‘Strong performance’ for Assura as income surges ahead

Jonathan Murphy, Assura CEO

Assura, the healthcare property investor and developer, has reported another period of strong growth.

Reporting its results for the six months to 30 September 2022, Assura said there was a strong demand for ‘high quality’ community healthcare buildings.

It said passing rent roll increased 3% to £139.3m with net rental income up 15% to £70m.

Assura, which has a portfolio of 603 primary care properties serving 6.5 million people across the UK, also reported a 5% increase in the value of its portfolio to £2.8bn during the half year.

Jonathan Murphy, CEO, said this has been another ‘strong performance for Assura.’

He said: “More broadly, we see growing and consistent demand for high-quality community healthcare buildings that is not linked to the economic cycle.

“The need to invest in primary care has widespread cross-party political support – given it is cheaper for the NHS to deliver services in this setting and as pressure on hospital resources becomes increasingly unsustainable.

“Looking ahead, our proven strategy, specialist expertise, track record of delivery and a predictable, growing income stream – the majority underpinned by the NHS – means we are well placed to continue delivering attractive returns for shareholders over the long term.”

Assura has increased its quarterly dividend by 5% to 0.78p per share.

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