EPRA NAV boost for Target Healthcare

Target Healthcare

Target Healthcare REIT has released its year end results reporting a 3.7% annual increase in EPRA NAV per share to 105.7p.

NAV total return also rose to 10.5% for the period to the end of June from 7.8% at the same point last year.

The specialist care home investor has increased the size of its portfolio from 45 to 55 assets over the past 12 months and seen portfolio rent grow from £20.3m in June 2017 to £26m. In February, the company raised £94m in equity which has been fully deployed and it is in advanced negotiations to acquire five additional properties totalling £79.1m.

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