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IN BRIEF: Impact Healthcare REIT annual profit rises on rent growth

ALN

Impact Healthcare REIT PLC - real estate investment trust focused on healthcare properties - As at December 31, net asset value per share rises 2.6% at 112.43 pence from 109.56p the same date a year before, while the company's portfolio value increases 19% at £496.9 million from £418.8 million.

For 2021, pretax profit rises 11% at £32.0 million from £28.8 million, as Impact Healthcare's contracted rent roll increases 23% £38.0 million from £30.9 million.

Declares dividend of 6.41 pence, up 1.9% from 6.29p the prior year.

‘We have deliberately fostered our resilience by carefully selecting tenants, putting in place leases with robust rent cover and inflation linkages and maintaining a prudent balance sheet. Our tenants have provided high-quality care during the pandemic and in turn we have received 100% of the rent due. This has underpinned a fully covered dividend for 2021. As we emerge from the pandemic, the long-term investment case for care homes is unchanged. Occupancy is expected to continue to recover while the support from government grant funding falls away,’ says Chair Rupert Barclay.

Current stock price: 117.00 pence

12-month change: up 4.3%

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