Primary Health Properties’ (PHP’s) H124 results show continuing earnings and dividend growth, driven by rental income and underpinned by a low cost ratio and significantly fixed borrowing costs. With open market rental growth, covering two-thirds of rent roll, accelerating further, we forecast this to continue through FY26, which would mark 30 years of unbroken dividend growth.
24 Jul 2024
Primary Health Properties - Continuing dividend growth
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Primary Health Properties - Continuing dividend growth
Primary Health Properties PLC (PHP:LON) | 104 0.4 0.4% | Mkt Cap: 2,705m
- Published:
24 Jul 2024 -
Author:
Martyn King -
Pages:
8 -
Primary Health Properties’ (PHP’s) H124 results show continuing earnings and dividend growth, driven by rental income and underpinned by a low cost ratio and significantly fixed borrowing costs. With open market rental growth, covering two-thirds of rent roll, accelerating further, we forecast this to continue through FY26, which would mark 30 years of unbroken dividend growth.