TIDMPHP

Primary Health Properties PLC

02 March 2017

Hardman Research: Clear dividend growth prospects

Primary Health Properties REIT: PHP reported final results 16(th) February. PHP has paid 20 years' unbroken dividend increases since first listed. Assets are all on long term leases, mostly upward only rents: a REIT with sustainable growth. At a relatively mature stage in the market cycle, this offers growth with resilience. With a successful GBP150m fund raise under its belt, visibility of steady expansion and re-gearing imparts upward momentum to EPS. We thus see scope for continuing further dividend growth. 2016 cash dividend cover was 100%. 2017 onwards we see growing, covered dividends.

Please click here for the full report:

http://hardmanandco.com/docs/default-source/company-docs/primary-health-properties-documents/primary-health-properties-2-march-2017.pdf

 
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March 02, 2017 07:09 ET (12:09 GMT)

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