Impact Healthcare Reit Share Discussion Threads

[ryesloan] 29/1/2021 17:26

If they can as good as damn it hit their total return target of 9% in 2020 then you must have confidence that they are more than capable of doing that (and more) going forward.A solid investment this one that appears to have a very competent management team which left to compound will do LTH's very well indeed I think.

[cwa1] 29/1/2021 17:05

Surprisingly perky finish with almost 60K taken at 115p in the UT

[18bt] 29/1/2021 07:23

Another strong update - not least of which is 93% of their Care Homes getting at least one does of vaccine. The increase in the target dividend puts this on a 5.8% yield. Plus a bit of capital growth and that is well in line with what I am targeting for the long term returns on this share.

[catch007] 14/1/2021 15:55

Been adding over the course of the pandemic. Good divi, strong rent collection and excellent prospects post covid. The vaccination process reduces care home risk and the share price will surely respond in time.

[18bt] 13/1/2021 09:44

SP here hasn't really responded to the COVID de-risking of the Care sector which is happening in the next couple of weeks. IHR tends to have better run management companies (and larger ones) as its tenants. These are the ones that can organise the vaccinations in good time. Vaccines are going to open up a gap between the bigger and smaller care homes and IHR looks well placed.

[18bt] 30/10/2020 09:45

Isee that they are advertising for another NED with specific Healthcare property investing expertise on Nurole.

[cwa1] 28/10/2020 07:52

Satisfactory stuff:-

[18bt] 28/10/2020 07:30

Another rassuring update. Continues with 100% rent collection. It would have been interesting if they had been able to give figures on occupancy rates, but the relatively few homes which have had infections is credit to the quality of the managers they deal with.

[spin doctor] 04/9/2020 11:13

Indeed.

Compare to the very similar THRL which is now at par to its NAV, but its share price off ~10% compared to pre-COVID.

[18bt] 04/9/2020 07:21

I'm surprised with continued 100% rent collection and therefore the future dividend stream looking increasingly secure that the share price isn't much closer to pre-COVID levels. Given that interest rates are lower, the value of that dividend stream is higher. Whilst there is definitely a societal debate to have post COVID on caring for the elderly, I can't see significant risk for well-run private carehome groups. Council-owned, smaller groups, smaller homes and highly leverage PE groups, yes I can see higher regulation will cost, but in those that take in largely privately funded residents, there will be a premium to be paid for those care homes where COVID was handled well. All most all of IHP's estate and tenants are in this category.

[cwa1] 04/9/2020 06:30

Acquisition and financial update announced this morning:-

Financing and pipeline

The St Peters House transaction and completion of the Holmes Care acquisition are financed from the Group's existing cash resources and available debt facilities and the Group remains well capitalised, with a strong balance sheet and has significant liquidity and headroom, with 100% collection of rent due for the year to date .

When the Company paused new acquisitions in March, the Group had a strong pipeline of potential investments and it is now re-engaging on certain acquisitions along with new opportunities, some of which are at an advanced stage. The Group expects to make further announcements in due course.

[cwa1] 20/8/2020 07:33

XD today, pay day 4/9. 1.57p

[18bt] 12/8/2020 07:45

It's yielding over 6% at these levels and looks a lot more secure than loads of the other REITS.

[cwa1] 12/8/2020 06:33

Pleasing results:-



Rupert Barclay, Chairman of Impact Healthcare REIT PLC, commented:

" The Group works closely with all its tenants as they continue to provide an essential service to the communities in which they operate. We remain a long-term business and the Company's healthcare portfolio continues to provide crucial social care infrastructure supporting vulnerable elderly people across the UK. We are confident that, despite the short-term uncertainty produced by the pandemic, the fundamental drivers of our industry and business remain strong.

The Company's business model remains robust and resilient as demonstrated by the Group's 100% collection of rent due for the year to date and we continue to be well positioned for the short and longer term. We remain well capitalised, with a strong balance sheet and have significant liquidity and headroom, which together leave us well placed to continue to deliver value responsibly for all our stakeholders: our tenants, residents in the care homes we own, our tenants' care professionals and our shareholders."

Asset sale at a chunky premium to book:-



ASSET DISPOSAL AND SMALLER RELATED PARTY TRANSACTION

The Board of Directors of Impact Healthcare REIT plc (ticker: IHR), the real estate investment trust which gives investors exposure to a diversified portfolio of UK healthcare real estate assets, in particular care homes, is pleased to announce that the Group has sold The Shrubbery care home in Worcester to a developer for alternative use.

The sales price represents a 24% premium to the latest book value as at 30 June 2020 and a 29% uplift on the purchase price .

And dividend news as expected:-

This dividend is for the period from 1 April 2020 to 30 June 2020 and is payable on 4 September 2020 to shareholders on the register on 21 August 2020. The ex-dividend date will be 20 August 2020. This dividend will be a property income distribution dividend ("PID").

This dividend is in line with the aggregate total dividend target of 6.29 pence per share 1 for the year ending 31 December 2020, which was reaffirmed by the Board on 10 July 2020 as a result of the Group's 100% collection of rent for the year to date.

Oh, and did we mention, we've had 100% rent collection for the period :-)

[18bt] 12/8/2020 06:31

Reassuring results and update. Deserves to be a little higher IMHO.

[cwa1] 17/7/2020 15:50

Pleasing to see today's rise...bit of a delayed reaction to a decent update I thought though!

[cwa1] 15/7/2020 09:36

Just taken a little additional piece of IHR at 96'ish. SEEMS decent medium term value here to me. Time will tell, I suppose.

[cwa1] 14/7/2020 07:47

Edison research:-



Valuation: DPS growth linked to rental uplifts

Impact targets aggregate DPS of 6.29p in FY20 (+1.9%), barring a material COVID-19 impact on rent collection, representing an attractive yield of 6.5% while the c 6% discount to NAV compares with an average 3% premium since IPO (peak of 11%).

[cwa1] 10/7/2020 06:48

100% is a very nice, round, number that's hard to improve upon! Very happy with that.

[18bt] 10/7/2020 06:37

Classy update this morning - shows how little IMHO well-run care homes should have been affected by COVID. Still some headrooms on occupancy for tenants, but 100% rent received is much better than e.g. the office REIT sector.

[18bt] 30/4/2020 16:47

Buy Tip in the IC tomorrow.

[davidosh] 04/4/2020 11:47

This is a Four Seasons home just reported on the BBC website...

Thirteen residents at a Glasgow care home have died in one week following a suspected outbreak of coronavirus.
Staff at Burlington Care Home, Cranhill, said they were "closely monitoring" the health of other people in their care and that "strict protocols" were in place.
All of the deceased residents had underlying health conditions and their families have been made aware.
Two staff members have tested positive and are being treated in hospital.

[stemis] 02/4/2020 12:43

Yes, I was out two days ago at 90.5p. Left a penny or so, so far, on the table but a 28% profit in a few day isn't to be sniffed at (even if but a drop of blue in a bath of red...)

[davidosh] 02/4/2020 08:36

I do think the care home sector is vulnerable at present and the Covid outbreak and deaths at Oak Springs CH in Liverpool shows how a provider can be left in an awful situation

[stemis] 30/3/2020 09:53

Rising in a falling market is always a good sign...