IN BRIEF: Assura lifts net tangible asset value and property value

14th May 2025 17:34

Assura PLC - Altrincham, England-based care property investor and developer - Reports on Wednesday its net tangible asset value and investment property value rise for the full-year period. Diluted European Public Real Estate Association net tangible asset per share is 50.4 pence as at March 31, up 2.2% from 49.3p at March 31, 2024. Investment property value is up 15% to GBP3.1 billion from GBP2.7 billion.

Assura also says its portfolio now stands at 603 properties, with an annualised rent roll of GBP177.9 million, up 18% from GBP150.6 million, following recent deals. Acquires 14 private hospitals for GBP500 million, completes five development projects with a total spend of GBP61.5 million, and establishes GBP250 million joint venture with Universities Superannuation Scheme Ltd, or USS, for the financial year that ended March 31. Disposes of a further 17 properties for GBP28 million in line with book values, over this period.

Current stock price in London: 49.00 pence, up 0.7% on Wednesday

12-month change: up 16%

Current stock price in Johannesburg: ZAR12.00

12-month change: up 30% since listing in November

By Artwell Dlamini, Alliance News reporter

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