An update from Primary Health Properties plc R.E.I.T ( (GB:PHP) ) is now available.
Primary Health Properties PLC reported solid financial results for 2024, with a 2.9% increase in adjusted earnings per share and a 3% growth in dividends. The company saw positive valuation growth in the second half of the year, marking a stable outlook for its property portfolio. PHP’s acquisition strategy, including a recent purchase in Ireland, is expected to drive future growth, supported by government commitments to primary and community care. The company maintains strong liquidity and has refinanced its debt, positioning itself well for continued dividend growth and sector-leading performance.
More about Primary Health Properties plc R.E.I.T
Primary Health Properties PLC (PHP) is a leading investor in modern primary health facilities in the UK and Ireland. The company focuses on acquiring and managing properties that provide healthcare services, with a significant portion of its rent roll funded by government bodies. PHP is committed to expanding its portfolio in both the UK and Irish markets, driven by demographic trends and political support for primary care.
YTD Price Performance: 0.73%
Average Trading Volume: 3,106,371
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £1.23B
Learn more about PHP stock on TipRanks’ Stock Analysis page.