Assura (AGR)

Sector:

Health Care

Index:

FTSE 250

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68.20p
   
  • Change Today:
    -0.20p
  • 52 Week High: 69.90
  • 52 Week Low: 52.40
  • Currency: UK Pounds
  • Shares Issued: 2,406.07m
  • Volume: 2,794,744
  • Market Cap: £1,640.94m
  • RiskGrade: 76
  • Beta: 0.02

Assura's profits and revenues boosted by portfolio growth

By Duncan Ferris

Date: Tuesday 21 May 2019

LONDON (ShareCast) - (Sharecast News) - Assura on Tuesday reported that portfolio expansion drove annual rental income and profit growth, while the company's pipeline has reached a record level on the back of a new acquisition.
The primary care property investor and developer achieved profit before tax of £84.0m for the year ended 31 March, a 17% increase over the year before, as gross rental and related income jumped by 19% to £102.4m with net rental income climbing by 19% to £95.2m.

The rental increase was aided by £240m of property additions throughout the year, on top of another £314m in the year before, through both acquisitions and development.

The NHS remains Assura's primary customer, accounting for 85% of the total rent roll, with approximately 8.5% of the UK's NHS patients using the company's premises.

Jonathan Murphy, chief executive of Assura, said: "Assura has delivered another year of strong operational performance with robust revenue and rental growth. This has been driven by our development and investment teams' focus on growing and enhancing our portfolio and active asset management. We are well positioned in the primary care property market and our development pipeline is the strongest it has been in 10 years."

The FTSE 250-traded company said its extended pipeline will increase from £190m to £282m following its acquisition of the primary care developer GPI, which was announced on Tuesday.

Assura increased its full-year dividend by 8% to 2.65p per share, while cash and cash equivalents stood at £18.3m at the end of the period, down from £28.7m at the same point last year.

"As the government continues to approve healthcare schemes, we look forward to maintaining our deep relationships with the NHS. This is built on our strong links with healthcare trusts and ability to provide high-quality primary care facilities that benefit patients and reduce pressure on the NHS," said Murphy.

A statement from the company said it was confident about the next 15 years due to its portfolio of 563 properties and its continued investment in its development and asset enhancement teams.

Assura's shares were up 2.14% at 62.10p at 0901 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Assura Market Data

Currency UK Pounds
Share Price 68.20p
Change Today -0.20p
% Change -0.29 %
52 Week High 69.90
52 Week Low 52.40
Volume 2,794,744
Shares Issued 2,406.07m
Market Cap £1,640.94m
Beta 0.02
RiskGrade 76

Assura Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
85.61% below the market average85.61% below the market average85.61% below the market average85.61% below the market average85.61% below the market average
58.82% below the sector average58.82% below the sector average58.82% below the sector average58.82% below the sector average58.82% below the sector average
Price Trend
79.59% above the market average79.59% above the market average79.59% above the market average79.59% above the market average79.59% above the market average
85.00% above the sector average85.00% above the sector average85.00% above the sector average85.00% above the sector average85.00% above the sector average
Income
5.55% below the market average5.55% below the market average5.55% below the market average5.55% below the market average5.55% below the market average
85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average
Growth
37.26% above the market average37.26% above the market average37.26% above the market average37.26% above the market average37.26% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Assura Dividends

  Latest Previous
  Q1 Q4
Ex-Div 13-Jun-19 14-Mar-19
Paid 17-Jul-19 17-Apr-19
Amount 0.69p 0.69p

Trades for 23-Aug-2019

Time Volume / Share Price
16:35 660,081 @ 68.20p
16:29 272 @ 68.20p
16:29 2,388 @ 68.20p
16:29 2,527 @ 68.20p
16:29 260 @ 68.20p

Assura Key Personnel

CEO Jonathan Murphy
CFO Jayne Cottam

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