Edison issues update on Target Healthcare REIT (THRL)

Rent cover at a high and fully covered DPS

Edison Investment Research Limited Edison issues update on Target Healthcare REIT (THRL): Rent cover at a high and fully covered DPS 06-Feb-2024 / 14:00 GMT/BST The issuer is solely responsible for the content of this announcement.

London, UK, 6 Februar 2024

 

Edison issues update on Target Healthcare REIT (THRL): Rent cover at a high and fully covered DPS

Target Healthcare REIT’s Q224 update shows indexed rent reviews driving increased earnings and property values. Tenant profitability continues to strengthen, reflected in a new high level of rent cover and a continuing high level of rent collection. Quarterly DPS, increased by 2% at the start of FY24, is now well covered by adjusted earnings.

The 5.71p FY24 DPS target represents an attractive yield of 7% and we expect further growth on a fully covered basis. Meanwhile, the shares trade at a 24% discount to the December EPRA NTA per share.

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Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

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End of Announcement - EQS News Service

1831611  06-Feb-2024 

The Target Healthcare REIT Stock at the time of publication of the news with a raise of +0,83 % to 0,822GBP on London stock exchange (06. Februar 2024, 14:49 Uhr).