Primary Health Properties (PHP) has reported an increased interim dividend of 9.5p for the six months ended 30 June 2013 (30 June 2012: 9.25p) marking the group’s 17th successive year of dividend growth.
Net asset value (NAV) per share has increased 12.9 per cent to 265.9p (31 December 2012: 235.5p). EPRA NAV per share is 301.3p (31 December 2012: 305.0p).
PHP issued 21.7 million new shares at GBP3.15 per share during the period, raising GBP65.8m of new capital (net of issue costs).
Harry Hyman, managing director of PHP, says: “We are delighted at the performance of the group in the first six months of the year. We have continued to build our portfolio of high-quality, modern primary healthcare facilities and increased our rent roll. Our recent, successful equity raising demonstrates the continued appeal both to retail and institutional investors, of the group’s business, underpinned by long term leases where 90 per cent of the rent roll is directly or indirectly received from the NHS. We will continue to build the portfolio in 2013 and focus on returning to full dividend cover while providing the best returns for shareholders.”