Full Year 2024 Target Healthcare REIT PLC Earnings Call Transcript
Good morning. This is Kenneth MacKenzie. I'm delighted to be presenting to you the annual results for Target Healthcare REIT.
And before I start, I saw a comment today in the FT regarding listed companies that fund managers were bemoaning the lack of choice, that quality is eroding. I can assure you that is not the case here. Gordon and I are going to present to you; see the next slide, about the results for the year. Gordon and I have worked together on this for the last 11 years and it's been an absolute pleasure to be able to create great real estate within the sector and create a long income resulting from the sector.
Next slide please.
This is a portfolio of scale with a robust rental income stream. We have 94 care homes just under 6,500 beds and just under GBP60 million of contracted rent with the value over GBP900 million at a net [etra] topped up net initial yield of 6.2%. And we're highly diversified. When we set out 11 years ago to create this product, we said we would be highly diversified. Our
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