Nick Leslau’s Secure Income REIT has posted a hike in adjusted EPRA NAV per share, boosted by returns from its £347m hospitals disposal.
Secure Income’s adjusted EPRA NAV per share stood at 420.5p in the six months to 30 June, up 5% from the period to 31 December.
It made profit before tax of £75.4m, up 14.9% on H2 2018.
The REIT sold eight of its 19 private hospitals for a gross consideration of £347m, 16% above June book value.
Martin Moore, non-executive chairman, said: “With a robust balance sheet and a strongly performing portfolio delivering 5% NAV growth in the first half of the year, we continue to view the future with confidence.”
Moore added that the company now has more than £230m of firepower to redeploy.
The REIT owns a £2.05bn portfolio, according to the June valuation.
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