Target Healthcare REIT PLC
LSE:THRL
If you don’t study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.
Utilize notes to systematically review your investment decisions. By reflecting on past outcomes, you can discern effective strategies and identify those that underperformed. This continuous feedback loop enables you to adapt and refine your approach, optimizing for future success.
Each note serves as a learning point, offering insights into your decision-making processes. Over time, you'll accumulate a personalized database of knowledge, enhancing your ability to make informed decisions quickly and effectively.
With a comprehensive record of your investment history at your fingertips, you can compare current opportunities against past experiences. This not only bolsters your confidence but also ensures that each decision is grounded in a well-documented rationale.
Do you really want to delete this note?
This action cannot be undone.
| 52 Week Range |
82.8
105.4
|
| Price Target |
|
We'll email you a reminder when the closing price reaches GBX.
Choose the stock you wish to monitor with a price alert.
This alert will be permanently deleted.
Target Healthcare REIT PLC
Target Healthcare REIT PLC is a GB-based company operating in Equity Real Estate Investment Trusts (REITs) industry. The company is headquartered in Stirling, Stirlingshire and currently employs 0 full-time employees. The company went IPO on 2013-03-07. Target Healthcare REIT plc is a United Kingdom-based real estate investment trust. The Company’s investment objective is to provide shareholders with an attractive level of income together with the potential for capital and income growth from investing in a diversified portfolio of freehold and long leasehold care homes that are let to care home operators, and other healthcare assets in the United Kingdom (UK). Its portfolio is designed to provide stable income returns from a diversified group of tenants and rental levels, which are sustainable over the long term. Its portfolio comprises of approximately 77 assets: over 73 operational care homes and approximately four development sites. The Company’s investment manager is Target Fund Managers Limited.
Target Healthcare REIT PLC is a GB-based company operating in Equity Real Estate Investment Trusts (REITs) industry. The company is headquartered in Stirling, Stirlingshire and currently employs 0 full-time employees. The company went IPO on 2013-03-07. Target Healthcare REIT plc is a United Kingdom-based real estate investment trust. The Company’s investment objective is to provide shareholders with an attractive level of income together with the potential for capital and income growth from investing in a diversified portfolio of freehold and long leasehold care homes that are let to care home operators, and other healthcare assets in the United Kingdom (UK). Its portfolio is designed to provide stable income returns from a diversified group of tenants and rental levels, which are sustainable over the long term. Its portfolio comprises of approximately 77 assets: over 73 operational care homes and approximately four development sites. The Company’s investment manager is Target Fund Managers Limited.
Rental Income Growth: Net rental income rose by 4% despite asset disposals, reflecting strong like-for-like rental uplifts and development completions.
Dividend & Earnings: Adjusted EPRA EPS increased by nearly 3%, which supported a 3% rise in the dividend per share.
Occupancy & Operations: Portfolio occupancy reached almost 86%, recovering to mature levels after COVID, with a seasonal dip in Q4.
Portfolio Quality: The portfolio is now 84% purpose-built since 2010 and 99% comprised of homes with en-suite wet rooms, with 78% of income from private pay residents.
Strong Balance Sheet: EPRA NTA per share grew by 1.8%. Debt headroom remains high, and refinancing is expected to have only a modest impact on cost of debt.
Sector Tailwinds: Management highlighted robust long-term demand driven by demographic trends and rising private wealth among over-65s.
Operational Efficiency: EPRA cost ratio stayed stable at 16%, and the model remains efficient with no hidden property or management fees.
Rent Cover Strength: Rent cover improved to 1.9x, and management expects it to remain robust due to high private pay mix and sustainable rent increases.
