Primary Health Properties PLC
EURO STOXX 600PHP.L/Real Estate · REIT - Healthcare Facilities/LSE
Dividend Yield
7.81%
£0.07 · Annual Dividend
Dividend Safety Rating
PHP.L's dividend shows some areas that warrant monitoring. Strengths include a 129.6 debt-to-equity & 81.9% operating margin. Areas of concern: 80.5% fcf payout ratio & 70.2% cfo payout 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
Strengths
- Operating Margin: 81.9%Healthy operating margin provides a wide buffer.
- Dividend Streak: 11+ yrsLong, uninterrupted dividend track record.
- Dividend Cut: NoneNo dividend cut in recent history.
Risks
- Current Ratio: 0.5xLimited short-term liquidity to meet obligations.
- FCF Payout Ratio: 80.5%Free cash flow is tight relative to the dividend.
- CFO Payout Ratio: 70.2%Operating cash flow leaves little room for the payout.
Payout & Coverage
WarningBalance Sheet
CautionProfitability
CautionDividend Track Record
SafeAbout 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
7.81%
Annual Dividend
£0.07
Frequency
Quarterly
Payout Ratio
107.58%
FCF Payout Ratio
80.45%
52-Week Range
£0.87 - £1.10
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
July 2, 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
Similar Dividend Stocks
| Stock | Yield | 5Y CAGR | Price |
|---|---|---|---|
| 7.81% | 9.92% | £0.96 | |
| 4.33% | 1.98% | £19.23 |
Frequently Asked Questions
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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 Safety Rating, 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.