PHP reported final results 16th February. PHP has paid 20 years’ unbroken dividend increases since first listed. Assets are all on long term leases, mostly upward only rents: a REIT with sustainable growth. At a relatively mature stage in the market cycle, this offers growth with resilience. With a successful £150m fund raise under its belt, visibility of steady expansion and re-gearing imparts upward momentum to EPS. We thus see scope for continuing further dividend growth. 2016
02 Mar 2017
Clear road, full tank, strong dividend prospects
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Clear road, full tank, strong dividend prospects
Primary Health Properties PLC (PHP:LON) | 91.9 1.3 1.6% | Mkt Cap: 1,229m
- Published:
02 Mar 2017 -
Author:
Mike Foster -
Pages:
20
PHP reported final results 16th February. PHP has paid 20 years’ unbroken dividend increases since first listed. Assets are all on long term leases, mostly upward only rents: a REIT with sustainable growth. At a relatively mature stage in the market cycle, this offers growth with resilience. With a successful £150m fund raise under its belt, visibility of steady expansion and re-gearing imparts upward momentum to EPS. We thus see scope for continuing further dividend growth. 2016