Target Healthcare REIT plc (THRL.L) Tuesday reported profit before tax of 30.76 million pounds for the first half, compared with a loss of 34.18 million pounds in the previous year, primarily due to loss on investments last year.
The company had a gain on investments of 7.75 million pounds for the latest period, compared with a loss of 58.06 million pounds a year ago.
Target Healthcare posted a net profit of 30.76 million pounds or 4.96 pence per share for the six-month period compared with loss of 34.18 million pounds or 5.51 pence per share last year.
EPRA earnings declined to 23.42 million pounds or 3.78 pence per share from 24.13 million pounds or 3.89 pence per share a year ago.
Excluding special items, group specific adjusted EPRA earnings were 18.92 million pounds or 3.05 pence per share compared with 18.69 million pounds or 3.01 pence per share last year.
Revenue for the period was nearly flat at 34.06 million pounds compared to 34.04 million pounds in the previous year.
EPRA NTA (Net Tangible Assets) per share as of December 31, 2023 was 106.7 pence per share compared with 104.5 pence per share as on June 30, 2023.
For comments and feedback: editorial@rttnews.com