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Target Healthcare REIT PLC - care homes property investor - In the year ended June 30, net asset value total return is 8.1%, compared to 8.8% the previous year. Valuation uplifts reflect inflation-linked leases, it says. EPRA net tangible assets per share increases 1.7% year-on-year to 112.3 pence at June 30, from 110.4p. NAV per share rises to 112.7p at June 30 from 110.5p a year before. Dividends edge up to 6.76p from 6.72p the year prior.
‘Other headwinds have emerged in 2022 which are potentially more long-lasting and impactful, though we feel our business model and strategy provides insulation. Matters of concern include: energy and food source supplies; inflation; monetary policy tightening by Central Banks and fast-rising interest rates; the cost of living crisis, and general fears of a significant economic downturn/recession. The repricing of financial assets is likely to arise with commercial real estate tipped by many to bear the brunt, as reflected in the sector's recent share price movements,’ says Chair Malcolm Naish.
Current stock price: 78.30, down 5.9% on Wednesday
12-month price: down 32%
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