Edison issues report on Primary Health Properties (PHP)

Summary by AI BETAClose X

Primary Health Properties (PHP) reported strong H126 results with adjusted EPS up 9% to 3.8p, exceeding the dividend per share of 3.65p and marking its 30th consecutive year of dividend growth. The company has achieved 92% of its targeted £9m cost synergies from the Assura integration and is progressing well on reducing post-transaction leverage. Notably, PHP has entered into exclusive terms for a 50/50 private hospital joint venture with a global institutional investor, a development that could significantly impact its future growth and financial structure.

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