Primary Health Properties has boosted its earnings over the past six months by 13% to £40.7m.
The healthcare specialist saw net rental income rise by 4.5% to £136.1m a year, 90% of which comes from government sources.
PHP’s property portfolio inched up in value by 2.6% to £2.7bn, representing a yield of 4.7%.
Harry Hyman, PHP’s chief executive, said: “The Covid-19 pandemic continues to highlight the need for modern, integrated, local primary healthcare facilities.
“With our sector leading metrics and strong pipeline of acquisition and asset management opportunities, we remain well-placed to meet these demands.”
The group currently has 514 assets, including 19 in Ireland, with a further £195m of projects in the pipeline.
To send feedback, e-mail piers.wehner@eg.co.uk or tweet @PiersWehner or @EGPropertyNews
