Primary Health Properties plc R.E.I.T ( (GB:PHP) ) just unveiled an announcement.
Primary Health Properties PLC has expanded its Irish portfolio by acquiring a state-of-the-art Health & Wellbeing Clinic in Cork, Ireland, for €22 million, achieving an earnings yield of 7.1%. The clinic, leased to Laya Healthcare, offers advanced medical technology and urgent care services, reinforcing PHP’s commitment to sustainable healthcare infrastructure. This acquisition highlights PHP’s strategic growth in the UK and Ireland, supported by strong local relationships and a robust pipeline of government-backed property opportunities.
More about Primary Health Properties plc R.E.I.T
Primary Health Properties PLC (PHP) is a leading investor in modern primary healthcare properties across the UK and Ireland. Since its listing on the London Stock Exchange in 1998, PHP has consistently delivered progressive returns for shareholders through rental growth and capital appreciation. The company manages a £2.8 billion portfolio of 517 healthcare assets, including 22 in Ireland, and is positioned for growth in the Irish market following its acquisition of Axis Technical Services. PHP’s long-term leases are largely backed by government entities, providing unique security and addressing the increasing pressure on healthcare systems due to growing and ageing populations.
YTD Price Performance: 0.73%
Average Trading Volume: 3,106,371
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £1.23B
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