Edison Investment Research Limited
Edison Investment Research Limited: Edison issues outlook on Primary Health
Properties (PHP)
06-March-2020 / 16:23 GMT/BST
London, UK, 6 March 2020
Edison issues outlook on Primary Health Properties (PHP)
The merger with MedicX has been transformational for Primary Health
Properties (PHP). It brought together two high-quality, complementary
portfolios, delivered immediate operational and financial synergies with the
potential for more, and provided investors with an increased market
capitalisation and enhanced share liquidity. PHP is well placed to
profitably address the substantial investment needs of the primary
healthcare sectors in the UK and Ireland and benefit from increasing
evidence of accelerating rental growth.
Income visibility is strong, with long leases and substantially upwards-only
rents, 90% backed directly or indirectly by government bodies, with little
exposure to the economic cycle, or fluctuations in occupancy. With dividends
growing and fully covered by earnings, the FY20e yield is 3.8%, supporting a
premium to NAV.
Click here [1] to view the full report.
All reports published by Edison are available to download free of charge
from its website
www.edisongroup.com [2]
About Edison: Edison is an investment research and advisory company, with
offices in North America, Europe, the Middle East and AsiaPac. The heart of
Edison is our world-renowned equity research platform and deep multi-sector
expertise. At Edison Investment Research, our research is widely read by
international investors, advisers and stakeholders. Edison Advisors
leverages our core research platform to provide differentiated services
including investor relations and strategic consulting.
Edison is authorised and regulated by the Financial Conduct Authority [3].
Edison is not an adviser or broker-dealer and does not provide investment
advice. Edison's reports are not solicitations to buy or sell any
securities.
For more information please contact Edison:
Martyn King, +44 (0)20 3077 5745
financials@edisongroup.com
Learn more at www.edisongroup.com [2] and connect with Edison on:
LinkedIn https://www.linkedin.com/company/edison-investment-research [4]
Twitter www.twitter.com/Edison_Inv_Res [5]
YouTube www.youtube.com/edisonitv [6]
Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
End of Announcement - EQS News Service
991677 06-March-2020
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(END) Dow Jones Newswires
March 06, 2020 11:23 ET (16:23 GMT)
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