Associated equity: Target Healthcare REIT
Target Healthcare REIT invests in modern, purpose-built residential care homes in the UK let on long leases to high-quality care providers. It selects assets according to local demographics and intends to pay increasing dividends underpinned by structural growth in demand for care.
Target Healthcare REIT — 4 videos in collection
In this interview, Kenneth MacKenzie, CEO of Target Fund Managers, talks about the latest quarterly update from Target Healthcare REIT and the outlook. The three months to 30 June 2026 (Q426) was another strong period for financial performance and rounded off a very successful FY26 year. Q4 showed the familiar pattern of inflation-linked rental growth and active asset management consistently driving both earnings and capital growth, with further progress on the redeployment of the proceeds of last year’s sale of nine homes. FY26 accounting total return was c 12%, taking the three-year return to c 34%, and the shares have performed well. Our update note can be found here. Kenneth discusses both the short-term financial, operational and strategic progress and the longer-term structural tailwinds for the sector that underpin the company’s steady and consistent performance.