Security of rising income; accelerating dividend growth
90% of PHP’s income is backed by the UK or Republic of Ireland (RoI) governments. Occupancy consistently exceeds 99%. We are confident investors will continue to seek out REITs with a strong asset-class focus, particularly categories that provide security of rising income. PHP achieves all this, and its dividend per share growth rate is accelerating as a result. In total contrast to the wider real estate market, rent reviews on PHP assets are accelerating upwards. PHP’s growth avenues are expanding. The March 2019 merger with MedicX Fund – as well as a £4m p.a. synergy efficiency and additional investment assets of more than £800m – has added complementary routes to purchase new assets.
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