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Assura (AGR) investor relations material
Assura H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Completed £500m acquisition of 14 independent hospitals, diversifying portfolio and tenant mix.
Launched £250m joint venture with USS to invest in NHS infrastructure, targeting £400m potential.
Executed £200m capital recycling, including £172m of disposals into the new JV.
Achieved B Corp certification, first in FTSE 250, and completed first two net zero carbon developments.
Financial highlights
Rent roll increased to £177.9m, with net rental income up 17% to £167.1m year-over-year.
EPRA earnings rose 9% to £111.8m; EPRA EPS up 3% to 3.5p; dividend per share up 3% to 3.34p.
EPRA NTA per share grew 2% to 50.4p; valuation gain of £58m recorded.
Net debt to EBITDA at 9.1x, with disposals supporting leverage reduction.
Total property return 7%, total accounting return 9%.
Outlook and guidance
Targeting further growth in joint venture to £400m and continued capital recycling.
On track to reduce LTV below 45% and net debt to EBITDA below 9x.
Pipeline includes 9 GP medical centre schemes (£81m total cost) and 7 independent hospital schemes (£129m total cost).
- £500m private hospital acquisition and joint venture drive growth and diversification.AGR
Trading Update - £500m hospital deal, 8% rental growth, and asset disposals drive robust outlook.AGR
H1 2025 - £500m hospital acquisition accelerates diversification, boosts returns, and supports long-term growth.AGR
M&A Announcement (Q&A) - £500m acquisition of 14 UK private hospitals accelerates diversification and earnings growth.AGR
M&A Announcement - Assura advances growth with a major joint venture, new developments, and a dividend increase.AGR
Trading Update - Strong quarter with new JV, dividend hike, and focus on NHS/private growth amid inflation challenges.AGR
AGM 2024 - Assura's portfolio value rose to £3.1bn with strong rent growth and enhanced ESG credentials.AGR
Trading Update - Assura delivers resilient growth and high yields through a diversified, healthcare-focused property platform.AGR
Investor Presentation - Q3 saw portfolio growth, debt reduction, and a 9.3% dividend yield, underpinned by policy support.AGR
Trading Update
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