Objectives and strategy
Our strategy helps us to meet the growing need for care beds for the elderly, while delivering our investment objectives.
Our investment objectives
Our investment objective is to provide shareholders with attractive and sustainable returns, mainly in the form of quarterly dividends, while also growing net asset values over the medium term through a diversified portfolio of healthcare real estate assets.
Our targets are to generate:
- a progressive dividend that’s fully covered by adjusted1 earnings per share; and
- an average total accounting return of 9.0% per annum2.
- Adjusted EPS strips out non-cash and one-off items.
- This is a target only and not a profit forecast. There can be no assurance that the target will be met and it should not be taken as an indicator of the Company’s expected or actual results. Total accounting return reflects the dividend we pay and growth in the value of our assets. We expect higher valuations to mainly result from rising rents and our asset management projects, rather than relying on wider market improvements.
Our purpose and business model determine our strategic priorities. These are to:
Optimise our business
To provide more care home beds that are fit for our purpose.
Work with our tenants
To form long-term, mutually beneficial partnerships, so we can grow together.
Focus on quality
By investing in our buildings and supporting our tenants to provide quality care to their residents.
Focus on affordability
By setting rents at levels our tenants can afford now and in the long term, enabling them to charge fees that are more likely to be affordable to residents.
Increase our sustainability
By continuing to improve our portfolio’s social and environmental performance.