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17-Sep-2019 08:26 AM

Target Healthcare REIT sees 1.5% dividend increase in 2020 financial year

Target Healthcare REIT posted an improved full-year performance, owing to an uplift in the value of its property portfolio. The company's net asset value total return for the 12 months through June was 8.1%. IFRS profit for the year rose 8.2% to &p
05-Mar-2019 09:20 AM

Target Healthcare REIT lifts dividend 2% as rental income boosts profit

Target Healthcare REIT raised its interim dividend by 2% after higher rental incomes and property valuations boosted profits. The company declared a dividend for the six months through December of 3.2895p per share. Pre-tax profit rose 39% to £8.7
27-Jul-2018 09:46 AM

Target Healthcare REIT net asset value rises 2.3% in June quarter

Care home investor Target Healthcare REIT boosted its net asset value by 2.3% in the June quarter, amid a 2.0% increase in the like-for-like value of its portfolio. At June 30, the company's portfolio was worth £385.5m, comprising 55 assets, d
29-Jun-2018 08:35 AM

Target Healthcare acquires luxury care homes for £37m

UK care home investor Target Healthcare said it had acquired two luxury properties in Cirencester and Camberley for a combined £37m. Both assets were let to subsidiaries of Aura Care Living, which would become the group's 21st tenant. The ass
25-Apr-2018 10:01 AM

Target Healthcare third-quarter NAV up 2.1%

Target Healthcare said its underlying net asset value increased by 2.1% in the March quarter compared to the December quarter. The company declared a third interim dividend for the year ending 30 June of 1.6125p per share. 'The existing portfolio c
26-Mar-2018 09:38 AM

Target Healthcare REIT acquires UK care home developments for £15.6m

Target Healthcare REIT said it had agreed to acquire and forward fund two new care homes, located near Shrewsbury, Shropshire and Preston, Lancashire, for a cost of around £15.6m. The completed care homes would be let to Rotherwood Healthcare and L
19-Jan-2018 07:54 AM

Target Healthcare REIT declares quarterly dividend

Target Healthcare REIT said its net asset value per share rose by 2.6% in the December quarter, as it grew rental income from its care-home portfolio. Portfolio passing rent increased by 10.9% during the quarter, 10.2% from additions and asset management
04-Oct-2017 08:06 AM

Target Healthcare REIT profit jumps

Target Healthcare REIT posted a 63% rise in full-year profit after boosting its rental income. Net profit rose to £19.1m, from £11.7m. "Target Healthcare REIT has continued to assemble a portfolio of UK care homes capable of delivering
11-Nov-2016 07:48 AM

Target Healthcare appoints director

Target Healthcare REIT Limited said Ian Webster has been appointed as a non-executive Director of the Company with immediate effect. Story provided by
24-Jun-2016 07:43 AM

Target Healthcare acquires care home for £7.9m

Target Healthcare (THRL) and its subsidiaries completed the acquisition of a care home in Cheltenham, Gloucestershire for approximately £7.9 million including acquisition costs. The home was completed in 2010 and the striking modern design was awar
15-Apr-2016 12:21 PM

Target Healthcare declares divi

Target Healthcare REIT has declared its third interim dividend payment in respect of the period from 1 January 2016 to 31 March 2016 of 1.545 pence per share. The Interim Property Income Distribution (PID) element is 0.541 pence per share and the Interim
08-Oct-2015 07:24 AM

THRL completes buy of Alexandra Court Care Centre

Target Healthcare REIT Limited has completed the acquisition of the Alexandra Court Care Centre in Kingston-Upon-Hull for about £6.2m, including acquisitions costs. Completion of the transaction was contingent upon registration of the incoming tenant, A
03-Nov-2014 07:27 AM

Target Healthcare acquires three care homes

Target Healthcare REIT Limited has acquired three modern, purpose-built care homes in Yorkshire and Lancashire, for about £13.3m, including acquisition costs. The homes are in: Fleetwood, Lancashire; Rastrick, West Yorkshire; and Sutton-in-Craven, North
08-Oct-2014 01:42 PM

Target Healthcare REIT posts operating profit

Target Healthcare REIT posts an operating profit of £0.6m for the period from incorporation on 22 January 2013 to the end of June this year. As at the period end, the company had raised £95.7m from a combination of institutional investors, wealth mana
19-May-2014 10:37 AM

Target Healthcare AGM resolutions pass

Target Healthcare REIT Limited (LON:THRL) announces that, at the Annual General Meeting held on 15 May 2014, all 6 resolutions proposed were duly passed. At 10:37am: (LON:THRL) Target Healthcare Reit Ltd share price was 0p at 102.25p Story provided b
28-Feb-2014 09:19 AM

Target Healthcare looks to add to its portfolio

Target Healthcare REIT, a specialist investor in UK care homes, which listed last March, has since then raised £95.7m gross from a combination of institutional investors, wealth managers and private investors. Malcolm Naish, chairman of the Company, sai
13-Nov-2013 07:52 AM

Target Healthcare says outlook remains positive

Target Healthcare said the outlook for both and the sector remains positive, even if the supply of quality stock being openly marketed remains limited. "In this regard, the Company's investment adviser maintains a good pipeline of additional ac
11-Mar-2013 07:46 AM

Target Healthcare REIT buys portfolio for £14.2m

Target Healthcare REIT said it had bought a portfolio of three 2012-built UK care homes for a total of £14.2 million. The homes are in Dundee, Arbroath and Huntly, and contain, respectively, 66, 65, and 60 single, en suite, bedrooms. Story provided
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