Assura PLC on Wednesday said its first half ended September 30 was ‘a period of good progress’.

The property firm said its portfolio is now standing at 603 properties with an annualised rent roll of £139.3 million.

‘Together with the strength of our portfolio and the expertise of our teams, we are well placed to take advantage of the opportunities ahead. That said, we recognise the current macro-economic uncertainty and industry-wide inflationary pressure and will continue to monitor and take a cautious approach to capital investment to ensure long-term success,’ said CEO Jonathan Murphy.

Assura said its financial position remains very strong, with debt book fixed at an average interest rate of 2.3% with a long-term average maturity of 7.5 years.

Net debt stood at £1.09 billion at September 30 with cash and undrawn facilities of £284 million.

Shares were down 3.4% at 51.97 pence each on Wednesday morning in London.

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