Primary Health Properties increases quarterly dividend for beginning of 2021 Covid-19 driving more video healthcare but management says NHS backlog and shift away from hospitals will support existing portfolio
Many landlords have had a rough time getting paid in the past year but Primary Health Properties’ (PHP) medical centre ownership has seen it sail through the pandemic. The company has increased its quarterly dividend and said the gradual shift in favour of primary care facilities meant its asset values would remain in growth territory after the pandemic.
The 1.55p quarterly pay-out equals a 6.2p annual dividend, a 5 per cent increase on 2020.
PHP chief executive Harry Hyman said Covid-19 had seen health authorities look for alternatives to hospitals. “We continue to see demand for extra space to help enable the redirection of activities out of hospitals,” he said. The flip side of this is GP surgeries moving toward
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