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Overview
Primary Health Properties (PHP) is a UK-based real estate investment trust (REIT) that specializes in healthcare properties. The company was founded in 1995 and is listed on the London Stock Exchange. PHPβs portfolio includes a mix of primary healthcare facilities, such as general practitioner (GP) surgeries, and other healthcare properties such as pharmacies and hospitals. The company operates under long-term leases with healthcare providers, with an average lease length of 14 years. PHPβs properties are located throughout the UK, with a focus on areas with high demand for healthcare services. The companyβs properties are managed by its in-house property management team. In addition to owning and managing properties, PHP also offers development and refurbishment services for existing healthcare properties. The companyβs goal is to provide attractive returns to its shareholders by investing in stable and secure healthcare properties. PHP is committed to sustainable and responsible property management, with a focus on energy efficiency and reducing its carbon footprint. As of June 2021, PHP had a market capitalisation of approximately Β£2.5 billion and a portfolio of over 507 properties with a value of over Β£2.8 billion. The company has a strong financial track record, with consistent growth in both rental income and dividends for shareholders.
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