Target Healthcare REIT Reports Growth and Dividend

Target Healthcare REIT (GB:THRL) has released an update.

Target Healthcare REIT, a UK-based investor in care homes, has reported a 2.2% increase in EPRA Net Tangible Assets per share to 109.0 pence, along with a 3.6% NAV total return for the quarter ending March 31, 2024. The company’s portfolio value rose to £934.8 million, driven by rental growth and yield tightening, and they declared a third interim dividend of 1.428 pence per share. Target Healthcare maintains a robust rent collection rate of over 98% and a weighted average debt term of 5.5 years, signaling steady performance and financial health.

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