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Target Healthcare REIT Reports Strong Annual Growth

Target Healthcare REIT Reports Strong Annual Growth

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

Confident Investing Starts Here:

Target Healthcare REIT PLC announced positive annual results for 2024, with an 11.8% NAV total return and a 5.9% increase in EPRA NTA per share, signaling strong portfolio performance in the UK care homes sector. Despite a decrease in annual dividend compared to 2023, the company intends to raise dividends next year, reflecting confidence in their earnings growth and stable asset valuations. The company’s modern, purpose-built care homes portfolio has benefited from demographic trends and shows robust rental income potential, with all rents collected and a notable increase in like-for-like rental growth.

For further insights into GB:THRL stock, check out TipRanks’ Stock Analysis page.

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