Continuing Strong DPS Growth Well Supported
Primary Health Properties PLC (PHP) is a long-term investor in
primary healthcare property in the UK and the Republic of Ireland. Income visibility and security continue to be the hallmark of Primary Health Properties (PHP), now in its 26th year of unbroken dividend growth.FY21 showed strong progress despite a competitive market for acquisitions, driven by rent reviews and asset management, and operational and financial savings from management internalisation and debt refinancing. The annualised rate of 6.5p represents a prospective 4.8% dividend yield and Edison Group expects further growth in fully covered DPS.