Assura makes 'strong strategic progress'

Property business Assura said on Monday that it has made "strong strategic progress" to start the first half of the trading year, with its annualised rent roll growing as the group hiked its quarterly dividend.

Assura said its portfolio now stands at 625 properties, with an annualised rent roll of £179.1m, up from £150.6m at the end of the prior trading year.

The FTSE 250-listed group also said its quarterly dividend had been increased by 2.4% to 0.84p per share, as announced at the time of its full-year results, with effect from July 2024.

Net debt, on the other hand, grew from £1.21bn to £1.57bn.

As of 0910 BST, Assura shares were down 1.04% at 41.74p.

Reporting by Iain Gilbert at Sharecast.com