PRESS RELEASE

from Edison Investment Research Limited (LON:KEFI)

Edison issues update on Impact Healthcare REIT (IHR): Strong cash flow underpins further DPS growth

Edison Investment Research Limited
Edison issues update on Impact Healthcare REIT (IHR): Strong cash flow underpins further DPS growth

31-Jan-2024 / 09:15 GMT/BST
The issuer is solely responsible for the content of this announcement.


 

London, UK, 31 January 2024

 

Edison issues update on Impact Healthcare REIT (IHR): Strong cash flow underpins further DPS growth

Impact Healthcare REIT’s Q423 update shows a continued strengthening in operational and financial tenant performance, reflected in a record level of rent cover and 100% rent collection. With cash flow remaining strong, we expect the FY23 DPS of 6.77p (+3.5%) was fully covered by adjusted ‘cash’ earnings and the FY24 DPS target has been set at 6.95p (+2.7%). We will review our forecasts with the full year results in late March.

The FY24 DPS target represents an attractive yield of 8% and we forecast this to be fully covered by growth in adjusted ‘cash’ earnings. Meanwhile, the shares trade at a 24% discount to the last published (September) EPRA NTA per share.

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1827103  31-Jan-2024 

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