Primary Health Properties has said it expects to set another record for rental growth by the end of the year.
The £2.8bn healthcare investor said it had increased net rental income by 6.2% in the first six months of the year to £75.5m.
But chief executive Harry Hyman said that he expected “to deliver over £4m of extra income during 2023, another record and continuing the trend seen in recent years”.
He added that PHP “will be a beneficiary of both the current inflationary environment and the significant rise in construction costs seen in recent years both through open-market and index-linked reviews”.
Around 97% of PHP’s debt is either fixed or hedged for a weighted average period of just under seven years.
To send feedback, e-mail piers.wehner@eg.co.uk or tweet @PiersWehner or @EGPropertyNews
