Primary Health Properties Reports Strong Earnings Growth in H126

Primary Health Properties (PHP) has announced its results for the first half of 2026, demonstrating robust earnings growth. The integration with Assura and positive portfolio development were key contributors to this performance. Adjusted earnings per share rose by 9% to 3.8p, easily covering the dividend per share, which increased by 3% to 3.65p. This marks PHP's 30th consecutive year of dividend growth.

PHP has already achieved 92% of the anticipated £9 million cost synergies from the Assura merger. Plans are in place to reduce leverage back to the targeted range post-transaction. Additionally, PHP has agreed on exclusive terms for a 50/50 private hospital joint venture with a global institutional investor, signaling its commitment to strategic growth initiatives.