Primary Health Properties Plc | REIT Profile

Symbol: PHP
Exchange: LSE
Founded: 1995 (30 years)
HQ: London, United Kingdom
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Health Care

See PHP on Yahoo Finance

Primary Health Properties Plc (SLE: PHP has invested in healthcare real estate let on long term leases, backed by a secure underlying covenant where the majority of rental income is funded directly or indirectly by a government body. The Group's portfolio comprises over 300 primary healthcare facilities, both completed and committed, the majority of which are GP surgeries, with other properties let to NHS organisations, pharmacies and dentists. PHP endeavours to provide high quality buildings for its tenants and to provide the highest quality assets for its shareholders. The idea of purchasing primary healthcare premises and leasing back to NHS GPs through indirect property investment was put forward by Harry Hyman in 1994. Following the purchase of a small portfolio of primary care premises, Primary Health Properties PLC ("PHP") was incorporated in 1995 and floated on the Alternative Investment Market in 1996. On 5 November 1998, PHP achieved full market listing on the London Stock Exchange. On 1 January 2007, PHP became the UK's first dedicated healthcare Real Estate Investment Trust.