leadf
logo-loader
viewPrimary Health Properties PLC

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

LSE:PHP
Market: LSE
Market Cap: £1.87 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Primary Health Properties PLC named herein, including the promotion by the Company of Primary Health Properties PLC in any Content on the Site,...

FOR OUR FULL DISCLAIMER CLICK HERE

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