Primary Health Properties has posted a 4.4% uplift in net asset value to 105.1p a share in its annual results.
The investment company, which is set to merge with MedicX to create a combined £2.3bn 479-property strong portfolio, also reported a 2.5% uplift in the value of its investment portfolio to £1.503bn.
Managing director, Harry Hyman, said: “We have selectively and successfully invested the proceeds from the over-subscribed equity raise in April 2018 and further strengthened the balance sheet. PHP’s high-quality portfolio and capital base has helped to deliver another year of strong performance and our 22nd year of unabated dividend growth.”
