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Income Progress Mitigates Pressure on Valuation

For Q223, Target Healthcare REIT Ltd (THRL) (THRL) declared a second quarterly DPS of 1.69p, supported by inflation-linked rental growth and improving rent collection, which are in turn protected by fixed costs on 96% of borrowings. According to Edison Group, yield widening across the broad property sector affected the portfolio’s property valuations, although the effect was significantly mitigated by the quality of Target’s portfolio and long-term, indexed leases.

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