Target Healthcare REIT (GB:THRL) has released an update.
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Target Healthcare REIT has reported a 1.6% increase in EPRA Net Tangible Assets per share, a total NAV return of 2.8% for the quarter, and a reduced net LTV to 22.5%. The disposal of four older care homes for £44.5 million has improved portfolio quality and longevity, while the company also focuses on investing in modern, purpose-built care homes. The firm declared a dividend of 1.428 pence per share, fully covered by adjusted EPRA earnings per share of 1.51 pence.
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