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Primary Health Properties advances joint venture talks, targets 8% dividend yield

Market News
24 Jun 2026
Proactive Investors
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Bullish
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Primary Health Properties PLC is progressing advanced talks to form a joint venture involving its private hospital portfolio, aiming to complete offers by summer 2026. This move supports the company's strategy to recycle capital through disposals and joint ventures, targeting portfolio leverage of 40%-50% and reducing net debt below 9.5 times earnings. The company has achieved £7.8 million of £9 million merger cost synergies and maintained 30 years of consecutive dividend growth. It also secured three NHS Neighbourhood Health Centres, with forecasts indicating ongoing organic rental growth and an expected 8% dividend yield for the current financial year. Interim results are due on 30 July.

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