Primary Health Properties Reports Strong Performance with Organic Growth
Primary Health Properties (LSE:PHP) has demonstrated strong performance in the first half of FY26, driven by organic rental growth and cost savings from its merger with Assura. Shore Capital highlighted a resilient business model supported by demographic trends and political backing for healthcare infrastructure investment. The company reported an 9% increase in earnings per share to 3.8p and achieved £4 million in additional income through rent reviews, exceeding the targeted annualised uplift of 3%. The interim dividend rose 2.8%, supporting a forecasted full-year distribution of 7.3p. PHP's shares trade at 97p, slightly below its EPRA net tangible asset value. PHP has achieved £9 million in cost savings from the Assura merger and plans to focus on debt reduction through disposals and new financing facilities.
Topics: Dividend Yield Healthcare Infrastructure Mergers & Acquisitions Real Estate