Edison issues update on Impact Healthcare REIT (IHR) 129 0 Kommentare Strong cash flow underpins further DPS growth

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Impact Healthcare REIT's Q423 update shows strong cash flow and rent collection.
FY23 DPS of 6.77p (+3.5%) fully covered by adjusted 'cash' earnings.
FY24 DPS target set at 6.95p (+2.7%), representing an 8% yield.

Edison Investment Research Limited
Edison issues update on Impact Healthcare REIT (IHR): Strong cash flow underpins further DPS growth

31-Jan-2024 / 09:15 GMT/BST
The issuer is solely responsible for the content of this announcement.

London, UK, 31 January 2024

Edison issues update on Impact Healthcare REIT (IHR): Strong cash flow underpins further DPS growth

Impact Healthcare REIT’s Q423 update shows a continued strengthening in operational and financial tenant performance, reflected in a record level of rent cover and 100% rent collection. With cash flow remaining strong, we expect the FY23 DPS of 6.77p (+3.5%) was fully covered by adjusted ‘cash’ earnings and the FY24 DPS target has been set at 6.95p (+2.7%). We will review our forecasts with the full year results in late March.

The FY24 DPS target represents an attractive yield of 8% and we forecast this to be fully covered by growth in adjusted ‘cash’ earnings. Meanwhile, the shares trade at a 24% discount to the last published (September) EPRA NTA per share.

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1827103 31-Jan-2024

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The Impact Healthcare REIT Stock at the time of publication of the news with a fall of -0,58 % to 0,862GBP on London stock exchange (31. Januar 2024, 10:00 Uhr).