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Hardman & Co Research: Primary Health Properties (PHP): High security and accelerating dividend growth

Hardman & Co Research

05-Aug-2019 / 14:12 GMT/BST


Hardman & Co Research: High security and accelerating dividend growth

90% of PHP's income is backed by the UK or Republic of Ireland (RoI) governments. Occupancy consistently exceeds 99%. We are confident investors will continue to seek out REITs with strong asset-class focus, particularly categories that provide security of rising income. PHP achieves all this and its dividend per share growth rate is accelerating as a result. In a total contrast to the wider real estate market, rent reviews on PHP assets are accelerating upwards. PHP's growth avenues are expanding. The March 2019 merger with MedicX Fund - as well as a £4m p.a. synergy efficiency and additional investment assets of more than £800m - has added complementary routes to purchase new assets.

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https://www.hardmanandco.com/research/corporate-research/high-security-and-accelerating-dividend-growth/

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mf@hardmanandco.com

 

 

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