Target Healthcare REIT — Income and capital growth continuing
06/02/2025
Indexed rent reviews continue to drive earnings growth and property valuation uplifts at Target Healthcare REIT. Meanwhile, tenant profitability remains strong, reflected in a continuing high level of rent cover and rent collection. Quarterly dividends are 3% above the prior year with a good level of cover by adjusted ‘cash’ earnings and the discount to NAV provides investors with the opportunity to benefit from any narrowing, for which further interest rate reductions should be supportive.
Target Healthcare REIT — Rental income continuing to drive returns
30/10/2024
Target Healthcare REIT’s Q125 update shows indexed rent reviews driving increased earnings and property values. Tenant profitability remains strong, reflected in high levels of rent cover and rent collection. The rate of quarterly dividends has increased 3% from the start of FY25 and is well covered by adjusted earnings.
Target Healthcare REIT — Q4 rounds off a strong year of performance
07/08/2024
Target Healthcare REIT has released its Q424 trading update. We expect the full year results to be published in late September. Income and capital values are benefiting from inflation-linked rental growth, reflected in fully covered dividends and a sixth consecutive quarter of NAV growth and positive total returns. Q424 NAV total return was 2.8%, taking the FY24 total to more than 11%.