)
Target Healthcare REIT (THRL) investor relations material
Target Healthcare REIT H2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Delivered a total accounting return of 12% for the year ended 30 June 2026, with annualized returns since IPO at 7.8%.
Portfolio consists of 87 modern care homes, fully let, with 100% en suite wet rooms and high EPC ratings.
Maintained a robust, defensive portfolio with long-term inflation-linked rental income and strong sector tailwinds.
Financial highlights
Adjusted EPRA earnings per share rose 7.6% year-over-year to GBP 0.0654.
Dividend per share increased 2.5% to GBP 0.0603, with dividend cover at 109% (up from 103%).
EPRA NTA per share up 6.5% to GBP 1.221; portfolio valued at GBP 924.1 million, a 4.9% like-for-like increase.
Net loan-to-value reduced to 16.1% from 21.8% year-over-year.
Operating costs and net financing costs both decreased, supporting improved profitability.
Outlook and guidance
Board aims to scale the portfolio accretively, targeting LTV of 25%-30% as new assets are acquired.
Announced a 3% increase in dividend for the coming year.
Strong pipeline of high-quality, purpose-built care homes, with committed capital of GBP 75 million for further investment.
Demographic tailwinds and supply shortages in fit-for-purpose beds support long-term growth.
- 6.8% total return, 4% EPRA NTA growth, and premium disposals highlight strong performance.THRL
H1 2026 - Strong returns, premium disposals, and robust portfolio metrics amid sector challenges.THRL
H2 2025 - Portfolio value at £929.9m, 2.9% return, and asset management actions drive long-term growth.THRL
Q2 2025 TU - Portfolio expanded, resilient returns, and positioned for inflation-linked growth.THRL
H1 2022 - Adjusted EPRA EPS up 27.5% but portfolio value down 5.5% amid sector headwinds.THRL
H1 2023 - 11.8% total return, index leadership, and strong rent growth drive positive outlook.THRL
H2 2024 - Rental and earnings growth, strong private pay, and ESG assets drive robust, inflation-linked returns.THRL
H1 2025 - Portfolio value up, rent growth strong, and outlook positive amid robust sector demand.THRL
Q4 2024 TU - Portfolio outperformed sector benchmarks, with rising rents and robust dividend yield.THRL
Q1 2025 TU
Next Target Healthcare REIT earnings date
Next Target Healthcare REIT earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Explore our global coverage
)
)