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PHP Primary Health Properties Plc

93.75
-1.25 (-1.32%)
28 Mar 2024 - Closed
Delayed by 15 minutes

Dividends

Announcement Date Type Currency Amount Ex-Dividend Date Record Date Payment
04/1/2024 Dividend income or Cash Dividend GBP 0.01725 11/1/2024 12/1/2024 23/2/2024
05/10/2023 Dividend income or Cash Dividend GBP 0.01675 12/10/2023 13/10/2023 24/11/2023
29/6/2023 Dividend income or Cash Dividend GBP 0.01675 06/7/2023 07/7/2023 18/8/2023
23/3/2023 Dividend income or Cash Dividend GBP 0.01675 30/3/2023 31/3/2023 19/5/2023
05/1/2023 Dividend income or Cash Dividend GBP 0.01675 12/1/2023 13/1/2023 23/2/2023
06/1/2022 Dividend income or Cash Dividend GBP 0.01625 13/10/2022 14/10/2022 25/11/2022
06/1/2022 Dividend income or Cash Dividend GBP 0.01625 07/7/2022 08/7/2022 19/8/2022
06/1/2022 Dividend income or Cash Dividend GBP 0.01625 31/3/2022 01/4/2022 20/5/2022
06/1/2021 Dividend income or Cash Dividend GBP 0.0155 14/10/2021 15/10/2021 26/11/2021
06/1/2021 Dividend income or Cash Dividend GBP 0.0155 08/7/2021 09/7/2021 20/8/2021
06/1/2021 Dividend income or Cash Dividend GBP 0.0155 01/4/2021 06/4/2021 21/5/2021
07/1/2021 Dividend income or Cash Dividend GBP 0.0155 14/1/2021 15/1/2021 26/2/2021
02/1/2020 Dividend income or Cash Dividend GBP 0.01475 08/10/2020 09/10/2020 20/11/2020
02/1/2020 Dividend income or Cash Dividend GBP 0.01475 02/7/2020 03/7/2020 21/8/2020
02/1/2020 Dividend income or Cash Dividend GBP 0.01475 02/4/2020 03/4/2020 22/5/2020
25/7/2019 Dividend income or Cash Dividend GBP 0.014 10/10/2019 11/10/2019 22/11/2019
Dividends data is taken only from official company reports.

Top Dividend Posts

Top Posts
Posted at 21/3/2024 09:00 by ygor705
Looks like we might be starting to move back up to the £1 mark here. A recent post was talking about this being a decent hedge with 10 gilts. If that is the case and PHP is trending like a gilt, last night's Fed announcement should push the share price better.
Posted at 20/3/2024 10:29 by williamcooper104
It's strange in that PHP has long had notable shorts of c4-5 percent That's not that high but it's higher than its peers The leverage is if not toxic still quite high; and once it did trade at very high multiples, so perhaps that was the attraction
Posted at 20/3/2024 09:58 by chucko1
That inflation number is mixed, in that the services component was not as encouraging as the core headline. Nevertheless, it was instructive to listen to Lagarde talking in Frankfurt, citing services (hence wage) inflation as being a key determinant of future policy. I suspect the BoE are similarly positioned and we will hear more from Bailey very soon.

The bullish argument is that wage inflation is severely lagging, and that monetary policy will eventually and significantly transmit through to wages etc. Countering this are European demographics, likely less so in the UK but "illness/disability - [ha-ha]" might equalise this.

In terms of the short positions on PHP, none are particularly aggressive, and do not appear to be questioning the business viability. A key hedge fund trade with respect to REITS has been the spread against government bonds, which had narrowed significantly leading up to the turning point in the IR cycle. At that point, I totally agreed and sold heavily, but I think it is far less clear now that REITs remain expensive to Gilts. If you look at the way in which, for example, GLG alter their position on a micro basis, it does suggest a relative value trade rather than something more toxic.

I bought a few this morning, the first position for a couple of years. It is by far from being a short term trade, and I expect to buy quite a few more as and when.
Posted at 19/3/2024 18:21 by blueclyde
UK inflation data tomorrow. No idea what the number will be but if it comes in soft I am expecting this to move back to 170p a share. Looks like the easiest double your money if you believe rates will fall. Surprised a lot more equity funds not locking in the yield considering the dividend has went up every year for nearly 30 years. Directors seem to be buying big too. The fact it also pays a dividend quarterly too is attractive as you can compound it nicely.
Posted at 18/3/2024 08:37 by masurenguy
Primary Health Properties
Shares Magazine: March 2024

This real estate investment trust invests in the “modern, purpose-built primary care facilities” that the NHS needs to deal with the challenge of an ageing population. Long-term leases to government-backed bodies make for a highly reliable income stream and near-100% occupancy rates; 28 consecutive years of payout growth put PHP among the FTSE’s “dividend royalty”. On a 21% discount to net asset value and on a 7.7% yield, the stock seems cheap. 90p
Posted at 01/3/2024 13:27 by ygor705
Agree panshangar but shorters may be more sector than stock driven here. As long as sterling holds up in the face of some pretty dire looking uk politics, PHP should be ok at these levels.
Posted at 01/3/2024 11:31 by ygor705
Just been tidying up my ISA portfolios and decided to chuck out the non-performing dross and balance that with a bit of profit-taking. Had a bit of cash left over so decided to top up here. The one thing about PHP is that it is a rock solid performer and consistently high dividend payer. Its record is solid over decades and deserving of a better rating. Once interest rates start to turn down the share price will slowly pick up......just a matter of being patient.
Posted at 28/2/2024 07:06 by skinny
Harry Hyman, Chief Executive, commented:

"We are encouraged by the organic rental growth achieved in 2023, resulting in another record year with an additional £4.3 million generated from our rent review and asset management activities. The strong rental growth in the year has been reflected in the positive total property return, significantly ahead of the wider property market.

"Furthermore, with over 97% of PHP's debt either fixed or hedged, a strong control on costs, significant liquidity headroom and just one development on site we have limited exposure to further cost increases and development risk.

"The high quality of PHP's portfolio reflects the security and longevity of our income with 89% government funded, near full occupancy and continued rental growth which are key drivers of our predictable cash-flows and underpin our progressive dividend policy with 28 years of continued growth. With a market leading portfolio across the UK, and increasingly in Ireland, we are well positioned for long-term success."
Posted at 28/2/2024 07:01 by skinny
EARNINGS AND DIVIDENDS

· Adjusted earnings per share increased by 3.0% to 6.8p (2022: 6.6p) marginally ahead of analyst consensus

· IFRS earnings per share decreased by 52.4% to 2.0p (2022: 4.2p) reflecting non-cashflow losses arising on the valuation of the Group's property portfolio, convertible bond and interest rate derivatives

· Contracted annualised rent roll increased by 3.8% to £150.8 million (31 December 2022: £145.3 million)

· Additional annualised rental income on a like-for-like basis of £4.3 million or 3.0% from rent reviews and asset management projects (2022: £3.3 million or 2.4%)

· EPRA cost ratio 10.7% (2022: 9.9%), representing one of the lowest in the UK REIT sector

· Quarterly dividends totalling 6.7 pence (2022: 6.5 pence) per share distributed in the year, a 3.1% increase

· First quarterly dividend of 1.725 pence per share declared and paid on 23 February 2024, equivalent to 6.9 pence on an annualised basis and a 3.0% increase over the 2023 dividend per share, marking the Company's 28th consecutive year of dividend growth

· The Company intends to maintain its strategy of paying a progressive, fully covered dividend
Posted at 26/7/2023 07:23 by skinny
For the record :-



Primary Health Properties PLC

Interim results for the six months ended 30 June 2023

Organic rental growth continuing to drive performance and dividend fully covered at 102%

Primary Health Properties PLC ("PHP", the "Group" or the "Company"), a leading investor in modern primary health facilities, announces its interim results for the six months ended 30 June 2023 (the "period").

Harry Hyman , Chief Executive of PHP, commented:

"We are encouraged by the improvement in rental growth experienced in the first half of the year and expect to deliver over GBP4 million of extra income during 2023, another record and continuing the trend seen in recent years. We believe PHP will be a beneficiary of both the current inflationary environment and the significant rise in construction costs seen in recent years both through open market and index-linked reviews. Furthermore, with 97% of PHP's debt either fixed or hedged for a weighted average period of just under seven years, a strong control on costs and just one development on site we have limited exposure to further cost increases and development risk.

"The security and longevity of our income, near full occupancy together with stronger rental growth are the key drivers of our predictable cash-flows and underpin our progressive dividend policy with 27 years of continued growth."

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