Healthcare group Assura has posted a 17% profit increase following a year of rental growth.
In its latest annual financial results, the group posted an 18.7% net rental income increase to £95.2m, from £80.2m the previous financial year.
Net asset value per share increased marginally by 1.7%, to 53.3p from 52.4p in 2018.
Assura also announced today it had acquired primary care developer GPI, which boosted its development pipeline by an initial £92m.
Its portfolio has grown over 12 months, with 57 property acquisitions. This has enabled a rent roll growth of 13% to £102.7m, and rental income growth up 19% to £95.2m.
Jonathan Murphy, chief executive, said: “Assura has delivered another year of strong operational performance with robust revenue and rental growth.
“This has been driven by our development and investment teams’ focus on growing and enhancing our portfolio and active asset management.
“We are well positioned in the primary care property market, and our development pipeline is the strongest it has been in 10 years.”
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