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Primary Health Properties says pipeline in Ireland remains very strong as it works on 17th site

Primary Health Properties PLC’s (LON:PHP) boss Harry Hyman says it has plenty of cash for acquisitions after snapping up its 17th site in Ireland. The €18mln project is a primary care centre in Arklow, just south of Dublin and will be purpose-built to meet recently introduced nearly zero-energy building regulations. Construction has also restarted on other projects in Ireland as coronavirus restrictions have lifted and Hyman says the pipeline there remains very strong. The trend toward shifting less critical procedures out of hospitals and into primary care centres and GP surgeries has accelerated due to the virus, he adds. Around 90% of rents from the portfolio are guaranteed by either the UK or Irish governments and payments for the quarter just ended are at 97-98%, says Hyman.

Quick facts: Primary Health Properties PLC

Price: 141.8 GBX

Market: LSE
Market Cap: £1.87 billion

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Primary Health Properties reports strong first half with increase in net...

Proactive Research analyst Ed Stacey discusses Primary Health Properties PLC's (LON:PHP) interim results to June 2020. He says it was a strong first half with net rental income and profit both up as well as an increase in the first half dividend. ''No surprises that everything is on track'', he...

on 07/30/2020

2 min read