Assura PLC on Wednesday reported an increase in annualised rent in the third quarter of financial 2024.

The Altrincham, England-based primary care property investor and developer said it had a portfolio of 612 properties across the UK and Ireland with an annualised rent roll of £148.6 million on December 31, up from 607 properties and an annualised rent roll of £141.6 million a year before.

The company added that it is currently on site with 9 developments with a remaining spend of £36 million over the next 18 months of a total cost of £91 million.

Net debt as at December 31 increased 8.2% to £1.21 billion from £1.12 billion a year prior.

Chief Executive Officer Jonathan Murphy said: ‘The need for high-quality, sustainable healthcare buildings in a community setting is unabated, and Assura remains best-placed to meet the demands of an ageing population and growing pressures on the health system at a time when one-third of the UK’s current GP estate is in need of replacement.’

Assura shares were 0.3% higher at 46.92 pence each on Wednesday morning in London.

Copyright 2024 Alliance News Ltd. All Rights Reserved.