Target Healthcare REIT PLC (THRL.L) reported that its profit for the year ended 30 June 2024 was 73.02 million pounds or 11.77 pence per share compared to a loss of 6.57 million pounds or 1.06 pence per share in the prior year.
Gains on revaluation of investment properties for the year were 24.69 million pounds compared to a loss of 54.02 million in the prior year.
Adjusted EPRA earnings per share increased 2.2% to 6.13 pence per share from the prior year.
Total revenues for the year grew to 69.55 million pounds from 67.75 million pounds in the prior year.
The company said it plans to increase the quarterly dividend in respect of the year ending June 2025 by 3.0% to 1.471 pence per share, providing an annual total dividend of 5.884 pence.
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