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Impact Healthcare REIT PLC on Wednesday announced positive quarterly performance driven by rising occupancy and fees. The London-based owner of care homes and other healthcare properties in the UK said net asset value per share rose 4.2% to 117.31 pence at March 31 from 112.60p a year prior. The dividend target for the full year stands at 6.95p per share, up 2.7% from 6.77p. Independent valuations concluded the company’s portfolio is now worth £660.8 million up from £542.1 million due to acquisitions and rising property prices. ‘Rent reviews in the quarter, all inflation-linked, raised rents by 4% for those properties. Tenant performance continued to improve driven by continued stable bed occupancy and rising fees,’ the company said. Furthermore, net initial yield marginally declined to 6.9% from 7.0%. Impact Healthcare shares were down 0.2% to 88.40 pence each in London on Wednesday noon. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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