Added to YB: 2026-10-06
Pitch date: 2026-09-30
PHP.L [bullish]
Primary Health Properties Plc
+0.92%
current return
Author Info
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Company Info
Primary Health Properties Plc (PHP) is a UK Real Estate Investment Trust and leading investor in modern primary healthcare premises.
Market Cap
GBP 2.3B
Pitch Price
GBP 0.89
Price Target
1.35 (+50%)
Dividend
8.08%
EV/EBITDA
18.64
P/E
14.32
EV/Sales
15.47
Sector
Health Care REITs
Category
dividend
REIT Petite – Dividend Income In A Shrinking Sector - Primary Health Properties Plc
PHP.L (quick overview): Primary Health Properties became the UK’s largest listed healthcare REIT after its 2025 merger with Assura, with more than 1,100 assets. Its portfolio is almost entirely government-backed, rents are largely inflation-linked going forward, and the dividend has grown for 30 years without a cut. Absorbing Assura’s debt lifted LTV to 57% versus PHP’s 40–50% target range, providing the context for its current deleveraging focus.
Read full article (1 min)