Target Healthcare REIT (GB:THRL) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Target Healthcare REIT has successfully sold four of its UK care homes for £44.5 million, a sale that not only exceeds the portfolio’s previous carrying value but also lowers the company’s net loan-to-value ratio by 3.8%. The move is strategic, reducing geographic concentration in Yorkshire and the Humber, and increasing the portfolio’s average unexpired lease term to 26.3 years. This transaction highlights Target Healthcare’s adept asset management, achieving an annualized return of over 7% on these properties.
For further insights into GB:THRL stock, check out TipRanks’ Stock Analysis page.
