Dividend YieldA dividend yield of 7.5%, fully covered by earnings, is derived from the highest quality tenant covenant in real estate, which should be supportive of the current relative premium to the wider sector.
Earnings GrowthPHP's results show another year of earnings growth, with EPS up 3% allowing the company to pay a fully covered dividend of 6.9p, representing the 29th consecutive year of growth since IPO.
Rental GrowthPHP's trading update for the nine months to end-September shows rental growth on 241 rent reviews concluded during the period generating growth of 3.0% on an annualised basis.