Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Care home investor Target Healthcare reaffirmed dividend plans, while announcing that it had acquired a newly-developed care home in Bicester, Oxfordshire for £15m.
The company said that, as a result of its strong rental collection, it was reaffirming its intention to pay a dividend for the quarter through June, in line with expectations.
Target Healthcare said 96% of rent payable in respect of the recent quarter had been collected, after allowing for agreements on a limited proportion of the portfolio's 71 operational care homes to pay monthly in advance.
'The group's portfolio has continued to demonstrate its high quality and defensive characteristics throughout the Covid-19 pandemic,' the company said.
At 9:51am: (LON:THRL) Target Healthcare Reit Ltd share price was +1.8p at 109.6p