Impact Healthcare REIT’s net asset value jumped by 12% over the final quarter of 2019 to £340.7m.
NAV per share was also up to 106.81p at the end of December, from 106p at the end of the third quarter.
NAV total return surpassed the company’s annual target of 9%, achieving a total return of 9.46% at the end of 2019. This was composed of dividends paid in the year and 3.63p per share growth in NAV.
The REIT’s portfolio value increased by £8.2m to £318.8m over the fourth quarter.
LTV was 6% at the end of December and its contracted rental income stood at £23.1m
Rupert Barclay, chairman of Impact Healthcare REIT, said: “The board is pleased by the good progress made by the company over the past year. The company’s portfolio of UK residential care homes and growing number of high-quality tenants, who offer an essential regulated service and provide good care, continue to deliver investors secure inflation-linked and attractive income for the long-term with the potential for income and capital growth.”
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