REIT formerly known as Impact Healthcare has recorded a 1% uptick in its portfolio
The REIT plans to resume acquisitions activity in early 2025
Half-year pretax profit slips on revaluation
Value of care home and healthcare portfolio rose by 1.5% to £660.8m in the first quarter
Contracted rent for the REIT rose by £5.7m over the year to £48.8m
The REIT now has total available debt of £250m, of which £191m is currently drawn
NAV fell 5.5% to £446m off a £543m portfolio
Five homes in Shropshire and one in Cheshire have been sold by Morris Care
The REIT now has just £15m debt expiring in the next three years
The healthcare REIT has cancelled its revolving credit facility with Metro Bank
The REIT’s net asset value rose by 5.3% over the quarter
Belmont Healthcare is Impact’s 14th tenant and will run the two Kent homes