Assura has posted a 115% increase in pretax profit to £35.4m from last year.
The primary care property investor and developer paid £65m for 36 properties during the period, increasing its total rent roll by 7.2% to £56m from March 2015.
The company has raised £300m to buy and develop £126m of assets as well as repay £181m debt.
Assura also recorded a 26.6% increase in net rental income for the six months to £28.1m and EPRA NAV growth of 5.5% per share to 46.6p.
Chief executive Graham Roberts said Assura is well placed to meet the “immediate” demand for primary care services for the ageing population.
He said: “has been years of underinvestment in the primary care market, and in a recent survey 40% of GPs considered their premises to be inadequate for their services. The need for increased investment is also growing fast; in 25 years’ time the population of those over 75 years old is set to have increased by 90%, and GPs will play a critical role in managing the health needs of this ageing population.”
