EarningsThe company's adjusted EPRA earnings per share increased by 2.6%, and the dividend grew by 3.0%, comfortably covered by earnings at 107%.
Financial PerformanceTarget Healthcare REIT's portfolio is fully let on inflation-linked leases to financially robust tenants, evidenced by 98% rent collection and 1.9x rent cover.
Market PositionTarget Healthcare REIT is well-positioned to outperform the broader care home market, supported by positive demographic tailwinds and a high proportion of private pay.