Primary Health Properties PLC Edison issues outlook on Primary Health Properties
02 March 2018 - 8:56PM
RNS Non-Regulatory
TIDMPHP
Primary Health Properties PLC
02 March 2018
London, UK, 2 March 2018
Edison issues outlook on Primary Health Properties (PHP)
2017 saw continuing growth in assets, earnings, NAV, dividends
and dividend cover. EPRA NAV total return for the year was 16.4%.
The prospects for further growth are good, with a strong pipeline
of investment opportunities, a reduced LTV and average cost of
debt, and substantial undrawn borrowing facilities. While yield
tightening has benefited capital growth in recent years, it also
increases the cost of acquisitions, and indications of accelerating
rent growth are a positive development.
We are forecasting a fully covered FY18 prospective 4.7%
dividend yield. Revenues are supported by secure, long-term income
in a market that is much less sensitive to economic cycles than
other commercial real estate subsectors, and therefore shows less
volatility in occupancy, rents and valuation.
Click here to view the full report.
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For more information please contact Edison:
Martyn King, +44 (0)20 3077 5745
Andrew Mitchell, +44 (0)20 3681 2500
financials@edisongroup.com
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