial characteristics.

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Edison issues update on Target Healthcare REIT

11 Aug 2023 08:09

RNS Number : 0744J
Target Healthcare REIT PLC
11 August 2023
 

London, UK, 11 August 2023

 

Edison issues update on Target Healthcare REIT (THRL)

Target Healthcare REIT's Q423 shows a second consecutive quarter of NAV growth, as property yields stabilise and indexed rent uplifts drive valuation growth. Rental growth and near-full rent collection are supporting earnings and delivering full dividend cover. Audited full year results will be published in early October.

 

The current, rebased annualised rate of quarterly DPS through H223 (5.6p), fully covered on a run-rate basis, reflects an attractive prospective yield of 7.7% and is a base from which to grow. We forecast 3.6% growth in FY24. Meanwhile, the discount to end-FY23 NAV is c 30%.

 

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

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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26th Apr 20177:00 amRNSCorporate Update, Net Asset Value & Dividend
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22nd Mar 20174:48 pmRNSPublication of Supplementary Prospectus
22nd Mar 20178:54 amEQSEdison Investment Research Limited: Edison issues initiation on F&C Managed Portfolio Trust (FMPI; FMPG)
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