Primary Health Properties (PHP)

Sector:

Property Investment Trusts

Index:

FTSE 250

93.20p
   
  • Change Today:
    -0.50p
  • 52 Week High: 107.70
  • 52 Week Low: 87.55
  • Currency: UK Pounds
  • Shares Issued: 2,595.15m
  • Volume: 6,058,534
  • Market Cap: £2,418.68m
  • RiskGrade: 84

Dividend Data

  31-Dec-2531-Dec-2431-Dec-2331-Dec-2231-Dec-21
Q1 Dividend1.77p1.73p1.68p1.62pn/a
Q2 Dividend1.77p1.73p1.68p1.62pn/a
Q3 Dividend1.77p1.73p1.68p1.62pn/a
Q4 Dividend1.77p1.73p1.68p1.62pn/a
Total Dividend7.10p6.90p6.70p6.50pn/a
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Continuing Operations          
Revenue 259.00 182.00 169.80 154.10 145.60
Operating Profit/(Loss) 220.00 104.00 84.30 70.40 236.70
Net Interest (88.00) (47.00) (45.00) (40.30) (35.10)
Profit Before Tax 122.00 47.00 26.10 56.90 141.60
Profit After Tax 119.00 41.00 27.30 56.30 140.10
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 119.00 41.00 27.30 56.30 140.10
Attributable to:          
Equity Holders of Parent Company 119.00 41.00 27.30 56.30 140.10
Minority Interests n/a n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic 6.60p 3.10p 2.00p 4.20p 10.50p
Earnings per Share - Diluted 6.60p 3.10p 2.00p 2.20p 9.80p
Earnings per Share - Adjusted 7.30p 7.00p 6.80p 6.60p 6.20p
Continuing and Discontinued EPS          
Earnings per Share - Basic 6.60p 3.10p 2.00p 4.20p 10.50p
Earnings per Share - Diluted 6.60p 3.10p 2.00p 2.20p 9.80p
Earnings per Share - Adjusted 7.30p 7.00p 6.80p 6.60p 6.20p
           
Dividend per Share 7.10p 6.90p 6.70p 6.50p 6.20p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Assets          
Non-Current Assets          
Property, Plant & Equipment 3.00 1.00 0.50 0.40 0.30
Intangible Assets 4.00 5.00 6.20 n/a n/a
Investment Properties 5,891.00 2,750.00 2,779.30 2,796.30 2,795.90
Investments 58.00 n/a n/a n/a n/a
Other Financial Assets n/a n/a 0.90 19.60 5.20
Other Non-Current Assets 1.00 n/a n/a n/a n/a
  5,957.00 2,756.00 2,786.90 2,816.30 2,801.40
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables 52.00 27.00 24.90 17.80 17.60
Cash at Bank & in Hand 20.00 4.00 3.20 29.10 33.40
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 11.00 4.00 11.90 1.30 0.70
  83.00 35.00 40.00 48.20 51.70
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 6,040.00 2,791.00 2,826.90 2,864.50 2,853.10
           
Liabilities          
Current Liabilities          
Borrowings 10.00 151.00 2.40 2.30 2.20
Other Current Liabilities 156.00 63.00 68.80 61.80 68.30
  166.00 214.00 71.20 64.10 70.50
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 3,298.00 1,189.00 1,323.90 1,300.30 1,277.50
Provisions 13.00 9.00 3.80 5.40 4.40
Other Non-Current Liabilities 9.00 3.00 4.10 12.50 0.80
  3,320.00 1,201.00 1,331.80 1,318.20 1,282.70
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 3,486.00 1,415.00 1,403.00 1,382.30 1,353.20
           
Net Assets 2,554.00 1,376.00 1,423.90 1,482.20 1,499.90
           
Capital & Reserves          
Share Capital 324.00 167.00 167.10 167.10 166.60
Share Premium Account 479.00 479.00 479.40 479.40 474.90
Other Reserves 1,429.00 411.00 408.30 405.60 397.90
Retained Earnings 322.00 319.00 369.10 430.10 460.50
Shareholders Funds 2,554.00 1,376.00 1,423.90 1,482.20 1,499.90
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 2,554.00 1,376.00 1,423.90 1,482.20 1,499.90
Cash Flow 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Net Cash Flow From Operating Activities 179.00 136.00 133.60 117.60 140.40
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (464.00) (21.00) (44.60) (45.80) (146.40)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities 301.00 (114.00) (114.90) (76.80) (63.60)
Net Increase/Decrease In Cash 16.00 1.00 (25.90) (5.00) (69.60)
Ratios - based on IFRS 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Continuing Operations          
PE Ratio - Adjusted 13.4 13.3 15.3 16.8 24.4
PEG - Adjusted 3.4 4.4 5.1 2.8 3.5
Earnings per Share Growth - Adjusted 4% 3% 3% 6% 7%
Dividend Cover 1.03 1.01 1.01 1.02 1.00
Revenue per Share 9.98p 13.62p 12.71p 11.54p 10.94p
Pre-Tax Profit per Share 4.70p 3.52p 1.95p 4.26p 10.64p
Operating Margin 84.94% 57.14% 49.65% 45.68% 162.57%
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 13.4 13.3 15.3 16.8 24.4
PEG - Adjusted 3.4 4.4 5.1 2.8 3.5
Earnings per Share Growth - Adjusted 4% 3% 3% 6% 7%
Dividend Cover 1.03 1.01 1.01 1.02 1.00
           
Dividend Yield 7.3% 7.4% 6.5% 5.9% 4.1%
Dividend per Share Growth 2.90% 2.99% 3.08% 4.84% 5.08%
Operating Cash Flow per Share 6.90p 10.18p 10.00p 8.81p 10.55p
Cash Incr/Decr per Share 0.62p 0.075p (1.94p) (0.38p) (5.23p)
Net Asset Value per Share (exc. Intangibles) 98.26p 102.58p 106.08p 111.04p 112.74p
Net Gearing 128.74% 97.09% 92.92% 85.92% 83.09%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Forecast figures based on normalised accounts.

 

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