Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Care property investor and developer Assura raised its dividend, but reported a fall in profit as lower positive valuation offset an uptick in net rental income.
The company announced a 1.9% increase in the quarterly dividend payment to 0.71 pence.
For the 12 months to 31 March 2020, pre-tax profit fell 6.1% to £78.9m, with net rental income growth of 8.9% offset by fall in positive valuation movement.
The net valuation gain in the year fell to £9.7m from £20.2m on-year.
'We enter the new financial year with a strong immediate pipeline. In development, we are on site at 15 sites with a gross development spend of £81 million, an immediate pipeline of £77m of development opportunities that are expected to commence within the next 12 months, and an extended pipeline of £199m of further opportunities where Assura is the exclusive partner,' the company said.
At 8:57am: (LON:AGR) Assura PLC share price was +1.35p at 77.15p