Impact Healthcare delivers steady growth as rent roll soars
Impact Healthcare has posted a slight increase in its net asset value after its rent roll has nearly doubled following a string of acquisitions.
During the first six months to the end of June, the firm’s NAV per share edged up to 104.67p from 102.03p. This compares to the group’s NAV per share at its IPO in March 2017 of 98p.
The firm’s portfolio value jumped 47% from £184.3m to £271.6m, while its contracted rent roll grew by 49%, from £14.5m last year to £21.6m.
Impact Healthcare has posted a slight increase in its net asset value after its rent roll has nearly doubled following a string of acquisitions.
During the first six months to the end of June, the firm’s NAV per share edged up to 104.67p from 102.03p. This compares to the group’s NAV per share at its IPO in March 2017 of 98p.
The firm’s portfolio value jumped 47% from £184.3m to £271.6m, while its contracted rent roll grew by 49%, from £14.5m last year to £21.6m.
During the period, the firm completed a number of acquisitions, which added nine properties with 471 beds to the portfolio and increased its number of tenants from six to eight, adding Maria Mallaband and Countrywide Group and the NHS.
Rupert Barclay, chairman of Impact Healthcare, said: “This was a period of continued, but measured growth in line with the strategy we set out at IPO. These strong first-half results give the company good momentum going into the second half and make us well placed to continue to deliver value in the short and longer term.
“This stands us in good stead in an uncertain economic and political environment, including where the outcome of Brexit negotiations is still uncertain, and underpins our new progressive dividend policy and total return target, which reflect our confidence in the group’s prospects.”
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