During the three months to 31 December 2018 (Q219), Target made good progress with deploying available capital resources, including the £50m gross proceeds from the November share placement. The portfolio also continues to perform well, delivering a 2.3% quarterly NAV total return (9.5% annualised). The attractive dividend yield is backed by very long leases, mostly RPI-linked, and supported by careful asset and operator selection. We continue to forecast a fully covered dividend in FY2
07 Feb 2019
Target Healthcare REIT - Growing portfolio performing well
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Target Healthcare REIT - Growing portfolio performing well
Target Healthcare REIT PLC (THRL:LON) | 75.9 0.2 0.4% | Mkt Cap: 470.8m
- Published:
07 Feb 2019 -
Author:
Martyn King - Pages:
During the three months to 31 December 2018 (Q219), Target made good progress with deploying available capital resources, including the £50m gross proceeds from the November share placement. The portfolio also continues to perform well, delivering a 2.3% quarterly NAV total return (9.5% annualised). The attractive dividend yield is backed by very long leases, mostly RPI-linked, and supported by careful asset and operator selection. We continue to forecast a fully covered dividend in FY2