REIT is trading at a near-20% discount to net tangible assets
The firm is prioritising investment into modern, purpose-built care homes
Company tells investors it is not “unduly attached” to properties
REIT sees valuation fall by 1.4% to £855.7m, led by the disposal of four properties in Northern Ireland.
The fall compares with a 0.1% increase in the previous quarter
FTSE 250 company had been looking to “re-tenant” seven homes, but operator will now remain
Unite to enter FTSE 100 while Supermarket Income and Target Healthcare step up into 250
Supermarket Income and Target Healthcare have both been promoted to the FTSE 250
Target Healthcare has increased its portfolio value by 27% to £870m
New acquisitions funded through recent £125m equity raise
Target Healthcare’s portfolio has grown to 77 properties valued at £685m, with 18 more in hand
Target Healthcare will deploy the cash to invest in more care homes