Primary Health Properties 2016 interim results

DividendMax Ltd.

Primary Health Properties 2016 interim results

FINANCIAL HIGHLIGHTS

·      Net rental income increased by 5.2% to £32.2 million (30 June 2015: £30.6 million)

·      EPRA Earnings increased by 27.3% to £12.6 million (30 June 2015: £9.9 million)

·      EPRA Earnings per share increased by 9.1% to 2.4 pence (30 June 2015: 2.2 pence2)

·      IFRS profit before tax reduced to £25.4 million (30 June 2015: £32.4 million)

·      EPRA Net Asset Value per share increased by 3.1% to 90.4 pence (31 December 2015: 87.7 pence)

·      Total dividends of 2.5625 pence per share paid in the period (30 June 2015: 2.5 pence), the 20th successive year of dividend growth

·      Dividend fully covered (year ended 31 December 2015: 98%; six months ended 30 June 2015: 89%) 

·      Third quarterly dividend of 1.28125 pence per share payable on 26 August 2016

Companies mentioned