London · Delayed Price · Currency is GBP · Price in GBX Target Healthcare REIT Earnings Call Transcripts
Fiscal Year 2026
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Achieved record half-year returns with strong rental growth, premium asset disposals, and robust dividend cover. Portfolio quality and tenant diversification improved, with a growing pipeline and favorable demographic trends supporting future growth.
Fiscal Year 2025
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Delivered a 9.3% total accounting return, increased portfolio value, and executed a major asset disposal at a premium. Maintained high occupancy, strong rent cover, and a robust acquisition pipeline, while navigating tenant administration and sector cost pressures.
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Portfolio value reached £925m with 4% rental income growth and 3% higher EPS year-over-year. Occupancy rebounded to 86%, rent cover improved to 1.9x, and private pay rose to 78%. Low LTV, strong sector tailwinds, and robust capital allocation support future growth.
Fiscal Year 2024
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Portfolio delivered an 11.8% total return, with NTA up 6% and earnings up 2% year-over-year. Occupancy and rent cover have recovered strongly, and the dividend was increased by 3%. Active asset management and strong demand for quality care homes support a positive outlook.