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PHP.L

Primary Health Properties PLC

EURO STOXX 600
PHP.L|Real Estate|REIT - Healthcare Facilities|£0.92|P/E 13.2|MCap 2.4B|LSE

Last update: Mar 25, 2026 at 04:53

About Primary Health Properties PLC

Primary Health Properties PLC is a UK-based Real Estate Investment Trust (REIT) and the leading investor in modern primary healthcare premises across the United Kingdom and Ireland. The company specializes in acquiring, developing, and managing flexible, purpose-built healthcare facilities, such as medical centers and clinics, primarily on freehold or long leasehold terms. Its portfolio comprises over 1,142 properties with a total value of £6.0 billion and an annual rent roll of £342 million, where the majority of rental income is backed by long-term leases to secure government-funded tenants like the National Health Service. Primary Health Properties PLC generates steady rental income and pursues capital growth through strategic investments, including notable mergers like the £1 billion combination with Medicx Fund in 2019 and the acquisition of Assura plc. With a focus on integrated healthcare properties, it supports local primary care services amid evolving demands, employing a small team of 58 and governed by an experienced board and management specializing in healthcare real estate. As a FTSE 250 constituent, it plays a key role in the healthcare REIT sector, emphasizing asset management, property maintenance, and expansion opportunities.

Dividend Overview

Dividend Yield

7.75%

Annual Dividend

£0.07

Frequency

Quarterly

Payout Ratio

97.92%

FCF Payout Ratio

68.12%

Stock Price

£0.92

52-Week Range

£0.87 £1.10

Dividend Health Score

54/ 100Caution

PHP.L's dividend shows some areas that warrant monitoring. Strengths include a 97.9% earnings payout ratio & 129.5 debt-to-equity. Areas of concern: 97.5% cfo payout ratio & 0.5x current ratio. The dividend has been growing at a 9.92% 5-year CAGR. As a REIT, higher payout ratios are normal since they are required to distribute most taxable income.

Based on 12 of 15 metrics

Payout & Coverage

Caution
Earnings Payout Ratio
97.9%Safe
FCF Payout Ratio
68.1%Caution
CFO Payout Ratio
97.5%Danger
Interest Coverage
N/AN/A

Balance Sheet

Caution
Net Debt / Total Assets
N/AN/A
Current Ratio
0.5xDanger
Debt-to-Equity
129.5Safe

Profitability

Caution
Return on Equity
6.1%Warning
Operating Margin
81.8%Very Safe
Gross Margin
N/AN/A
Profit Margin Stability
VolatileWarning

Dividend Track Record

Safe
Dividend Streak
11+ yrsVery Safe
Dividend Cut
NoneVery Safe
5-Year Dividend CAGR
9.9%Safe
Earnings Stability
Mostly StableCaution

Dividend History (2016–2025)

PHP.L annual dividend per share and yield history

Earnings & Profitability

PHP.L earnings per share and net profit margin

Key Dates

Next Ex-Dividend Date

March 26, 2026

Next Payment Date

Dividend Growth

3-Year Dividend CAGR

2.99%

5-Year Dividend CAGR

9.92%

10-Year Dividend CAGR

18.97%

3-Year Total Growth

9.23%

5-Year Total Growth

60.45%

10-Year Total Growth

468.00%

Income Calculator

PHP.L Dividend Calculator

Total Investment

£92.20

Annual Income

£7.15

Quarterly Income

£1.79

Monthly Income

£0.60

Similar Dividend Stocks

StockYield5Y CAGRPrice
PHP.L
PHP.L
7.75%9.92%£0.92
DLN.L
DLN.L
5.16%1.98%£15.08

Frequently Asked Questions

What is PHP.L's current dividend yield?
Primary Health Properties PLC (PHP.L) currently has a dividend yield of 7.75%, based on a stock price of £0.92 and an annual dividend of £0.07.
When is PHP.L's next dividend payment date?
PHP.L's next ex-dividend date is 2026-03-26 and the next payment date is —. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does PHP.L pay in dividends per year?
Primary Health Properties PLC paid £0.07 per share in annual dividends in 2025. The dividends are paid quarterly.
Has PHP.L been increasing its dividend?
Primary Health Properties PLC has grown its dividend at a 5-year CAGR of 9.92% and a 10-year CAGR of 18.97%.
Is PHP.L's dividend safe?
Primary Health Properties PLC has a payout ratio of 97.92%. The payout ratio is moderate. Monitor earnings to ensure sustainability.
How is PHP.L's Dividend Health Score calculated?
The Dividend Health Score evaluates Primary Health Properties PLC's dividend sustainability across four categories: Payout & Coverage (40%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (20%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for real estate companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Health Score, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.