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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Target Healthcare Reit Plc | THRL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.80 | 0.94% | 85.80 | 16:35:22 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 82.50 | 82.50 | 85.80 | 85.80 | 85.00 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT TRUSTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 05/02/2025 | Interim | GBP | 0.01471 | 13/02/2025 | 14/02/2025 | 28/02/2025 |
| 29/10/2024 | Interim | GBP | 0.01471 | 14/11/2024 | 15/11/2024 | 29/11/2024 |
| 06/08/2024 | Interim | GBP | 0.01428 | 15/08/2024 | 16/08/2024 | 30/08/2024 |
| 09/05/2024 | Interim | GBP | 0.01428 | 16/05/2024 | 17/05/2024 | 31/05/2024 |
| 01/02/2024 | Interim | GBP | 0.01428 | 08/02/2024 | 09/02/2024 | 23/02/2024 |
| 01/11/2023 | Interim | GBP | 0.01428 | 09/11/2023 | 10/11/2023 | 24/11/2023 |
| 02/08/2023 | Interim | GBP | 0.014 | 10/08/2023 | 11/08/2023 | 25/08/2023 |
| 03/05/2023 | Interim | GBP | 0.014 | 11/05/2023 | 12/05/2023 | 26/05/2023 |
| 02/02/2023 | Interim | GBP | 0.0169 | 09/02/2023 | 10/02/2023 | 24/02/2023 |
| 02/11/2022 | Interim | GBP | 0.0169 | 10/11/2022 | 11/11/2022 | 25/11/2022 |
| 04/08/2022 | Interim | GBP | 0.0169 | 11/08/2022 | 12/08/2022 | 26/08/2022 |
| 05/05/2022 | Interim | GBP | 0.0169 | 12/05/2022 | 13/05/2022 | 27/05/2022 |
| 27/01/2022 | Interim | GBP | 0.0169 | 10/02/2022 | 11/02/2022 | 25/02/2022 |
| 03/11/2021 | Interim | GBP | 0.0169 | 11/11/2021 | 12/11/2021 | 26/11/2021 |
| 04/08/2021 | Interim | GBP | 0.0168 | 12/08/2021 | 13/08/2021 | 27/08/2021 |
| 12/02/2021 | Interim | GBP | 0.0168 | 13/05/2021 | 14/05/2021 | 28/05/2021 |
| 02/02/2021 | Interim | GBP | 0.0168 | 11/02/2021 | 12/02/2021 | 26/02/2021 |
| 03/11/2020 | Interim | GBP | 0.0168 | 12/11/2020 | 13/11/2020 | 27/11/2020 |
| 17/09/2019 | Interim | GBP | 0.0167 | 13/08/2020 | 14/08/2020 | 28/08/2020 |
| 17/09/2019 | Interim | GBP | 0.0167 | 07/05/2020 | 11/05/2020 | 29/05/2020 |
| Top Posts |
|---|
Posted at 01/11/2024 16:34 by saltaire111 I think what we’re seeing with Target is that the sh1t that shadyfall were throwing towards the company was basically untrue. The company’s dividend is healthy, their customer base is reliable and their assets are best in class.I like it. Salty. |
Posted at 17/9/2024 06:21 by igoe104 Seems very good results to me. |
Posted at 27/6/2024 06:10 by nerja Target Healthcare REIT plc and its subsidiaries("Target Healthcare" or "the Group") Disposal of four care homes for £44.5 million Target Healthcare (LSE: THRL) announces that it has completed the disposal of four UK care homes for £44.5 million to the incumbent tenant. The sale price reflects a modest premium to the portfolio's carrying value at both 31 December 2023 (the latest date prior to the offer being received) and 31 March 2024, and an implied net initial yield of 5.64%. Proceeds from the disposal, which represented 326 beds and c.4.6% of the Group's overall portfolio value, will enable a partial repayment of the Group's revolving credit facilities and therefore reduce its unhedged interest cost. Overall, the disposal reduces net LTV by approximately 3.8%. These assets were originally constructed in 2007/08, and were consequently amongst the oldest assets in the Group's portfolio, and had a c.12% lower gross internal floor space per resident than the portfolio's weighted average. In addition, these assets represented the Group's four shortest lease terms, with an average of 13.6 years remaining. Following the disposal, the portfolio's weighted average unexpired lease term increases to 26.3 years from 25.8 years, and the Group's weighting to Yorkshire and the Humber reduces, an area that was previously its largest geographical exposure. These properties were originally acquired as part of the significant portfolio acquisition in December 2021. Despite the relatively short holding period for a property investment, this disposal enabled the Company to crystalise significant value from these assets, resulting in an annualised ungeared IRR in excess of 7% over the period of ownership (including both acquisition and sales costs) and is a testament to the Group's asset management expertise. Scott Steven, Head of Asset Management at Target Fund Managers, commented: "These care homes have been a successful investment for the Group, delivering a consistent and attractive rental yield over the period of ownership, combined with the realisation of a capital uplift on disposal. We care deeply about the quality of our assets and the services they facilitate; however we are not unduly attached to holding onto the bricks and mortar where we identify opportunities to improve both the overall portfolio and the Group's capital structure. This disposal is a clear illustration of our ability to pro-actively manage the portfolio to provide an attractive and sustainable level of income, together with the potential for growth, from our diversified portfolio of modern, purpose-built care homes." |
Posted at 09/5/2024 06:33 by ammons Nice update this morning. |
Posted at 27/3/2024 09:10 by raj k I have strated looking at the property companies in the healthcare sector.As i understand THRL just own the property and collect rent from a care home operator. So they get long lease rental income from the operator and i see they get some non rental income. Is this becuase the operators pay THRL to manage repairs and maintenance? Also does anyone know are there any healthcare property companies that actually are the operators too? |
Posted at 11/10/2023 14:26 by gonsan hxxps://tools.eurolaLink to full year results. A reduciton of 2 p by jefferies to 105p is ok (i hope we reach that). I think i will recycle some of my EPIC holder to invest more here. The REIT reason to exist makes a lot of sense to me. |
Posted at 31/8/2023 15:55 by brad44 supressed share price and decent divi, is there a good reason to not buy these? |
Posted at 11/8/2023 08:35 by betman I am completely new to THRL but the dividend yield, discount to NAV, long term RPI linked rental contracts, quality real estate assets. What's not to like. Well Mr Market has cut the price from 120p to 72p. The collapse started around the disastrous Sept 2022 budget and the steep rise in interest rates. Is the fall all about interest rates or are there other factors lurking that explain fall ?Eg. Affordability of rents, tenants going bust and bad debts Would appreciate any long term followers views on why the aren't a screaming buy for the dividend and at least a partial increase in NAV |
Posted at 04/8/2023 11:24 by catch007 I bought a few today to average down my holding and pick up the dividend. THRL are holding up well in a difficult trading environment taking appropriate management actions as issues arise. 90% of properties ESG rated A & B should mean decent assets can be sold if needed however operations seem robust at present. |
Posted at 08/12/2022 11:47 by uapatel Was re reading the Edisongroup document on Target Healthcare. It suggests they might review the dividend and cut it by around 20%. But nothing official from the company might be more a case of we’ve looked into it with new members of the board and decided to stick with our dividends. But that might explain the recent pull. Back from High 80s. But beyond this I’m no wiser.Page 4…. Target is primarily focused on income returns, and we would expect that maintaining a high distribution to shareholders is important to the board. It is nonetheless the case that there are some investors with a preference for fully covered dividends and we can also see some advantages that would arise from a rebasing of the dividend. An uncovered dividend requires capital resources to be diverted away from long-term growth and in the near term requires additional borrowing, which is unattractive at high borrowing rates. Moreover, whatever the level of dividends paid, there is no impact on total accounting returns. A 20% rebasing of the dividend would be sufficient to restore underlying (excluding the hedging premium) cover for FY23, create a base for future growth, and at the current share price would represent a yield of more than 6%…. |
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