Impact Healthcare REIT PLC on Tuesday said its contracted rent grew by double-digits in 2023 and upped its dividend target.

The London-based owner of care homes and other healthcare properties in the UK said contracted rent increased 13% to £48.8 million in 2023 from £43.1 million a year ago.

Rental growth was driven by inflation-linked rent reviews, Impact Healthcare said, as well as a ‘significant’ acquisition, through which it received £3.9 million.

The firm delivered a 3.5% increase in dividends per share in 2023, and declared an interim dividend for the final quarter of the year of 1.69 pence per share. This falls in line with its target of 6.77p per share for the full-year, Impact Healthcare said.

In 2022, Impact Healthcare had declared four quarterly dividends of 1.64p per share for the year, and met its dividend target of 6.54p per share.

In addition, the company said it had upped its dividend target for 2024 by 2.7% to 6.95p per share.

Shares in Impact Healthcare fell 0.1% to 86.70 pence each in London on Tuesday morning.

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