Rental growth supported by tenant profitability, reports Target Healthcare

Kenneth MacKenzie, Target Fund Managers chief executive officer
Kenneth MacKenzie, chief executive officer,Target Fund Managers

Target Healthcare REIT posted a like-for-like increase in contracted rent of 1.1%, mainly driven by annual reviews. A quarterly update showed contractual rental income increased by 1.3% over the quarter to 31 December 2023, comprising a 1.1% like-for-like rise from 25 inflation-linked upwards-only rent reviews, with an average uplift of 4%. The remaining 0.2% increase…

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