Target Healthcare REIT said its net asset value per share rose by 2.6% in the December quarter, as it grew rental income from its care-home portfolio.
Portfolio passing rent increased by 10.9% during the quarter, 10.2% from additions and asset management activity, plus 0.7% from rent reviews.
The company declared second interim dividend payment of 1.6125p per share.
"The group's portfolio has continued to perform well with capital values increasing and our inflation linked rents rising as RPI remained at elevated levels," chief executive Kenneth MacKenzie said.
"Despite the well-publicised background noise of under-funding in the sector, performance is in-line with expectations. The benefits of modern purpose built assets, with good facilities and a strong local culture, continuing to be reflected in strong underlying occupancy rates."
"The group continues to pay an attractive quarterly dividend, which is increasingly covered by earnings as the portfolio advances to a state of near-full investment. We are actively assessing some interesting investment opportunities which we hope to execute on this year subject to the availability of capital and completion of our due diligence."