The latest update is out from Assura plc ( (GB:AGR) ).
Assura plc has reached a significant milestone by disposing of seven assets for £64 million, contributing to a total of £200 million in asset sales since the start of the financial year. This move is part of Assura’s strategy to reduce acquisition debt from a £500 million private hospital portfolio acquired in 2024. The disposals enhance earnings by repaying credit facilities and reinforce the company’s strong portfolio quality and cash flow resilience. Assura’s CEO highlighted that these actions align with their goals to lower net debt to EBITDA and loan-to-value ratios, enhancing their position as a leader in the healthcare REIT market.
More about Assura plc
Assura plc is the UK’s leading diversified healthcare Real Estate Investment Trust (REIT), focusing on healthcare properties. The company is involved in the acquisition, development, and management of healthcare facilities, with a market focus on providing attractive investment opportunities in the healthcare sector.
YTD Price Performance: 8.82%
Average Trading Volume: 9,193,209
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £1.36B
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