Edison issues outlook on Target Healthcare REIT (THRL) 109 0 Kommentare DPS growth from a sustainable base

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Target Healthcare REIT increased quarterly rate of DPS by 2% from Q124.
Rent collection restored, expect rental growth and fixed debt costs to support dividend growth.
FY24 DPS target of 5.71p represents an attractive yield of 7.1%.

Edison Investment Research Limited
Edison issues outlook on Target Healthcare REIT (THRL): DPS growth from a sustainable base

07-Nov-2023 / 10:15 GMT/BST
The issuer is solely responsible for the content of this announcement.

London, UK, 7 November 2023

Edison issues outlook on Target Healthcare REIT (THRL): DPS growth from a sustainable base

Target Healthcare REIT’s mid-year rebasing of DPS sought to establish a base for growth on a fully covered basis. With FY23 results in line with previous indications, and progress continuing, the company has increased the quarterly rate of DPS by 2% from Q124. With rent collection restored, we expect rental growth, development completions and fixed debt costs to support continued, progressive, fully covered dividend growth.

The 5.71p FY24 DPS target represents an attractive yield of 7.1% and we expect further growth on a fully covered basis. Property values have recently stabilised, yet the discount to the Q124 NAV per share of 105.6p is 24%.

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The Target Healthcare REIT Stock at the time of publication of the news with a fall of -0,09 % to 0,810GBP on London stock exchange (07. November 2023, 11:04 Uhr).