Primary Health Properties Plc (LON:PHP) is the topic of conversation with Mike Foster, Analyst at Hardman & Co. Mike Explains how PHP expanded its footprint a couple of years ago, why this is important for shareholders, why he believes the dividend per share will accelerate, the three factors pulling the dividend upwards and any risks for investors.
Primary Health Properties portfolio comprises over 300 primary healthcare facilities, both completed and committed, the majority of which are GP surgeries, with other properties let to NHS organisations, pharmacies and dentists. PHP endeavours to provide high quality buildings for its tenants and to provide the highest quality assets for its shareholders. PHP’s business model is to invest solely in the freehold or long leasehold of modern purpose-built healthcare facilities in the UK and Ireland, which the Group holds for long term investment.
The properties are leased to GPs, government healthcare bodies and other associated healthcare users.