FINANCE: Healthcare investor Assura Group has posted a 4.4% rise in NAV per share to 43.5p in the six months to 30 September.
Underlying profits increased by 16.7% to £6.3m during the period. LTV stands at 64%, slightly up from 62% six months ago.
Assura’s rent roll increased by 17.2% to £49m while total property assets increased by 21.1% to £809m. This is largely down to two major transactions: the £107m MP Realty Holdings Group during the period, which added 28 medical centres to Assura’s portfolio, and the £12.3m One Life building, a primary healthcare centre in Middlesborough.
Since the end of the reporting period, Assura has raised £175m in an equity placing, of which it has invested £65m and committed to forward fund an additional £21m of developments.
Chief executive Graham Roberts said: “The recent fund raise has strengthened the company’s financial position and enhanced its ability to take advantage of a fragmented marketplace and the significant opportunity to support the NHS in its future plans for the increased provision of care in the primary care setting.”
