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Writer's pictureAdam Strydom

Growth from a Firm Base

Target Healthcare REIT Ltd (THRL)'s decision to rebase the quarterly DPS targeted for H223 (-17% to 1.4p per quarter) established full DPS cover from a base that Edison Group’s forecast will grow, driven by indexed rental growth. According to Edison, yield remains attractive and rather than the rebase signaling new challenges, operational performance continues to strengthen.





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