Primary Health Properties (PHP) ended 2025 with contracted rent roll of £342mn. This reflects the combined portfolios of PHP and Assura, and an £8.3mn benefit from rent reviews.
Since its £1.6bn acquisition of Assura in October, 60% of its £9mn cost-saving target has been delivered. Net debt stood at £3.4bn at year-end.
A quarterly dividend of 1.825p per share was announced, up 2.8% on the prior year.
The shares were broadly flat in early trading.
Our view
HL view to follow.
Primary Health Properties key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
This article is not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment.