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Care home investor Target Healthcare REIT reported a positive first-half performance and nudged up its dividend.
The company's EPRA net tangible assets per share in the three months through September rose 0.8% to 111.3p.
Target Healthcare said the rise primarily reflected valuation uplifts across the portfolio driven by modest yield compression and annual rental uplifts.
It declared a first interim dividend of 1.69p per share for the year ending 30 June 2022, representing an increase of 0.6% on the 2021 financial year quarterly dividends.