Primary Health Properties : PHP

Research History

• 11 Mar 2024 12 min read

  QuotedData’s Real Estate Monthly Roundup – March 2024

  Real Estate Roundup Kindly sponsored by abrdn Performance data February’s biggest movers in price terms are shown in the charts below. It was another month of disappointing share price performance for the real estate sector, as the timing of the fabled interest rate cuts that could kick start a recovery in the sector remains unclear […]

• 11 Aug 2023 10 min read

  QuotedData’s Real Estate Monthly Roundup – August 2023

  Real Estate Roundup Kindly sponsored by abrdn Performance data July’s biggest movers in price terms are shown in the charts below. Better than expected inflation figures in the UK raised hope that interest rates had peaked, and that commercial property values may have bottomed out. Improving investor sentiment towards the sector was reflected in an […]

• 25 Apr 2023 8 min read

  QuotedData’s Real Estate Quarterly Review – First Quarter 2023

  Real estate quarterly report Kindly sponsored by abrdn Headwinds mount up The headwinds facing commercial real estate continued to mount up in the first quarter of 2023, reflected in an 8.9% average share price fall across the sector. Already reeling from the impact of higher interest rates on valuations, the collapse of Silicon Valley Bank […]

• 09 Mar 2023 15 min read

  QuotedData’s Real Estate Monthly Roundup – March 2023

  Real Estate Roundup Kindly sponsored by abrdn Performance data February’s biggest movers in price terms are shown in the charts below. It was a mixed month in terms of share price performance for property companies, with a mean average share price fall of 0.3% across the sector. On the positive side, shopping centre behemoth Hammerson […]

• 64 min read

  QuotedData’s Economic and Political Monthly Roundup March 2023

  Economic and Political Monthly Roundup Investment companies | Monthly | March 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]

• 09 Feb 2023 7 min read

  QuotedData’s Real Estate Monthly Roundup – February 2023

  Real Estate Roundup Kindly sponsored by abrdn Performance data January’s biggest movers in price terms are shown in the charts below. 2023 started positively for the property sector, with a median average share price uplift of 1.3%. A gloomy economic outlook at the end of 2022 saw many property companies’ share prices fall to substantial […]

• 05 Jan 2023 11 min read

  QuotedData’s Real Estate Monthly Roundup – January 2023

  Real Estate Roundup Kindly sponsored by abrdn Performance data December’s biggest movers in price terms are shown in the charts below. 2022 ended with another difficult month for property companies as the sector continues to get to grips with the impact of higher interest rates. There were several funds that performed well during December, however. […]

• 14 Oct 2022 8 min read

  QuotedData’s Real Estate Quarterly Review – Third Quarter 2022

  Real estate quarterly report Kindly sponsored by abrdn Choppy waters ahead High interest rates is a killer for real estate, and so the chancellor’s disastrous ‘mini budget’ at the end of September – which spooked gilt markets and saw interest rate forecasts for next year top 6% – had a catastrophic impact on the listed […]

• 04 Aug 2022 10 min read

  QuotedData’s Real Estate Roundup – August 2022

  Real Estate Roundup Kindly sponsored by abrdn Performance data July’s biggest movers in price terms are shown in the charts below. Many of the logistics and office focused companies that have suffered in the past few months saw somewhat of a recovery in July, as the substantial discounts that their share prices trade at relative […]

• 06 May 2022 9 min read

  QuotedData’s Real Estate Roundup – May 2022

  Real Estate Roundup Kindly sponsored by abrdn Performance data April’s biggest movers in price terms are shown in the charts below. Fears of a looming recession meant April was a difficult month for property stocks generally. There were a few positive performers in share price terms, however. Leading the way was London office landlord and […]

• 06 Apr 2022 15 min read

  QuotedData’s Real Estate Roundup – April 2022

  Real Estate Roundup Kindly sponsored by abrdn Performance data March’s biggest movers in price terms are shown in the charts below. Property stocks generally rallied in March, perhaps due to the relative inflation hedge they can provide. There were two outliers in Dublin office specialist Hibernia REIT and small-cap South East of England landlord McKay […]

• 09 Mar 2022 11 min read

  QuotedData’s Real Estate Roundup – March 2022

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data February’s biggest movers in price terms are shown in the charts below. The geopolitical uncertainty caused by the Russian invasion of Ukraine has hit markets hard. On the whole, the property sector suffered losses during February, but there were a few companies that saw […]

• 24 Jan 2022 10 min read

  QuotedData’s Real Estate Annual Review – 2021

  Real Estate Annual Review Kindly sponsored by Aberdeen Standard Investments Bouncebackability Over the course of 2021, the property sector certainly rebounded from the depths of the pandemic-induced slumps of 2020, with the average share price of listed property companies up 14.2%. That didn’t mean there were not some ups and downs along the way. The […]

• 15 Oct 2021 8 min read

  QuotedData’s Real Estate Quarterly Review – Third Quarter 2021

  Real Estate Quarterly Review Kindly sponsored by Aberdeen Standard Investments Rate rise fears dampens bounce back The quarter started with much promise, as activity picked up with the full opening of the economy. This was reflected in the valuation of commercial properties and in turn investor sentiment to the listed real estate sector. However, supply chain […]

• 08 Oct 2021 10 min read

  QuotedData’s Real Estate Roundup – October 2021

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data September’s biggest movers in price terms are shown in the chart below. With fears that economic growth will be stunted by supply chain issues, September wasn’t a great month for property stocks. However, development and regeneration specialist Harworth saw its share price rise 13.3% […]

• 09 Sep 2021 9 min read

  QuotedData’s Real Estate Roundup – September 2021

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data August’s biggest movers in price terms are shown in the chart below. Traditionally a quiet month, August was anything but for property companies. While takeovers, IPO activity and large investment deals dominated the headlines, Tritax Big Box REIT continued its impressive performance. After reporting […]

• 06 Aug 2021 10 min read

  QuotedData’s Real Estate Roundup – August 2021

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data July’s biggest movers in price terms are shown in the chart below. It was no surprise that GCP Student Living topped the table for best performing property companies in July after it received a takeover bid 30% above its share price during the month. […]

• 19 Apr 2021 8 min read

  QuotedData’s Real Estate Quarterly Review – first quarter 2021

  Lockdown cloud begins to lift The success of the vaccine rollout in the UK and the implementation of a roadmap out of lockdown saw the share prices of listed property companies – most of which had been decimated during the last year – make somewhat of a recovery. The economy is on firmer footing and […]

• 08 Mar 2021 10 min read

  QuotedData’s Real Estate Roundup – March 2021

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data February’s biggest movers in price terms are shown in the chart below. The roadmap out of lockdown and the impressive vaccination programme in the UK has lifted confidence in a swift economic recovery and triggered a shift to value stocks. Property companies on significant […]

• 22 Jan 2021 12 min read

  QuotedData’s Real Estate Annual Review – 2020

  Real Estate Annual Review Kindly sponsored by Aberdeen Standard Investments Riding out the COVID rollercoaster The 2020 rollercoaster saw more downs than ups and at times felt like a pandemic induced freefall. Lockdowns, tiers and plenty of U-turns meant investing in property was not for the faint hearted. Positivity returned at the end of the […]

• 14 Jan 2021 9 min read

  QuotedData’s Real Estate Roundup – January 2021

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data December’s biggest movers in price terms are shown in the chart below. The boost of coming out of the second national lockdown in early December was short lived as Christmas was cancelled for most of the UK with COVID-19 cases spiking. It did little […]

• 17 Dec 2020 12 min read

  QuotedData’s Real Estate Roundup – December 2020

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data November’s biggest movers in price terms are shown in the chart below. The eagerly awaited news of a successful vaccine candidate came at the start of November, boosting the stock market. Property companies that had seen their share price battered over the past eight […]

• 16 Oct 2020 8 min read

  QuotedData’s Real Estate Quarterly Review – Q3 2020

  Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments Toughing it out It has been another challenging quarter for the real estate sector as the COVID-19 pandemic continues to take its toll. The economy bounced back in the early part of the quarter after the national lockdown was lifted, while government schemes such as […]

• 13 Aug 2020 9 min read

  QuotedData’s Real Estate Monthly Roundup – August 2020

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments  Performance data July’s biggest movers in price terms are shown in the chart below. A number of REITs and property companies saw big share price gains over the month of July as covid-19 restrictions started to ease across the UK and greater economic stimulus was revealed. […]

• 09 Jun 2020 11 min read

  QuotedData’s Real Estate Roundup – June 2020

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments  Performance data May’s biggest movers in price terms are shown in the chart below. Shares in property companies took another turbulent turn during May as the covid-19 pandemic continued to wreak havoc on property assets. The biggest mover in price terms during the month was an […]

• 20 Apr 2020 7 min read

  QuotedData’s Real Estate Quarterly Roundup – First Quarter 2020

  Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments  Covid chaos The covid-19 pandemic has had a devastating effect on the share price of property companies, with 31% wiped off the value of their total market capitalisation during the first quarter of 2020. Companies focused on the retail, leisure and hospitality property sectors were […]

• 07 Apr 2020 11 min read

  QuotedData’s Real Estate Roundup – April 2020

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments  Performance data March’s biggest movers in price terms are shown in the chart below. Property stocks took a hammering in March as the covid19 pandemic took hold. The UK was put on lockdown to stop the spread of the coronavirus resulting in the enforced closure of […]

• 10 Mar 2020 12 min read

  QuotedData’s Real Estate Roundup – March 2020

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments  Performance data February’s biggest movers in price terms are shown in the chart below. Property stocks tumbled in February as fears over the spread of Covid-19 spooked financial markets around the world and resulted in the largest sell-off since the 2008 financial crisis. There were just […]

• 30 Jan 2020 12 min read

  QuotedData’s Real Estate Annual Review – 2019

   Property’s alternative theory The year was dominated by political and economic uncertainty, with Brexit negotiations casting a shadow over the market and the general election adding a further layer of doubt for much of the year. For a market that is staunchly aligned with political and economic sentiment, listed property companies and REITs performed well, […]

• 02 Oct 2019 11 min read

  QuotedData’s Real Estate Roundup – October 2019

  Real Estate Roundup  Performance data September’s biggest movers in price terms are shown in the chart below. The month of September was a bumper month for many property companies’ share price, dominated by retail focused companies, who in general have taken a hammering over the past 18 months or so. Top of the list was […]

• 04 Apr 2019 1 min read

  QuotedData’s investment companies roundup – April 2019

  QuotedData’s investment companies roundup – April 2019 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of March 2019. Kindly sponsored by Baillie Gifford. JPMorgan Indian, India Capital Growth, Aberdeen New India and Ashoka India Equity Investment […]

• 22 Feb 2019 1 min read

  QuotedData’s economic roundup – February 2019

  QuotedData’s economic roundup – February 2019 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]

• 18 Jan 2019 1 min read

  QuotedData’s investment companies roundup – January 2019

  QuotedData’s investment companies roundup – January 2019 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of December 2018. Kindly sponsored by Baillie Gifford. Extract from money raised and returned in December The only new issue […]

• 16 Oct 2018 2 min read

  Quarterly Investment Companies Roundup – Third Quarter 2018

  Quarterly Investment Companies Roundup – Third Quarter 2018 Global equities delivered positive returns over the third quarter of 2018.  This was principally because of strength in the US market. Political uncertainty and concerns about global trade held back other regions. Generally, government bond yields rose over the quarter. The UK equity market fell as the Bank of […]

• 12 Oct 2018 1 min read

  QuotedData’s investment companies roundup – October 2018

  QuotedData’s investment companies roundup – October 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in September Trian Investors 1 is a new fund that will adopt […]

• 15 Aug 2018 1 min read

  QuotedData’s Economic round up – August 2018

  QuotedData’s Economic round up – August 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]

• 18 Jul 2018 2 min read

  Quarterly Investment Companies Roundup – Second Quarter 2018

  QUARTERLY INVESTMENT COMPANIES ROUNDUP – SECOND QUARTER 2018 Global equities markets rose in the second quarter of 2018, Markets were volatile, as positive economic data and encouraging company performances played off against geopolitical concerns. Yields from bond markets rose early in the quarter but fell back as investors turned to ‘safer’ investments. The threat of […]

• 11 Jul 2018 1 min read

  QuotedData’s investment companies roundup – July 2018

  QuotedData’s investment companies roundup – July 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2018. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised and returned in June Newcomer to the market, Yew Grove […]

• 10 Jan 2018 2 min read

  QuotedData investment companies roundup – January 2018

  QuotedData investment companies roundup – January 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of December 2017. Kindly sponsored by Baillie Gifford. January Investment Companies Roundup Winners and losers in December Infrastructure India’s share price […]

• 11 Dec 2017 2 min read

  QuotedData investment companies roundup – December 2017

  QuotedData investment companies roundup – December 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2017. Kindly sponsored by Baillie Gifford. December Investment Companies Roundup Money raised and returned in November There were no […]

• 10 Nov 2017 1 min read

  QuotedData investment companies roundup – November 2017

  QuotedData investment companies roundup – November 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2017. Kindly sponsored by Baillie Gifford. November Investment Companies Roundup Globalworth Real Estate’s discount was eliminated after it announced […]

• 19 Oct 2017 1 min read

  Quarterly investment companies roundup – Third quarter 2017

  Quarterly investment companies roundup – Third quarter 2017 – Markets moved up a little over the course of the three months ended 30 September 2017. Regionally, emerging markets did well. The pound strengthened a bit relative to the US dollar but was flat against the euro. The oil price rose by more than 20%. In […]

• 16 May 2017 2 min read

  QuotedData investment companies roundup – May 2017

  QuotedData investment companies roundup: Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2017. Kindly sponsored by Baillie Gifford. Money in: The only new launch in April was EJF Investments, a £69m fund trying to take advantage of […]

• 10 Apr 2017 1 min read

  QuotedData investment companies roundup – April 2017

  Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. April Investment Companies Roundup    

• 15 Mar 2017 1 min read

  QuotedData’s round up of views on the global economy – March 2017

  A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the companies mentioned. Kindly sponsored […]

• 31 Jan 2017 1 min read

  QuotedData – 2016 review of the year

  Our review of 2016 includes performance data, significant moves in discounts and premiums, money raised and money handed back, major news stories and links to the research we have published including our guide to investment companies. 2016 Annual roundup

News

• 23 May 2025 4 min read

  QuotedData’s morning briefing 23 May 2025 – ESCT, ENRG, PPET, MNTN, VNH, AGR/PHP, SSIT, FGEN, NESF

  In QuotedData’s morning briefing 23 May 2025: We also have: Stories you may have missed from yesterday:

• 16 May 2025 3 min read

  PHP tables £1.68bn offer for Assura

  Primary Health Properties (PHP) has made a counter bid for Assura that values the company at £1.68bn. The shares and cash offer would see Assura shareholders receive 0.3769 new PHP shares and 12.5 pence in cash. This includes the already paid quarterly dividend of 0.84p (paid on 9 April 2025) and the quarterly dividend of […]

• 09 Apr 2025 2 min read

  Assura board recommends £1.6bn offer

  Assura has reached agreement on the terms of a recommended cash offer for the company by Kohlberg Kravis Roberts (KKR) and Stonepeak Partners. Under the terms of the acquisition, each Assura shareholder shall be entitled to receive 49.4p, comprising 48.56p in cash and a quarterly interim dividend of 0.84p. Together this represents 100% of Assura’s […]

• 03 Apr 2025 3 min read

  PHP makes merger offer for Assura

  Primary Health Properties has made an indicative cash and share proposal for Assura, based on a NAV for NAV exchange ratio. Under the terms of the combination, shareholders of Assura would receive 0.3848 new PHP shares and 9.08p in cash. PHP said it will make a mix and match facility available to Assura shareholders in […]

• 10 Mar 2025 2 min read

  Primary Health Properties still “sees considerable merit” in working with Assura

  Primary Health Properties (PHP) has responded to the announcement made by Assura Group this morning that Assura’s board is minded to recommend to its shareholders an indicative offer from KKR and Stonepeak, while rejecting proposals for a merger with PHP as the latter is less attractive for its shareholders. In its statement, PHP says that […]

• 2 min read

  Assura receives indicative offer from KKR and Stonepeak

  Assura (AGR) has received an indicative, non-binding proposal from Kohlberg Kravis Roberts & Co. Partners L.L.P. (KKR) and Stonepeak Partners (UK) LLP for the company at 49.4p per share. The deal would value Assura’s equity at £1,607m and represents: a 31.9% premium to the closing share price of 37.4 pence on 13 February 2025 being […]

• 28 Feb 2025 2 min read

  Primary Health Properties continues to deliver dividend growth

  Primary Health Properties (PHP) continues its impressive run of dividend growth and values have hit an “inflexion point”. In annual results for 2024 the company said that adjusted earnings were up 2.9% to 7.0p per share, fully covering its dividend in the year of 6.9p. It intends to up its 2025 dividend to 7.1p – […]

• 25 Oct 2024 2 min read

  NHS reform a tonic for primary care investors

  Next week’s budget will be vital viewing for investors, with changes to capital gains tax and inheritance tax mooted. Among the column inches in the lead up to the new chancellor’s first budget, have been some encouraging announcements on reforming the UK’s ailing health service. It appears that, at last, sensible ideas are being put […]

• 28 Feb 2024 2 min read

  Primary Health Properties increases dividend again as earnings grow

  Primary Health Properties has reported a 4.1% fall in EPRA net tangible assets (NTA) to 108.0p in annual results to 31 December 2023, however, earnings were up 3.0% to 6.8p per share. [QD comment: This value decline, earnings growth dynamic typifies the state of play in the real estate sector and we expect it will be […]

• 24 Oct 2023 2 min read

  QuotedData’s morning briefing 24 October 2023 – GSF, SONG, PHP

  In QuotedData’s morning briefing 24 October 2023: Following its recent strategic review, the board of Hipgnosis Songs Fund Limited (SONG) announced that it did not receive a superior offer as part of the Go-Shop process in connection with the first disposal. The company was in contact with 17 parties at the beginning of the Go-Shop, […]

• 06 Sep 2023 1 min read

  QuotedData’s morning briefing 6 September 2023 – AGA, LXI, PHP

  In QuotedData’s morning briefing for 6 September: Apax Global Alpha Limited (AGA) announced its results for the six months to 30 June 2023. Total NAV Return  was 2.4%. Overall performance was supported by growth in the Private Equity portfolio and strong returns from the company’s debt investments. In Private Equity, Total NAV Return was 1.9% […]

• 26 Jul 2023 1 min read

  QuotedData’s morning briefing 26 July 2023

  QuotedData’s morning briefing 26 July 2023 Primary Health Properties (PHP) reported a 1.3% fall in NAV to 111.1p per share for the six months to 30 June 2023. The group’s portfolio of GP surgeries and health centres was valued at £2.783bn at 30 June 2023, down 0.4% over the period (31 December 2022: £2.796bn) reflecting […]

• 12 Dec 2022 3 min read

  QuotedData’s morning briefing 12 December 2022

  In QuotedData’s morning briefing 12 December 2022: SME Credit Realisation Fund (SCRF) has announced that it has completed its asset realisation strategy, initiated in 2019 following consultation with shareholders accounting for over two-thirds of the register, through the sale of all of its remaining UK and continental European (Germany and Netherlands) loans to a third-party […]

• 01 Jul 2022 2 min read

  QD view – GP struggles may be significant

  Having read the extremely alarming news that there is set to be an exodus of GPs, exacerbating existing shortages, I thought it would be worth looking at the likely impact on the two listed primary healthcare landlords – Assura and Primary Health Properties (PHP). According to reports, one in four GP posts are set to […]

• 14 Apr 2022 2 min read

  QuotedData’s morning briefing 14 April 2022

  In QuotedData’s morning briefing 14 April 2022: Jupiter Emerging and Frontier Income Trust’s (JEFI) board has looked at the candidates available for a rollover option and decided not to offer any of them. Shareholders will receive cash instead. A proposal to wind up the company will be put to a vote shortly – expect to […]

• 21 Oct 2021 2 min read

  QuotedData’s morning briefing 21 October 2021

  In QuotedData’s morning briefing 21 October 2021: Custodian REIT (CREI) has bought a 28,601 sq ft industrial unit on Clifton Moor Industrial Estate, York, adjacent to York’s northern bypass which connects to both the A1(M) and M62. The unit is occupied by Menzies Distribution Limited with a weighted average unexpired term to first break or […]

• 07 Sep 2021 1 min read

  QuotedData’s morning briefing 7 September 2021

  In QuotedData’s morning briefing 7 September 2021: Augmentum Fintech has made a $10m investment in AnyFin, a Stockholm-based consumer credit refinancing company. Anyfin (www.anyfin.com) was founded in 2017 by former executives of Klarna, Spotify and iZettle, and leverages technology to allow credit-worthy consumers the opportunity to improve their financial wellbeing by consolidating and refinancing existing credit […]

• 27 Aug 2021 1 min read

  QuotedData’s morning briefing 27 August 2021

  In QuotedData’s morning briefing 27 August 2021: Primary Health Properties (PHP) has acquired the Townside Primary Care Centre and adjacent office building in Bury, Lancashire for a total consideration of £40m. The Townside Primary Care Centre is a substantial purpose-built primary care hub fully let to NHS Property Services and a pharmacy. The office accommodation is also fully […]

• 21 Dec 2020 1 min read

  QuotedData’s morning briefing 21 December 2020

  In QuotedData’s morning briefing 21 December 2020 – Schroder British Opportunities (SBO) announced its investment into Learning Curve Group (LCG), described as a leading private UK training and education specialist. SBO invested alongside Agilitas, a pan-European mid-market private equity firm. LCG represents SBO’s first private equity investment. LCG provides opportunities for over 120,000 learners and 4,500 employers […]

• 29 Jul 2020 2 min read

  QuotedData’s morning briefing 29 July 2020

  In QuotedData’s morning briefing 29 July 2020: Primary Health Properties (PHP) reported interim results to 30 June 2020, with performance highlights that include: Adjusted EPRA earnings per share increased by 7.1%; Average uplift of 2.2% per annum on rent reviews completed in the period (FY 2019: 1.9%; FY 2018: 1.4%); Additional annualised rental income on a […]

• 09 Jul 2020 1 min read

  Primary Health Properties reports 7.1% jump in earnings

  Primary Health Properties has reported a 7.1% increase in earnings in a trading update for the six months to the end of June. The company, which owns a portfolio of primary healthcare facilities, said adjusted EPRA earnings per share grew to 3.0p (June 2019: 2.8p). This was off the back of an average uplift of 2.2% per […]

• 1 min read

  QuotedData’s morning briefing 9 July 2020

  In QuotedData’s morning briefing 9 July 2020: NewRiver REIT says 81% of retailers in its portfolio are now open for business (81% based on gross rent). Of the rent due on 24 June, 71% has either been collected or had alternative payment terms agreed with occupiers. 1% of rents have been waived. Rents collected for 25 March […]

• 28 May 2020 1 min read

  QuotedData’s morning briefing 28 May 2020

  In QuotedData’s morning briefing 28 May 2020: Aberdeen Standard European Logistics Income (ASLI) posted a NAV total return of 8.6% in 2019 it reported today in full year results. IFRS earnings per share for the year was 9.6 euro cents, covering a dividend of 5.75 euro cents. Earlier this week ASLI made a NAV announcement for […]

• 11 May 2020 1 min read

  Primary Health Properties buys medical centres portfolio for £47.1m

  Primary Health Properties (PHP), has acquired a portfolio of 20 purpose-built medical centres for £47.1m. The company, which owns a portfolio of primary healthcare facilities, has also conditionally contracted to acquire a further two medical centres for £6.9m. The acquired properties are leased to GP practices, other NHS healthcare operators and pharmacies, with around 91% […]

• 24 Apr 2020 2 min read

  Value to be found in property funds

  Covid-19 has obliterated the property market with tenants across all sectors struggling with cash flow problems as various measures to restrict the spread of the disease have been stepped up in most countries. This has had a devastating effect on the rental income of property companies, which have in some cases received as little as […]

• 01 Apr 2020 2 min read

  PHP reaffirms dividend policy

  Primary Health Properties (PHP) has reaffirmed its dividend policy with its business less impacted by covid-19. The company, which owns primary healthcare facilities in the UK and Ireland, said 90% of its contracted rent is either paid directly or indirectly by the UK and Irish governments, with the balance mainly coming from pharmacies attached to its properties. […]

• 12 Mar 2020 1 min read

  Primary Health funding new doctor’s surgery in Epsom

  Primary Health funding new doctor’s surgery in Epsom – Primary Health Properties has contracted with a developer to fund the fitting out of a doctors’ surgery within a modern residential development in the centre of Epsom, Surrey. The company will acquire the long leasehold interest of the property on completion of the work for a total […]

• 12 Feb 2020 1 min read

  QuotedData’s other news 12 February 2020

  In QuotedData’s other news 12 February 2020 – Witan Investment Trust has announced that it has become a signatory of the UN supported Principles for Responsible Investment (PRI). The PRI signatories are a global network of asset managers, owners and service providers working together to put responsible investment into practice and to report publicly on their progress in […]

• 3 min read

  Primary Health Properties delivers during transformational year

  Primary Health Properties (PHP) has announced its annual results for the year ended 31 December 2019. This is a year that its managing director, Harry Hyman, describes as “transformational”, as it saw the completion of the company’s merger with MedicX, which brought together complementary portfolios in the UK and Ireland. Harry says that this has […]

• 05 Feb 2020 1 min read

  QuotedData’s other news 5 February 2020

  In QuotedData’s other news 5 February 2020 – Gore Street Energy Storage (GSF) has raised £3.5m in a share placing. Proceeds will be used to fund investment opportunities from energy storage projects in the UK and internationally. Primary Health Properties (PHP) announced that it has contracted with a developer to fund the development and acquisition of a purpose-built […]

• 14 Jan 2020 1 min read

  QuotedData’s other news 14 January 2020

  In QuotedData’s other news 14 January 2020 – Primary Health Properties (PHP) has announced board changes, noting a board of six, consisting of four independent non-executive directors and two executive directors is the appropriate size for PHP going forward, given the relative simplicity of the business model. Accordingly, a replacement for Helen Mahy, whose decision to […]

• 17 Dec 2019 1 min read

  Primary Health Properties in Bolton buy

  Primary Health Properties in Bolton buy – Primary Health Properties has acquired a standing let investment property situated in Bolton and has also contracted with a developer to fund the development and acquisition of a purpose-built primary care centre in Banagher, Co. Offaly, Ireland. The Waters Meeting Health Centre, Bolton, is a property comprising of 2,295m(2) […]

• 04 Dec 2019 1 min read

  Primary Health Properties to forward fund Eastbourne GP surgery

  Primary Health Properties (PHP), one of the UK’s leading investors in healthcare facilities, will provide development funding for the construction of a purpose built medical centre in Eastbourne, East Sussex for a total cost of £8.4m. The facility, which will be wholly owned by PHP upon its completion, will be used by two merged GP practices […]

• 25 Nov 2019 2 min read

  QuotedData’s other news 25 November 2019

  In QuotedData’s other news 25 November 2019 – Templeton Emerging Markets (TEM) reported half-year results to 30 September 2019 with NAV and the shares increasing by +6.3% +4.4% in total return terms, respectively. This compared with +2.2% from the MSCI Emerging Markets Index. Chairman, Paul Manduca, noted: “Given the current political background, equity markets are likely […]

• 25 Sep 2019 1 min read

  QuotedData’s other news 25 September 2019

  In QuotedData’s other news 25 September 2019: Primary Healthcare Properties raised the £100m it was looking for in just a few hours – issuing 78.125m shares at 128p. All the directors put in more money. Augmentum converted its convertible investments in Tide into shares. The value of this position has risen by £4.2m as a result, […]

• 24 Sep 2019 1 min read

  QuotedData’s other news 24 September 2019

  In QuotedData’s other news 24 September 2019 Starwood European Loan Finance has lent a developer £56.8m for two years. The money will be used to complete a residential development in London. Also the final €15m lent to a European industrial portfolio has been repaid. This leaves SWEF with net cash of £5.5m against unfunded commitments of […]

• 17 Sep 2019 1 min read

  QuotedData’s other news 17 September 2019

  In QuotedData’s other news 17 September 2019 – Civitas Social Housing, announced the appointment of Liberum Capital Limited as joint corporate broker to act alongside Cenkos Securities PLC, the company’s existing corporate broker. PRS REIT, the new build private homes investors, provided a trading update covering the two months to end-August 2019, since the end of its […]

• 1 min read

  Primary Health Properties announces €70m secured note issue

  Primary Health Properties announces €70m secured note issue – Primary Health Properties (PHP), a leading investor in modern primary healthcare facilities in the UK and Ireland, has announced that a wholly owned subsidiary has issued new senior secured notes for a total of €70m at a fixed rate of 1.51% with a maturity of 12 years.  The […]

• 20 Aug 2019 1 min read

  QuotedData’s other news 20 August 2019

  In QuotedData’s other news 20 August 2019 – Empiric Student Property (ESP) has reported half-year results to 30 June 2019; revenue grew by 14% to £35.7m while EPRA NAV was up 2%. In the manager’s report, ESP said that the UK higher education sector continues to both grow and polarise. There is strong demand for […]

• 1 min read

  Primary Health Properties completes £6.4m developments

  Primary Health Properties completes £6.4m developments – Primary Health Properties (PHP), the modern primary healthcare facilities investor, has announced that it has reached practical completion on two developments from separate developers at Glynneath and Langwith at a total cost of £6.4m (£4.6m and £1.8m respectively). The properties are let on 20 year leases to the Abertawe Bro […]

• 25 Jul 2019 1 min read

  QuotedData’s other news 25 July 2019

  In QuotedData’s other news 25 July 2019: FastForward Innovations (FFWD), which typically invests in companies that it perceives as having significant intellectual property rights, has agreed to an extension (to 31 July 2019) of the terms of its simple agreement for future equity (SAFE) with Factom, an Austria-based blockchain technology company. FFWD describes Factom as specialising […]

• 2 min read

  Primary Health Properties delivers 22.7% total shareholder return

  Primary Health Properties delivers 22.7% total shareholder return – Primary Health Properties has posted its first set of results following its merger with MedicX earlier this year, delivering a 22.7% total shareholder return in the first six months of the year. The company said it had delivered the operating synergies of £4m a year that it […]

• 22 Jul 2019 1 min read

  Primary Healthcare buys Meath health centre

  Primary Healthcare buys Meath health centre – Primary Health Properties has completed the acquisition of The Meath Primary Healthcare Centre, Dublin 8, a standing let primary care centre in the Republic of Ireland. The company announced it was planning to make this acquisition in March. Primary Health Properties ICAV, an Irish investment vehicle wholly owned by […]

• 18 Jun 2019 1 min read

  QuotedData’s other news 18 June 2019

  In QuotedData’s other news 18 June 2019 Primary Healthcare Properties is launching a £150m convertible bond issue and using the money to repay its £75m, 5.375% senior unsecured bonds due 2019. The new convertibles will mature in July 2025, issued at par and are expected to carry a coupon of between 2.625% and 3.125% per annum payable […]

• 06 Jun 2019 1 min read

  QuotedData’s other news 6 June 2019

  In QuotedData’s other news 6 June 2019: Regional REIT has announced the sale of an office building in Sheffield at a price 25% higher than when it was last valued. Bought in 2016 for £6.3m, Aspect Court, Pond Hill, Sheffield was sold to Sheffield Hallam University for £8.8 million, reflecting a net initial yield of 6.6%. […]

• 18 Mar 2019 1 min read

  Primary Health Properties to acquire new Kew medical centre for £4.6mn

  Primary Health Properties to acquire new Kew medical centre for £4.6mn – Following its merger with MedicX Fund, Primary Health Properties (PHP) has announced that forward funding is in place for it to acquire a new primary healthcare medical centre in Kew, London. The property is due to be completed in October 2019 and will […]

• 15 Mar 2019 2 min read

  New shares in Primary Health tradeable following MedicX merger

  New shares in Primary Health tradeable following MedicX merger – following on from the announcement on 14 March 2019 by MedicX Fund Limited and Primary Health Properties (PHP) that their merger had become unconditional in all respects, PHP announced that dealings in the new shares became effective at 8.00 a.m. today (March 15, 2019). The […]

• 12 Mar 2019 2 min read

  Primary Health Properties to acquire The Meath Primary Healthcare Centre in Dublin 8

  Primary Health Properties (PHP) has announced that it has contracted to acquire a The Meath Primary Healthcare Centre, in Dublin 8, for a total cost of €10.9 million. The transaction is being conducted through Primary Health Properties ICAV, an Irish investment vehicle that is wholly owned by PHP. This acquisition, which has a completion date […]

• 19 Feb 2019 1 min read

  Primary Health properties to fund Athy Primary Care Centre in County Kildare

  Primary Health Properties (PHP) has announced that it has contracted to fund and acquire a purpose built primary care centre in Athy, County Kildare, in the Republic of Ireland. The transaction is being conducted through Primary Health Properties ICAV, an Irish investment vehicle wholly owned by PHP, for a total cost of €11.4 million. Construction […]

• 11 Feb 2019 2 min read

  Primary Health Properties acquires Oakwood Lane Medical Centre, Leeds, for £5.4m

  Primary Health Properties (PHP has announced that it has acquired the entire issued share capital of Chapeloak Investments Limited, whose sole activity is the ownership of the Oakwood Lane Medical Centre, in Leeds, for a total consideration of £5.425m. It has also contracted to forward fund the development of a purpose built medical centre in […]

• 31 Jan 2019 2 min read

  Primary Health reports static earnings but increases dividend

  Primary Health reports static earnings but increases dividend – Primary Healthcare Properties has published results for the year ended 31 December 2018 [a remarkable feat given this is just one month later]. Highlights are: A 4.4% increase in the EPRA NAV to 105.1p. The net initial yield of the portfolio fell to 4.85% from 4.91% EPRA […]

• 24 Jan 2019 4 min read

  Primary Health and MedicX to merge

  Primary Health and MedicX to merge – The boards of Primary Healthcare Properties (PHP) and MedicX Fund have reached agreement on the terms of a recommended all-share merger between MedicX and PHP, which is intended to be structured as  PHP acquiring the entire issued and to be issued share capital of MedicX. Under the terms of […]

• 19 Sep 2018 1 min read

  Primary Health Properties acquires key worker accommodation

  Primary Health Properties acquires key worker accommodation – Primary Health Properties (PHP) has announced that it has acquired a modern accommodation unit for the NHS keyworkers of Wansbeck General Hospital in Ashington, Northumbria. The purchase price of the unit is £22.8 million. Maple & Elm Court is located next to the Hospital and is let to Northumbria Healthcare NHS […]

• 05 Sep 2018 1 min read

  Primary Healthcare Properties expands in Ireland

  Primary Healthcare Properties expands in Ireland – Primary Health Properties has acquired three modern, purpose built primary care centres in the Republic of Ireland, increasing the gross value of its Irish portfolio to over EUR100 million. An Irish collective investment vehicle wholly owned by PHP has acquired the entire issued share capital of Jellia Holdings Limited, a […]

• 12 Jul 2018 1 min read

  Primary Health Properties makes its fifth acquisition in Eire

  Primary Health Properties makes its fifth acquisition in Eire – Primary Health Properties (PHP) has contracted to fund and acquire a purpose built primary care centre in the Republic of Ireland. The company, which is doing this with its Irish investment vehicle Primary Health Properties ICAV, will provide development funding for the construction of the centre in Bray, County Wicklow, for […]

• 26 Feb 2018 1 min read

  Investment Trust Insider on primary healthcare

  James Carthew: doctor your portfolio with a GP landlord Primary Healthcare Properties (PHP) last week announced results for the year to 31 December 2017. It is one of three listed funds investing in GP surgeries and other primary healthcare facilities in the UK and Ireland, the others being MedicX (MXF) and Assura (AGR). Most of […]

• 15 Feb 2018 2 min read

  Primary Healthcare Properties delivers 10.5% NAV uplift

  Primary Healthcare Properties delivers 10.5% NAV uplift – Primary Healthcare Properties (PHP) has published its results for the year ended 31 December 2017. Highlights were: EPRA earnings increased by 15.7% to GBP31.0m (2016: GBP26.8m) EPRA earnings per share increased by 8.3% to 5.2p (2016: 4.8p) Net rental income increased by 7.1% to GBP71.3m (2016: GBP66.6m) IFRS […]

• 14 Dec 2017 1 min read

  Primary Healthcare Properties investing in Cork

  Primary Healthcare Properties investing in Cork – Primary Health Properties ICAV, an Irish investment vehicle wholly owned by Primary Healthcare Properties, has agreed to acquire a large modern primary heathcare facility in County Cork, Ireland for a total cost of €20 million. The facility comprises a lettable area of circa 6,500m2 and will be fully let. […]

• 27 Nov 2017 1 min read

  Primary Health Properties invests in Wincanton

  Primary Health Properties invests in Wincanton – Primary Health Properties has acquired a modern, well let, purpose built healthcare facility for a total consideration of GBP4.37 million (net assets of GBP4.37 million). PHP has acquired the entire issued share capital of Wincanton Healthcare Limited, a company whose assets and activity is the ownership of Wincanton Medical […]

• 09 Oct 2017 1 min read

  Primary Health invests in Falkirk

  Primary Health invests in Falkirk – Primary Health Properties has contracted to acquire a standing let investment property situated in Stenhousemuir, Falkirk, Scotland.  A wholly owned subsidiary of PHP has agreed to acquire Stenhousemuir Medical Centre for £8.65 million (net assets acquired of £8.65 million).  The property comprises of 2,450 m2 and is fully let to […]

• 20 Apr 2017 2 min read

  Primary Health Properties announces lower advisory fees

  Primary Health Properties (PHP) has announced that it has agreed revised terms with Nexus Tradeco Limited (its investment adviser) with respect to the fees payable for the management of its property portfolio with effect from 1 January 2017. Under the revised terms, the fee payable for the management of the Company’s property portfolio will be […]

• 23 Mar 2017 1 min read

  Primary Health building Irish care centre

  Primary Health Properties has contracted to fund and acquire a purpose built primary care centre in the Republic of Ireland. Primary Health Properties ICAV, an Irish investment vehicle wholly owned by PHP, has contracted to provide development funding for the construction of a new primary care centre in Carrigaline, for a total cost of EUR7.3  million […]

• 28 Feb 2017 1 min read

  Cash drag holds back earnings at Primary Health Properties

  Primary Health Properties says its EPRA NAV per share increased from 87.7p to 91.1p over the course of 2016. The dividend was raised from 5p to 5.125p. The first quarterly dividend of the new year has been set at 1.31pEPRA earnings per share were lower at 4.8p, down from 4.9p on the back of increased […]

• 28 Jul 2016 2 min read

  Primary Healthcare Properties’ dividend rises again

  Primary Healthcare Properties says, over the six months ended 30 June 2016, total shareholder NAV return for the period was 5.2625 pence per share or 6.0%, including dividends paid in the period. Its EPRA Net Asset Value per share increased by 3.1% to 90.4 pence (31 December 2015: 87.7 pence). EPRA Earnings increased by 27.3% to […]

• 25 Nov 2015 1 min read

  Primary Health Properties to fund Swindon medical centre

  Primary Health Properties has announced that it has contracted to fund and acquire a purpose built medical centre to be developed in Swindon Town centre. The net consideration for the property will be £10.0m. The property comprises of circa 2,500m2 to be fully let to NHS Property Services Limited for a 20 year term from […]

• 01 Jul 2015 1 min read

  Primary Health buys two medical centres

  Primary Health Properties is buying two modern, purpose built health care facilities for a total consideration of £8.7m by acquiring: 1)  the entire share capital of a company whose sole asset and activity is the ownership of a medical centre located in Thornaby, North Yorkshire (pictured).  The property is occupied by two GP practices, a pharmacy, […]

• 19 Feb 2015 1 min read

  Big jump in profits for Primary Healthcare Properties

  Primary Health Properties has announced results for the year ended 31 December 2014 that show a 6.3% increase in its EPRA net asset value to 319p (on property values up 3.2% on a like for like basis) and EPRA earnings per share more than doubled from 7.6p to 16.4p. The full year dividend has been […]

• 26 Aug 2014 1 min read

  Primary Health Properties acquires health centres in Kidderminster, South Petherton and Crewkerne

  PHP : Primary Health Properties acquires health centres in Kidderminster, South Petherton and Crewkerne Primary Health Properties has announced the acquisition of three modern, purpose built, health centres for £14.3m. The properties are Hume Street Medical Centre in Kidderminster (Pictured – 2,387 square metres with GP practices and apharmacy as tenants), South Petherton Medical Centre (916 […]

• 13 May 2014 1 min read

  Primary Health Properties : PHP – bonds

  Primary Health Properties plans to issue £75m of unsecured guaranteed convertible bonds. Maturing in May 2019, the bonds will be priced to carry a coupon somewhere between 3.75% and 4.25% and convertible in ordinary shares at a 15% to 25% premium to their current value. Primary Health Properties will use the money raised to pay […]

• 24 Feb 2014 1 min read

  Primary Health Properties : health centre in Chester

  Primary Health Properties is funding the development of a new health centre in Chester to the tune of £18.5m. Completion expected by the end of 2014.

• 20 Feb 2014 1 min read

  Primary Health Properties : PHP – final results

  Primary Health Properties has released its results for the year ended 31 December 2013. PHP’s EPRA NAV fell for the second successive year to 300p from 305p (and 319p at the end of 2011). The fall is accounted for by the payment of an uncovered dividend – they paid 19p for the year but earnings were just under 11p. […]

• 28 Jan 2014 1 min read

  Primary Healthcare Properties : PHP – new management arrangements

  PHP has made Nexus Tradeco its sole advisor as Nexus will take on non-property services from JO Hambro Capital Management. At the same time, PHP has renegotiated its property advisory fee to reflect the recent growth of the business. The overall fee will fall. Old fees were: First GBP50 million 0.5500% Between GBP50 million and GBP350 million 0.4125% […]

• 16 Jan 2014 1 min read

  Primary Health Properties : PHP – investment

  PHP is funding, to the tune of £2.25m, the building of a new medical centre in Wrexham and expects the centre will be operational by the end of 2014.

• 20 Dec 2013 1 min read

  Primary Health Properties : PHP – invests in medical centre for £3m

  PHP is funding (for £3.1m) the construction of a medical centre in Nottingham to be completed in 2015

In The Press

• 21 Sep 2022 1 min read

  Investing experts prescribe a bargain if sickly health firms perk up

  By ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY, 17 September 2022: Investors are enduring a difficult spell. High inflation is eating into returns, huge volatility is creating dramatic market swings and most portfolios have lost value since the start of the year. Amid the turbulence, you might expect that healthcare companies would provide a safe port […]

• 13 Sep 2022 1 min read

  Investment trust insider on investment company short positions

  Investment trust insider on investment company short positions – James Carthew: The UK’s most shorted investment companies The pound is sliding. This is hardly surprising given the state of the nation’s finances and the apparent sprouting of a magic money forest to fund tax cuts and energy price subsidies. Against this backdrop, I find it […]

• 13 Jun 2022 1 min read

  Property Potential

  AIC Compass, Jennifer Hill, Friday 10 June 2022: Jennifer Hill finds four compelling reasons to invest in UK Commercial Property Investors wrote off property during the Covid-19 pandemic, often in the mistaken belief that UK commercial property trusts are chock-full of high street retail and office assets. But as the cloud of lockdown has lifted, […]

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