Edison issues update on Target Healthcare REIT (THRL) 101 0 Kommentare Positive momentum continued in Q3

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Target Healthcare REIT Q3 update
Positive momentum with 5th consecutive quarter of positive NAV total return
Expect further DPS growth and attractive yield of 7%

Edison Investment Research Limited
Edison issues update on Target Healthcare REIT (THRL): Positive momentum continued in Q3

20-May-2024 / 12:09 GMT/BST
The issuer is solely responsible for the content of this announcement.

London, UK, 20 Mai 2024

Edison issues update on Target Healthcare REIT (THRL): Positive momentum continued in Q3

Target Healthcare REIT’s Q324 update shows a fifth successive quarter of positive NAV total return, with indexed rent reviews driving increased earnings and property values. Tenant profitability continues to strengthen, reflected in a high level of rent cover and rent collection. Dividends are well covered by adjusted earnings and we expect further DPS growth.

The 5.71p FY24 DPS target represents an attractive yield of 7% and we expect further growth on a fully covered basis. Meanwhile, the shares trade at a 25% discount to the March 2024 EPRA NTA per share.

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End of Announcement - EQS News Service

1906917 20-May-2024

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The Target Healthcare REIT Stock at the time of publication of the news with a raise of +0,77 % to 0,817GBP on London stock exchange (20. Mai 2024, 12:51 Uhr).