StockMarketWire.com - Assura reported a slip in half-yearly profit amid lower revaluation gains.
For the six months to 30 September 2019, pre-tax profit fell 3% to £36.4m on-year, while net rental income was up 10% to £50.6m and rent roll up 2% to £104.4m.
The company's portfolio value rose 3% to £2,039m and earnings, or EPRA net assets value, increased 0.2p to 53.5p.
A revaluation gain of £0.4m was reported for the half, compared with £0.5m a year earlier.
The company said its current pipeline stood at £65m of targeted acquisitions and £72m of development opportunities currently in legal hands.
The interim dividend was raised 8% to 1.4p per share.
Looking ahead, Assura 'will continue its work to provide outstanding spaces for health services in our communities whilst also providing stable long-term returns, reflected in the proposed increase in quarterly dividend from January 2020,' it added.
At 9:42am: [LON:AGR] Assura Group Ltd share price was -0.3p at 72.3p
Story provided by StockMarketWire.com
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