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PHP earnings jump 123% following Assura acquisition
['Ciaran Nerval']
Property News for Commercial & Residential Sectors at Property Week
Primary Health Properties' (PLP) net rental income and profits have risen 123% and 68% respectively following its acquisition of rival healthcare REIT Assura last August.
Its interim results for the six months to the end of June revealed net rental income of £176m, up from £79m in H1 2025.
Meanwhile, the group’s profits after tax for the period rose from £59m in H1 2025, to £99m in H1 2026.
It’s pre-tax profits rose from £62m to £100m.
Occupancy remained steady at 99%, equal to H1 2025.