Impact Healthcare REIT
Company Notes
High-quality portfolio of UK care homes
On 8 September Impact Healthcare REIT* published its interim results for the six months to 30 June 2021. Over the period the fund’s NAV per share increased by 1.0% from 109.58p to 110.66p, while the NAV total return was +3.9%. 100% of rent due for the half-year was collected, with no changes to any lease terms or payment schedules, while the underlying tenants are seeing improving rent cover following an initial fall in occupancy as a result of the pandemic.
Adjusted earnings per share were 3.26p for the interim period, up 14% from 2.86p in the previous equivalent period. Dividends totalling 3.21p per share have been declared in respect of the period, up 1.9% from the 3.15p per share paid for the six months to 30 June 2020 and in line with the target of 6.41p per share for the year to 31 December 2021. The dividend for the half-year was therefore 102% covered by adjusted earnings. The fund has a progressive dividend policy with a target to grow its annual aggregate dividend in line with the inflation-linked rental uplifts received in the prior financial year. The current full-year target represents a 1.9% increase from the previous year.
To see this content in full, please log in to your account.
Client log in
Please note that this website is part of Winterflood's research service and therefore only available to MiFID II compliant research clients. For further information please e-mail research@winterflood.com