Target Healthcare REIT Ltd (THRL)’s mid-year rebasing of DPS sought to establish a base for growth on a fully covered basis. With FY23 results in line with previous indications, and progress continuing, the company has increased the quarterly rate of DPS by 2% from Q124. With rent collection restored, Edison Group expects rental growth, development completions and fixed debt costs to support continued, progressive, fully covered dividend growth.
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