Target Healthcare REIT - Rent cover at a high and fully covered DPS

189 Views07 Feb 2024 01:10
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SUMMARY

Target Healthcare REIT’s Q224 update shows indexed rent reviews driving increased earnings and property values. Tenant profitability continues to strengthen, reflected in a new high level of rent cover and a continuing high level of rent collection. Quarterly DPS, increased by 2% at the start of FY24, is now well covered by adjusted earnings.

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