Impact Healthcare becomes latest REIT to delay results

Impact Healthcare REIT has joined the growing list of companies forced to delay its results in response to the coronavirus pandemic. The REIT said it is following guidance from the Financial Conduct Authority that public companies should postpone results for two weeks to address challenges caused by the virus. It will defer its results for the full year ended 31 December 2019 until 8 April 2020. In a trading update, the care home provider said it had 3,886 occupied beds on 20 March and was also working to make beds available to the NHS to relieve pressure on hospitals. Impact Healthcare’s unaudited results put NAV per share at the end of the period at 106.81p, up 3.5% from the previous year. NAV jumped to £340.7m, its NAV total return was 9.5% and pre-tax profits soared to £26.3m, up from £16.5m in 2018. Since 31 December the company has continued to grow the portfolio, with the acquisition of eight homes. The REIT has also exchanged contracts to acquire nine homes in Scotland and agreed to forward fund a scheme in Hartlepool. This will see Impact grow its portfolio to 104 properties with a contracted rent roll of £29.4m. To send feedback, e-mail emma.rosser@egi.co.uk or tweet @EmmaARosser or @estatesgazette