Target Healthcare REIT PLC Virtual property tour and Covid-19 update (3510M)
20 Enero 2021 - 8:00AM
UK Regulatory
TIDMTHRL
RNS Number : 3510M
Target Healthcare REIT PLC
20 January 2021
20 January 2021
Target Healthcare REIT plc and its subsidiaries
("Target Healthcare" or "the Group")
Virtual property tour and Covid-19 vaccination programme and
cases update
Target Healthcare (LSE: THRL), the UK listed specialist investor
in modern, purpose-built care homes, announces that today it is
hosting a virtual property tour for investors. No new material
trading information will be disclosed except providing an update on
the progress of the Covid-19 vaccination programme and current case
numbers in the Group's portfolio.
As of today, the administration of the first dose under the
vaccination programme is well advanced in 86 per cent. of the
Group's care homes, with commencement expected for the remainder of
the portfolio prior to the government target of 31 January. T here
are currently confirmed Covid-19 cases in 2.4 per cent. of total
portfolio beds across 14 care homes, down from the peak of 3.2 per
cent. suspected or confirmed cases of total portfolio beds across
32 care homes during the third week of April 2020.
A copy of the presentation will shortly be made available on the
Target Healthcare website at
https://www.targethealthcarereit.co.uk/investor-relations/reports-and-presentations/financial-reporting
.
LEI: 213800RXPY9WULUSBC04
ENDS
Enquiries:
Kenneth MacKenzie; Gordon Bland
Target Fund Managers Limited
01786 845 912
Mark Young; Mark Bloomfield
Stifel Nicolaus Europe Limited
020 7710 7600
Dido Laurimore; Claire Turvey; Richard Gotla
FTI Consulting
020 3727 1000
TargetHealthcare@fticonsulting.com
Notes to editors:
UK listed Target Healthcare REIT plc (THRL) is an externally
managed Real Estate Investment Trust which 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's portfolio at 30 September 2020 comprised 75 assets
let to 27 tenants with a total value of GBP637.5 million.
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.
Important information
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014. Upon the
publication of this announcement via Regulatory Information Service
this inside information is now considered to be in the public
domain.
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END
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