StockMarketWire.com - Target Healthcare REIT raised its interim dividend by 2% after higher rental incomes and property valuations boosted profits.

The company declared a dividend for the six months through December of 3.2895p per share.

Pre-tax profit rose 39% to £8.7m and the company's EPRA net asset value per share, a key measure of performance, rose 1.1% to 106.9p.

'The long-term, stable nature of the returns anticipated from our portfolio, when allied with the group's revised fee arrangements and flexible capital structure, should enhance earnings and allow the group to fully cover the progressive dividend it anticipates delivering to shareholders,' chairman Malcolm Naish said.


At 9:20am: [LON:THRL] Target Healthcare Reit Ltd share price was 0p at 115.5p



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