Impact Healthcare Reit (IHR)

Sector:

Property Investment Trusts

Index:

FTSE Small Cap

87.50p
   
  • Change Today:
      0.60p
  • 52 Week High: 95.10
  • 52 Week Low: 78.90
  • Currency: UK Pounds
  • Shares Issued: 414.37m
  • Volume: 198,332
  • Market Cap: £362.57m

Impact Healthcare secures £50m interest rate cap

By Josh White

Date: Friday 18 Aug 2023

LONDON (ShareCast) - (Sharecast News) - Impact Healthcare REIT announced the acquisition of a new £50m interest rate cap on Friday, set against the Sterling Overnight Index Average (SONIA) at a rate of 4.0%.
The London-listed real estate investment trust said the cap, effective for two years, would expire on 15 August 2025.

It said the process of setting this cap came at a cost of £1.76m.

With the purchase, Impact Healthcare said it had effectively hedged or fixed the interest rates on 92%, or £175m, of its current drawn debt of £191m.

As a result, the group's weighted average cost of drawn debt currently stood at 4.66%, calculated with SONIA pegged at 5.4%.

"The group's gross loan-to-value ratio at 30 June was 28.5%," the Impact Healthcare board said in its statement.

"No further debt has been drawn at the date of this announcement."

Reporting by Josh White for Sharecast.com.

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

 

IHR Market Data

Currency UK Pounds
Share Price 87.50p
Change Today 0.60p
% Change 0.69 %
52 Week High 95.10
52 Week Low 78.90
Volume 198,332
Shares Issued 414.37m
Market Cap £362.57m

IHR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
9.26% below the market average9.26% below the market average9.26% below the market average9.26% below the market average9.26% below the market average
21.43% above the sector average21.43% above the sector average21.43% above the sector average21.43% above the sector average21.43% above the sector average
Price Trend
38.25% below the market average38.25% below the market average38.25% below the market average38.25% below the market average38.25% below the market average
26.67% below the sector average26.67% below the sector average26.67% below the sector average26.67% below the sector average26.67% below the sector average
Income
38.83% above the market average38.83% above the market average38.83% above the market average38.83% above the market average38.83% above the market average
48.15% above the sector average48.15% above the sector average48.15% above the sector average48.15% above the sector average48.15% above the sector average
Growth
42.01% above the market average42.01% above the market average42.01% above the market average42.01% above the market average42.01% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average

IHR Dividends

  Latest Previous
  1st Interim 4th Interim
Ex-Div 02-May-24 08-Feb-24
Paid 17-May-24 23-Feb-24
Amount 1.74p 1.69p

Trades for 16-Jul-2024

Time Volume / Share Price
12:46 443 @ 87.50p
12:46 34 @ 87.60p
12:46 47 @ 87.60p
12:46 5 @ 87.60p
12:46 291 @ 87.70p

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