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Primary Health Properties reports strong first half with increase in net rental income and profit

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 says. ''Remember the properties PHP manages are the likes of doctors surgeries in the UK and Ireland and 90% of the rents are covered by the governments.''

 

Click here to read Ed Stacey's latest report: Steady progress, encouraging prospects

Quick facts: Primary Health Properties PLC

Price: 149.2 GBX

LSE:PHP
Market: LSE
Market Cap: £1.96 billion
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Primary Health Properties: Current valuation 'still offers compelling returns'

Proactive Research analyst Ed Stacey says shares in Primary Health Properties PLC (LON:PHP) have outperformed the UK market year-to-date having already strongly outperformed during FY 2019. He argues that the current valuation still offers compelling returns for investors, driven by the...

on 05/14/2020

2 min read