Target Healthcare Reit Ltd (THRL)

Sector:

Investment Firms

Index:

FTSE 250

77.70p
   
  • Change Today:
      0.70p
  • 52 Week High: 88.00
  • 52 Week Low: 66.50
  • Currency: UK Pounds
  • Shares Issued: 602.24m
  • Volume: 484,078
  • Market Cap: £467.94m

Dividend Data

  30-Jun-2330-Jun-2230-Jun-2130-Jun-2030-Jun-19
1st Interim1.69p1.69p1.68p1.67p1.65p
2nd Interim1.69p1.69p1.68p1.67p1.65p
3rd Interim1.40p1.69p1.68p1.67p1.65p
4th Interim1.40p1.69p1.68p1.67p1.65p
Total Dividend6.18p6.76p6.72p6.68p6.58p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Continuing Operations          
Revenue 56.44 49.77 41.24 36.05 27.92
Operating Profit/(Loss) 45.70 36.06 30.11 26.52 21.21
Net Interest (9.44) (6.60) (4.81) (4.28) (3.10)
Profit Before Tax 36.26 29.47 25.30 22.25 18.10
Profit After Tax 36.26 29.46 25.31 22.25 18.10
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 36.26 29.46 25.31 22.25 18.10
Attributable to:          
Equity Holders of Parent Company 36.26 29.46 25.31 22.25 18.10
Minority Interests n/a n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic 5.85p 4.92p 5.32p 5.05p 4.91p
Earnings per Share - Diluted 5.85p 4.92p 5.32p 5.05p 4.91p
Earnings per Share - Adjusted 6.00p 5.05p 5.46p 5.05p 4.91p
Continuing and Discontinued EPS          
Earnings per Share - Basic 5.85p 4.92p 5.32p 5.05p 4.91p
Earnings per Share - Diluted 5.85p 4.92p 5.32p 5.05p 4.91p
Earnings per Share - Adjusted 6.00p 5.05p 5.46p 5.05p 4.91p
           
Dividend per Share 6.47p 6.75p 6.72p 6.68p 6.58p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Assets          
Non-Current Assets          
Property, Plant & Equipment n/a n/a n/a n/a n/a
Intangible Assets n/a n/a n/a n/a n/a
Investment Properties 800.16 857.69 631.16 570.09 469.60
Investments n/a n/a n/a n/a n/a
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets 83.28 65.93 54.83 46.04 37.57
  883.43 923.63 685.99 616.13 507.17
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables 9.46 5.55 3.98 3.70 4.26
Cash at Bank & in Hand 15.37 34.48 21.11 36.44 26.95
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets n/a n/a 7.32 7.50 n/a
  24.82 40.03 32.41 47.64 31.21
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 908.26 963.66 718.39 663.77 538.38
           
Liabilities          
Current Liabilities          
Borrowings n/a n/a n/a n/a n/a
Other Current Liabilities 18.31 26.36 18.47 13.11 11.80
  18.31 26.36 18.47 13.11 11.80
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 227.05 231.38 127.90 150.13 106.42
Provisions n/a n/a n/a n/a n/a
Other Non-Current Liabilities 8.09 7.14 6.84 6.41 7.07
  235.14 238.53 134.74 156.54 113.49
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 253.45 264.89 153.21 169.66 125.29
           
Net Assets 654.81 698.77 565.18 494.11 413.09
           
Capital & Reserves          
Share Capital 6.20 6.20 5.11 4.57 372.68
Share Premium Account 256.63 256.63 135.23 77.45 n/a
Other Reserves 281.58 360.25 377.28 389.83 35.46
Retained Earnings 110.39 75.69 47.56 22.26 4.95
Shareholders Funds 654.81 698.77 565.18 494.11 413.09
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 654.81 698.77 565.18 494.11 413.09
Cash Flow 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Net Cash Flow From Operating Activities 29.67 30.39 24.96 21.47 18.16
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (3.55) (202.63) (43.58) (103.42) (99.61)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (45.23) 185.62 3.29 91.44 67.00
Net Increase/Decrease In Cash (19.12) 13.38 (15.33) 9.49 (14.45)
Ratios - based on IFRS 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Continuing Operations          
PE Ratio - Adjusted 12.0 21.5 21.1 21.8 23.5
PEG - Adjusted 0.6 n/a 2.6 7.3 n/a
Earnings per Share Growth - Adjusted 19% -8% 8% 3% -11%
Dividend Cover 0.93 0.75 0.81 0.76 0.75
Revenue per Share 9.37p 8.31p 0.088p 5.99p 4.64p
Pre-Tax Profit per Share 6.02p 4.92p 0.054p 3.69p 3.00p
Operating Margin 80.97% 72.47% 73.01% 73.56% 75.97%
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 12.0 21.5 2,093.9 21.8 23.5
PEG - Adjusted 0.6 0.0 n/a 7.3 n/a
Earnings per Share Growth - Adjusted 19% 9,063% -99% 3% -11%
Dividend Cover 0.93 0.75 0.01 0.76 0.75
           
Dividend Yield 9.0% 6.2% 5.8% 6.1% 5.7%
Dividend per Share Growth (4.15%) 0.45% 0.60% 1.53% 2.00%
Operating Cash Flow per Share 4.93p 5.07p 5.25p 3.56p 3.02p
Cash Incr/Decr per Share (3.17p) 2.23p (0.033p) 1.58p (2.40p)
Net Asset Value per Share (exc. Intangibles) 108.73p 116.64p 118.88p 82.05p 68.59p
Net Gearing 32.33% 28.18% 18.90% 23.01% 19.24%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

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

Note 2: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 3: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 4: Forecast figures based on normalised accounts.

 

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