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About the company
Care REIT PLC, formerly Impact Healthcare REIT PLC, is a real estate investment trust. The Company acquires, renovates, extends and redevelops high quality healthcare real estate assets in the United Kingdom (UK) and lets these assets on long-term full repairing and insuring leases to high-quality established healthcare operators which offer good quality care, under leases which provide the Company with attractive levels of rent cover. Its investment objective is to provide shareholders with an attractive sustainable return, principally in the form of quarterly income distributions and with the potential for capital and income growth, through exposure to a diversified and resilient portfolio of healthcare real estate assets, in particular care homes for the elderly. Its portfolio is diversified across the UK, focusing on areas with strong demand for care and attractive property prices, and where there is often less competition. Its investment manager is Impact Health Partners LLP.
- Revenue in GBP (TTM)54.19m
- Net income in GBP47.58m
- Incorporated2016
- Employees0.00
- LocationCare REIT plcThe Scalpel, 18Th Floor, 52 Lime StreetLONDON EC3M 7AFUnited KingdomGBR
- Phone+44 207 409 0181
- Websitehttps://www.carereit.co.uk/
Profile
| Management group(s) | Impact health Partners LLP |
|---|---|
| AIC sector | Property - UK Healthcare |
| ISIN | GB00BYXVMJ03 |
| Launch date | 07 Mar 2017 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
To seek to provide Shareholders with an attractive return, principally in the form of quarterly income distributions and with the potential for capital and income growth through exposure to a diversified portfolio of Healthcare Real Estate Assets. The investment policy is to acquire, own, lease, renovate, extend and redevelop high quality, Healthcare Real Estate Assets in the UK, in particular residential care homes and to lease those assets to care home operators and other healthcare service providers under full repairing and insuring leases.
Managed by
| Andrew Cowley, Mahesh Patel |
|---|
Management & contract fees
The advisory fee is 1% p.a. of the Company's NAV up to GBP 500m and 0.70% thereafter, payable quarterly. The Investment Management Agreement may be terminated by either party on six months notice,
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