RCS - Regional REIT Ltd - Edison issues update on Target Healthcare REIT

Regional REITAnnouncement

11/08/2023 07:00

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RNS Number : 9524I  Regional REIT Limited  11 August 2023

London, UK, 11 August 2023

 

Edison issues update on Target Healthcare REIT (THRL)

Target Healthcare REIT's Q423 shows a second consecutive quarter of NAV
growth, as property yields stabilise and indexed rent uplifts drive valuation
growth. Rental growth and near-full rent collection are supporting earnings
and delivering full dividend cover. Audited full year results will be
published in early October.

 

The current, rebased annualised rate of quarterly DPS through H223 (5.6p),
fully covered on a run-rate basis, reflects an attractive prospective yield of
7.7% and is a base from which to grow. We forecast 3.6% growth in FY24.
Meanwhile, the discount to end-FY23 NAV is c 30%.

 

Click here
(https://www.edisongroup.com/research/fully-covered-dps-and-positive-total-return/32581/)
to view the full report.

 

All reports published by Edison are available to download free of charge from
its website

www.edisongroup.com (http://www.edisongroup.com)

About Edison: Edison is a leading research and investor relations consultancy,
connecting listed companies to the widest pool of global investors. By
focusing on the volume and quality of investors reached - across institutions,
family offices, wealth managers and retail investors - Edison can create and
gauge intent to purchase, even in the darkest pools of capital, and then make
introductions via non-deal roadshows, events or virtual meetings.

Having been the first company in-market 17 years ago, Edison has more than 100
employees and covers every economic sector. Headquartered in London, Edison
also has offices in New York, Sydney and Wellington.

Edison is authorised and regulated by the Financial Conduct Authority
(https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000MfYL6AAN) .

Edison is not an adviser or broker-dealer and does not provide investment
advice. Edison's reports are not solicitations to buy or sell any securities.

For more information, please contact Edison:

Martyn King +44 (0)20 3077 5700 financials@edisongroup.com
(mailto:financials@edisongroup.com)

Learn more at www.edisongroup.com (http://www.edisongroup.com) and connect
with Edison on:

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