TIDMPHP

Primary Health Properties PLC

22 February 2018

Hardman Research - Strong 2017 results and prospects

Strong 2017 results and prospects: Positive 2017 results (dated 15(th) February) illustrate continuing good momentum. Currently, UK acquisitions achieve average 4.9% net initial yields and thus generate a 1.4% average yield pick-up after operating and interest costs. Investment in Republic of Ireland (RoI) yields a 3.0% pick-up in the net income yield versus cost of debt. Once again, PHP lowered its cost of debt. Also, one example of several, Aviva renewed a GBP75m loan facility to November 2028 at a fixed interest rate of 3.1%; this renewal results in interest savings of GBP675,000 p.a. to PHP (beginning November 2017). PHP has excellent assets and a 'following wind'.

Please click here for the full report:

http://hardmanandco.com/docs/default-source/company-docs/primary-health-properties-documents/22.02.18-strong-2017-results-and-prospects.pdf

 
 To contact us:          Contacts:       mf@hardmanandco.com 
  Hardman & Co            Mike Foster 
  35 New Broad Street     +44 20 7194 
  London                  7622 
  EC2M 1NH 
  www.hardmanandco.com 
  Follow us on Twitter 
  @HardmanandCo

About Hardman & Co: For the past 21 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge. Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case.

Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259.

Our research is provided for the use of the professional investment community, market counterparties and sophisticated and high net worth investors as defined in the rules of the regulatory bodies. It is not intended to be made available to unsophisticated retail investors. Anyone who is unsure of their categorisation should consult their professional advisors. This research is neither an offer, nor a solicitation, to buy or sell any security. Please read the note for the full disclaimer.

This information is provided by RNS

The company news service from the London Stock Exchange

END

NRAKMGZZNMMGRZM

(END) Dow Jones Newswires

February 22, 2018 02:02 ET (07:02 GMT)

Primary Health Properties (LSE:PHP)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024 Primary Health Properties 차트를 더 보려면 여기를 클릭.
Primary Health Properties (LSE:PHP)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024 Primary Health Properties 차트를 더 보려면 여기를 클릭.