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Primary Health Properties plc R.E.I.T
(LSE:PHP)
Primary Health Properties plc R.E.I.T (PHP) vs. S&P 500 (SPY)
Primary Health Properties plc R.E.I.T Business Overview & Revenue Model
Primary Health Properties plc R.E.I.T Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 177.80M | 169.80M | 154.10M | 145.60M | 139.00M | 121.30M |
| Gross Profit | |||||
| 151.80M | 151.00M | 141.50M | 135.60M | 120.50M | 105.60M |
| EBIT | |||||
| 83.90M | 84.30M | 163.20M | 132.30M | 107.20M | 76.50M |
| EBITDA | |||||
| 124.90M | 0.00 | 163.20M | 132.30M | 107.20M | 76.50M |
| Net Income Common Stockholders | |||||
| -8.60M | 27.30M | 56.30M | 140.10M | 112.00M | -71.30M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 5.90M | 13.70M | 29.10M | 33.40M | 103.60M | 143.10M |
| Total Assets | |||||
| 1.51B | 2.83B | 2.86B | 2.85B | 2.70B | 2.57B |
| Total Debt | |||||
| 676.10M | 1.33B | 1.30B | 1.28B | 1.22B | 1.27B |
| Net Debt | |||||
| 670.20M | 1.32B | 1.27B | 1.25B | 1.11B | 1.13B |
| Total Liabilities | |||||
| 726.00M | 1.40B | 1.38B | 1.35B | 1.28B | 1.34B |
| Stockholders Equity | |||||
| 788.00M | 1.42B | 1.48B | 1.50B | 1.41B | 1.23B |
| Cash Flow | Free Cash Flow | ||||
| 110.50M | 133.60M | 79.30M | 246.60M | 79.20M | 113.40M |
| Operating Cash Flow | |||||
| 110.50M | 133.60M | 79.30M | 100.20M | 79.20M | 57.60M |
| Investing Cash Flow | |||||
| -48.60M | -44.60M | -47.30M | -147.10M | -102.80M | -56.10M |
| Financing Cash Flow | |||||
| -60.40M | -114.90M | -37.00M | -22.70M | -16.50M | 137.40M |
Primary Health Properties plc R.E.I.T Technical Analysis
Primary Health Properties plc R.E.I.T Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £1.35B | 32.48 | 2.96% | 6.85% | 7.01% | 51.96% | |
71 Outperform | £600.25M | 15.86 | 4.48% | 4.09% | 4.60% | -35.59% | |
69 Neutral | £56.43M | 11.04 | 7.77% | 8.80% | 4.10% | 88.43% | |
59 Neutral | $2.72B | 11.51 | 0.06% | 8679.44% | 5.30% | -16.91% | |
58 Neutral | 31.91 | 2.09% | 9.75% | -8.69% | -35.71% |
Primary Health Properties plc R.E.I.T Earnings Call Summary
Primary Health Properties plc R.E.I.T Corporate Events
Primary Health Properties PLC is considering a strategic combination with Assura plc, which it believes will yield significant financial and strategic benefits for shareholders of both companies. The proposed merger aims to create a larger UK REIT with enhanced market presence, improved access to capital markets, and significant cost synergies, positioning the combined entity to capitalize on the increasing demand for healthcare properties.
Spark’s Take on GB:PHP Stock
According to Spark, TipRanks’ AI Analyst, GB:PHP is a Outperform.
Primary Health Properties plc exhibits strong financial health with substantial equity and no debt, supporting its operational stability. The positive technical indicators suggest upward momentum. Despite a high P/E ratio, the attractive dividend yield strengthens its appeal to investors. The company’s strategic acquisitions and potential merger enhance its market position, contributing positively to the stock’s overall outlook.
To see Spark’s full report on GB:PHP stock, click here.
Primary Health Properties PLC has proposed a cash and share combination to acquire Assura plc, valuing the latter at approximately £1.5 billion. This strategic move aims to create a significant UK REIT with a combined portfolio of £6 billion, offering enhanced market presence, operational synergies, and improved access to capital markets, ultimately benefiting shareholders through increased income security and potential dividend growth.
Primary Health Properties PLC has announced an adjustment to the exchange price for its new ordinary shares, set at £1.2399 per share, in relation to the conversion of its 2.875% Guaranteed Convertible Bonds due in 2025. This adjustment is in accordance with the bond conditions and affects the £150 million nominal of outstanding Convertible Bonds, potentially impacting the company’s financial structure and shareholder value.
Primary Health Properties PLC has disclosed its position as an offeror in a potential takeover of Assura plc, with no current interests or short positions in Assura’s securities. The disclosure highlights the company’s strategic move to expand its portfolio in the healthcare real estate sector, potentially impacting its market positioning and offering growth opportunities for stakeholders.
Primary Health Properties PLC has published its Annual Report for 2024 and announced details for its upcoming Annual General Meeting (AGM) scheduled for May 2025. The availability of the report and AGM notice on the company’s website signifies transparency and engagement with shareholders, potentially impacting investor relations and stakeholder confidence.
Primary Health Properties PLC has announced a second quarterly interim dividend for 2025, with part of the dividend as a Property Income Distribution and the remainder as an ordinary dividend, payable on 9 May 2025. The company also offers a dividend reinvestment plan (DRIP) for shareholders, allowing them to reinvest dividends to purchase additional shares, with specific deadlines for participation.
Primary Health Properties PLC has made a preliminary approach for a potential all-share offer to combine with Assura plc, which was rejected by Assura’s board. PHP believes the merger could create significant shareholder value by enhancing scale, reducing capital costs, and leveraging synergies, although no firm offer has been made yet.
Primary Health Properties PLC announced a transaction involving the purchase of 25,000 ordinary shares by Harry Hyman, the Non-executive Chair, at a price of £0.921 per share, totaling £23,013.50. This transaction, conducted on the London Stock Exchange, reflects ongoing confidence in the company’s market position and strategic direction, potentially impacting stakeholder perceptions and the company’s stock performance.
Primary Health Properties PLC has expanded its Irish portfolio by acquiring a state-of-the-art Health & Wellbeing Clinic in Cork, Ireland, for €22 million, achieving an earnings yield of 7.1%. The clinic, leased to Laya Healthcare, offers advanced medical technology and urgent care services, reinforcing PHP’s commitment to sustainable healthcare infrastructure. This acquisition highlights PHP’s strategic growth in the UK and Ireland, supported by strong local relationships and a robust pipeline of government-backed property opportunities.
Primary Health Properties PLC reported solid financial results for 2024, with a 2.9% increase in adjusted earnings per share and a 3% growth in dividends. The company saw positive valuation growth in the second half of the year, marking a stable outlook for its property portfolio. PHP’s acquisition strategy, including a recent purchase in Ireland, is expected to drive future growth, supported by government commitments to primary and community care. The company maintains strong liquidity and has refinanced its debt, positioning itself well for continued dividend growth and sector-leading performance.
Primary Health Properties PLC announced a transaction involving its Non-executive Chair, Harry Hyman, who purchased ordinary shares as part of a dividend reinvestment plan. This transaction, registered with the FCA, underscores the company’s commitment to shareholder engagement and regulatory compliance, potentially impacting its market position and stakeholder confidence.