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Target Healthcare REIT Ltd

Target Healthcare REIT Ltd

THRL · LSE · Real Estate / REIT - Healthcare Facilities

116.60GBX-1.20 (-1.02%)

Price History

Full chart

Market Stats

Previous Close117.80
Open120.00
Day Range115.80 – 120.00
52-Week Range86.94 – 117.00
Volume1.03M
Market Cap702.11M
P/E (TTM)8.71
Forward P/E16.75
EPS0.13
Dividend Yield5.48%
Beta0.55
50-Day Avg112.08
200-Day Avg107.03

About

Target Healthcare REIT PLC is an externally managed FTSE 250 Real Estate Investment Trust. The firm provides shareholders with an attractive level of income, together with the potential for capital and income growth, from investing in a diversified portfolio of modern, purpose-built care homes. The Group portfolio at 31 December 2025 comprised 86 assets let to 32 tenants with a total value of 894.6 million pounds. The Group invests in modern, purpose-built care homes that are let to high quality tenants who demonstrate strong operational capabilities and a strong care ethos. The Group builds collaborative, supportive relationships with each of its tenants as it believes working in this way helps raise standards of care and helps its tenants build sustainable businesses. In turn, that helps the Group deliver stable returns to its investors. Target Healthcare REIT PLC was incorporated in 2013 in United Kingdom.

Company Details

  • SectorReal Estate
  • IndustryREIT - Healthcare Facilities
  • CEOMr. Kenneth Macangus MacKenzie C.A., M.A., M.B.E.
  • Employees0
  • HeadquartersLevel 4 Dashwood House, London, United Kingdom, EC2M 1QS, UK
  • Websitehttps://www.targethealthcarereit.co.uk

Leadership

  • Mr. Kenneth Macangus MacKenzie C.A., M.A., M.B.E.Founder & Chief Executive of Target Fund Managers Limited · b. 1950
  • Mr. John Flannelly BAcc FCA, F.C.A.Head of Investment - Target Fund Managers Limited
  • Mr. Andrew BrownHead of Healthcare - Target Fund Managers Limited
  • Mr. Scott Steven M.A.Head of Asset Management - Target Fund Managers Limited
  • Mr. James Mackenzie L.L.B.Managing Director of Target Fund Managers Limited
  • Mr. Donald Cameron B.Com., C.A.Company Secretary & Director of Financial Reporting - Target Fund Managers Limited

Financials

Income Statement

Currency: GBP2014-06-302015-06-302016-06-302017-06-302018-06-302019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-302026-06-30
Total Revenue4.48M13.72M16.87M23.11M28.37M32.63M35.93M49.21M55.50M-3.26M78.48M72.93M72.07M
Growth (%)-+206.61%+22.95%+36.94%+22.75%+15.02%+10.12%+36.97%+12.78%-105.88%+2505.92%-7.08%-1.18%
Cost of Revenue-1.61M2.77M3.78M3.73M4.70M5.26M5.80M7.31M7.61M7.72M8.08M8.62M
Gross Profit4.48M13.72M14.11M19.33M24.63M32.63M35.93M49.21M55.50M-3.26M78.48M64.84M63.45M
Gross Margin100.00%100.00%83.61%83.64%86.84%100.00%100.00%100.00%100.00%100.00%100.00%88.92%88.04%
Operating Expense1.18M2.40M880.00K1.21M1.46M-423.00K4.30M5.32M6.39M3.31M5.46M5.25M2.52M
Operating Income3.29M11.32M13.23M18.11M23.17M33.05M31.63M43.89M49.10M-6.57M73.02M59.59M60.93M
Operating Margin73.57%82.48%78.39%78.39%81.70%101.30%88.03%89.19%88.48%201.47%93.05%81.71%84.54%
EBITDA4.88M7.66M9.27M17.76M21.10M3.05M31.63M43.89M48.53M-7.14M58.00M59.59M92.20M
EBITDA Margin108.91%55.81%54.91%76.84%74.37%9.35%88.03%89.19%87.45%218.88%73.90%81.71%127.94%
Net Income554.12K9.55M11.70M19.12M27.61M29.88M31.62M43.88M49.10M-6.57M73.02M60.84M82.59M
Net Income Margin12.38%69.60%69.35%82.75%97.33%91.60%88.02%89.18%88.47%201.47%93.05%83.43%114.60%
R&D--0.690.820.970.870.710.880.770.1---
R&D as % of Total Revenue--0.00%0.00%0.00%0.00%0.00%0.00%0.00%-0.00%---
Interest Expense-815.00K1.10M921.00K2.08M3.17M5.53M5.76M6.67M10.27M10.24M11.46M9.61M
Interest Expense % of Total Revenue-5.94%6.53%3.99%7.32%9.70%15.40%11.71%12.02%-314.84%13.05%15.71%13.34%

Balance Sheet

Currency: GBP2005-06-302006-06-302007-06-302008-06-302009-06-302010-06-302011-06-302012-06-302013-06-302014-06-302015-06-302016-06-302017-06-302018-06-302019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-302026-06-30
Total Assets2.27M1.99M6.95M8.07M7.06M7.11M8.96M10.72M10.88M105.07M176.31M282.79M306.25M434.82M538.38M663.77M718.39M963.66M908.26M967.37M986.19M989.50M
Total Liabilities7.00K88.00K261.00K221.00K171.00K182.00K99.00K254.00K805.00K14.85M37.02M29.51M49.31M76.22M125.29M169.66M153.21M264.89M253.45M278.08M273.73M231.58M
Total Equity2.26M1.90M6.69M7.85M6.89M6.93M8.86M10.46M10.08M90.22M139.29M253.28M256.94M358.61M413.09M494.11M565.18M698.77M654.81M689.29M712.46M757.92M
Cash1.50M484.00K1.84M1.32M198.00K35.00K1.58M526.00K188.00K17.13M29.16M65.11M10.41M41.40M26.95M16.55M19.33M34.02M17.04M38.88M39.53M50.88M
Total Debt---------11.76M30.86M20.45M39.33M64.18M106.42M150.13M127.90M231.38M227.05M240.67M240.29M197.74M
Net Debt----------5.36M1.71M-44.66M28.92M22.78M79.47M133.59M108.57M197.36M210.01M201.79M200.76M146.86M

Cash Flow

Currency: GBP2014-06-302015-06-302016-06-302017-06-302018-06-302019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-302026-06-30
Operating Cash Flow3.17M7.52M9.06M3.24M22.14M18.16M21.47M24.96M30.39M29.66M42.34M41.10M44.77M
Investing Cash Flow-60.35M-57.58M-65.09M-61.08M-89.98M-99.61M-103.42M-43.58M-202.63M-3.55M3.42M-3.23M46.82M
Financing Cash Flow69.27M62.09M91.98M3.15M98.83M67.00M91.44M3.29M185.62M-45.23M-22.24M-37.11M-80.35M
Capital Expenditure051.74M34.83M61.08M697.00K876.00K570.00K714.00K000044.77M
Free Cash Flow3.17M7.52M9.06M64.32M22.14M18.16M21.47M24.96M30.39M29.66M42.34M41.10M-
Dividends Paid3.08M7.07M9.68M15.59M17.35M23.63M29.15M31.49M39.78M40.27M35.24M36.11M37.14M
FCF to OCF100.00%100.00%100.00%1987.52%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%-
Dividend Paid to FCF97.22%94.07%106.87%24.24%78.38%130.08%135.78%126.19%130.91%135.76%83.23%87.87%-

Earnings

Report DateMar 7, 2016Sep 27, 2016Mar 6, 2017Sep 29, 2017Mar 19, 2018Sep 21, 2018Feb 28, 2019Sep 30, 2019Mar 13, 2020Sep 30, 2020Mar 8, 2021Sep 30, 2021Mar 9, 2022Sep 28, 2022Mar 27, 2023Mar 13, 2025Sep 28, 2025
EPS Estimate0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
EPS Actual-0.010.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00-0.01
Surprise-----------------
Timing--------------Pre-market--

Key Statistics & Ratios

Market Cap702.11M
Enterprise Value811.52M
Trailing P/E8.71
Forward P/E16.75
Price / Sales8.19
Price / Book0.92
EPS0.13
Book Value1.19
Revenue (TTM)74.61M
Gross Profit (TTM)66.67M
Profit Margin104.45%
Operating Margin87.29%
Return on Equity10.82%
Return on Assets4.03%
Shares Outstanding620.24M
Shares Float618.09M
Beta0.55
Dividend Yield5.48%
Dividend Rate0.06
Payout Ratio0.00%

Dividends

20264×
0.02Nov 12, 20260.02Aug 13, 20260.02May 14, 20260.02Feb 12, 2026
20254×
0.02Nov 13, 20250.01Aug 14, 20250.01May 15, 20250.01Feb 13, 2025
20244×
0.01Nov 14, 20240.01Aug 15, 20240.01May 16, 20240.01Feb 8, 2024
20234×
0.01Nov 9, 20230.01Aug 10, 20230.01May 11, 20230.02Feb 9, 2023
20224×
0.02Nov 10, 20220.02Aug 11, 20220.02May 12, 20220.02Feb 10, 2022
20214×
0.02Nov 11, 20210.02Aug 12, 20210.02May 13, 20210.02Feb 11, 2021