Edison issues update on Impact Healthcare REIT (IHR): On track to meet dividend target

Edison Investment Research Limited
Edison issues update on Impact Healthcare REIT (IHR): On track to meet dividend target

26-Oct-2023 / 13:20 GMT/BST
The issuer is solely responsible for the content of this announcement.


 

London, UK, 26 October 2023

 

Edison issues update on Impact Healthcare REIT (IHR): On track to meet dividend target

Impact Healthcare REIT’s Q323 total return was 2.6%, or 8.5% over the first nine months of the year (9M23). With rent cover continuing to strengthen, rent collection back to 100% and 98% of drawn debt fixed or hedged, the company is well on track to meet its FY23 DPS target of 6.77p (+3.5%), fully covered by adjusted ‘cash’ earnings, with a yield of 8.6%.

The FY23 DPS target represents an attractive yield of 8.6% and we forecast continued growth in adjusted ‘cash’ earnings. Meanwhile, the shares trade at a c 30% discount to EPRA NTA per share. 


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About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached – across institutions, family offices, wealth managers and retail investors – Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings.

Having been the first company in-market 17 years ago, Edison has more than 100 employees and covers every economic sector. Headquartered in London, Edison also has offices in New York, Sydney and Wellington.

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Edison is not an adviser or broker-dealer and does not provide investment advice. Edison’s reports are not solicitations to buy or sell any securities.

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Martyn King +44 (0)20 3077 5700 financials@edisongroup.com

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The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

1758455  26-Oct-2023 

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