PRESS RELEASE

from Edison Investment Research Limited (LON:KEFI)

Edison issues update on Impact Healthcare REIT (IHR): On track to meet dividend target

Edison Investment Research Limited
Edison issues update on Impact Healthcare REIT (IHR): On track to meet dividend target

26-Oct-2023 / 13:20 GMT/BST
The issuer is solely responsible for the content of this announcement.


 

London, UK, 26 October 2023

 

Edison issues update on Impact Healthcare REIT (IHR): On track to meet dividend target

Impact Healthcare REIT’s Q323 total return was 2.6%, or 8.5% over the first nine months of the year (9M23). With rent cover continuing to strengthen, rent collection back to 100% and 98% of drawn debt fixed or hedged, the company is well on track to meet its FY23 DPS target of 6.77p (+3.5%), fully covered by adjusted ‘cash’ earnings, with a yield of 8.6%.

The FY23 DPS target represents an attractive yield of 8.6% and we forecast continued growth in adjusted ‘cash’ earnings. Meanwhile, the shares trade at a c 30% discount to EPRA NTA per share. 


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The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

1758455  26-Oct-2023 

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