- High occupancy rate
- Future borrowing costs a concern
IC TIP:
Hold
Primary care centres are the front line of the NHS, so it makes sense that a real estate investment trust (Reit) that develops and owns these centres has a target market in the UK’s ageing population. In its results for the last calendar year, Primary Health Properties (PHP) posted an increase in net rental income thanks to upward rent reviews and rental growth following extensions and refurbishments.