Assura (AGR)

Sector:

Health Care

Index:

FTSE 250

42.32p
   
  • Change Today:
      0.42p
  • 52 Week High: 52.60
  • 52 Week Low: 39.46
  • Currency: UK Pounds
  • Shares Issued: 2,984.79m
  • Volume: 5,935,908
  • Market Cap: £1,263.16m
  • RiskGrade: 89

Assura FY pre-tax profits surge in year of 'significant progress'

By Iain Gilbert

Date: Tuesday 24 May 2022

LONDON (ShareCast) - (Sharecast News) - Property investor and developer Assura said on Tuesday that it had delivered "another year of significant progress" as the group continued to grow its "high-quality" portfolio and progress its "ambitious" development pipeline.
Assura reported full-year net rental income of £126.5m, up 12.9% year-on-year, and pre-tax profits of £155.8m, up 43.9% on its 2020/21 performance, with earnings per share up 37% at 5.6p. EPRA earnings were 14% higher at £86.2m.

The FTSE 250-listed firm's portfolio valuation rose 12% to £2.75bn, while its net initial yield dipped from 4.58% to 4.48%. Total contracted rental income increased 15% to £1.81bn.

Rent reviews generated a weighted average annual rent increase of 1.9%, while 11 properties sold for above book value proceeds of £15.0m.

Assura, which recommended a 5.4% increase in its quarterly dividend to 0.78p per share, highlighted that its portfolio had grown from 609 to 645 high-quality properties after it added 47 properties at a cost of £271.0m in the year ended 31 March and completed four asset enhancement capital projects.

The group's total development pipeline sat at £522.0m at the end of the trading year, with a further 23 asset enhancement projects also on the books.

Chief executive Jonathan Murphy said: "Assura has delivered another year of significant progress, maintaining its strong financial performance.

"Against an uncertain economic backdrop, Assura's steady and reliable business model, strong balance sheet, and differentiated market position means it is extremely well positioned to continue growing and delivering shareholder value. We remain confident in Assura's outlook for the coming year and beyond"."

As of 0850 BST, Assura shares were up 0.66% at 68.80p.



Reporting by Iain Gilbert at Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Assura Market Data

Currency UK Pounds
Share Price 42.32p
Change Today 0.42p
% Change 1.00 %
52 Week High 52.60
52 Week Low 39.46
Volume 5,935,908
Shares Issued 2,984.79m
Market Cap £1,263.16m
RiskGrade 89

Assura Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
32.91% below the market average32.91% below the market average32.91% below the market average32.91% below the market average32.91% below the market average
8.11% above the sector average8.11% above the sector average8.11% above the sector average8.11% above the sector average8.11% above the sector average
Income Not Available
Growth
17.02% below the market average17.02% below the market average17.02% below the market average17.02% below the market average17.02% below the market average
22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average

What The Brokers Say

Strong Buy 3
Buy 4
Neutral 5
Sell 0
Strong Sell 0
Total 12
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Assura Dividends

  Latest Previous
  Q4 Q3
Ex-Div 07-Mar-24 07-Dec-23
Paid 10-Apr-24 10-Jan-24
Amount 0.82p 0.82p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 3,980,033 @ 42.32p
16:35 8,998 @ 42.32p
16:35 7,105 @ 42.32p
16:35 98,493 @ 42.32p
16:35 31,678 @ 42.32p

Assura Key Personnel

CEO Jonathan Murphy
CFO Jayne Cottam

Top of Page