on Edison Investment Research Limited (LON:KEFI)
Edison Issues Update on Target Healthcare REIT: Q3 Shows Continued Positive Momentum
London, UK, 20 May 2024 - Target Healthcare REIT's third-quarter update shows a continued positive NAV total return for the fifth consecutive quarter. Indexed rent reviews have driven increased earnings and property values. Tenant profitability has strengthened, with high levels of rent cover and rent collection.
Dividends remain well covered by adjusted earnings, with expectations for further growth in dividends per share (DPS). The FY24 DPS target of 5.71p offers an attractive yield of 7%, and shares trade at a 25% discount to the March 2024 EPRA NTA per share.
R. E.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Edison Investment Research Limited news