Primary Health Properties PLC Edison issues outlook on Primary Health Properties
August 26 2016 - 7:15AM
RNS Non-Regulatory
TIDMPHP
Primary Health Properties PLC
26 August 2016
London, UK, 26 August 2016
Edison issues outlook on Primary Health Properties (PHP)
The first half of FY16 saw Primary Health Properties (PHP)
continuing to grow on all key metrics. The low-cost operating model
should see ongoing portfolio growth translate into rising earnings
and dividend paying capacity. Consensus is that PHP will pay 5.125p
in earnings in FY16, which would be the 20th year of unbroken
dividend growth. Our increased estimates indicate that dividends
will remain fully covered despite an increased share count from the
April capital increase. PHP offers an attractive, growing and
secure dividend, supported by predictable long-term cash flows from
mainly government-backed revenues.
PHP's progressive dividend is attractive and secure with c 91%
of current rents derived directly or indirectly from the UK
government, with no material linkage to the economic cycle. As a
result, healthcare property values have shown much less volatility
than the broad commercial sector.
Click here to view the full report.
All reports published by Edison are available to download free
of charge from its website: www.edisoninvestmentresearch.com
About Edison: Edison is an international equity research firm
with a team of over 110 analysts, investment and roadshow
professionals and works with both large and smaller capitalised
companies, blue chip institutional investors, wealth managers,
private equity and corporate finance houses to support their
capital markets activity. Edison provides services to more than 420
retained corporate and investor clients from offices in London, New
York, Frankfurt, Sydney and Wellington. Edison is authorised and
regulated by the Financial Conduct Authority.
Edison is not an adviser or broker-dealer and does not provide
investment advice. Edison's reports are not solicitations to buy or
sell any securities.
Contact details: Learn more at www.edisongroup.com and connect
with Edison on:
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