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Impact Healthcare REIT

BATS-CHIXE:IHRL
Snowflake Description

Undervalued with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IHRL
BATS-CHIXE
£297M
Market Cap
  1. Home
  2. GB
  3. Real Estate
Company description

Impact Healthcare REIT Plc is a real estate investment trust externally managed by Carne Global AIFM Solutions. The last earnings update was 214 days ago. More info.


Add to Portfolio Compare Print
  • Impact Healthcare REIT has significant price volatility in the past 3 months.
IHRL Share Price and Events
7 Day Returns
24.8%
BATS-CHIXE:IHRL
-4.2%
GB REITs
-2.2%
GB Market
1 Year Returns
-
BATS-CHIXE:IHRL
-24.4%
GB REITs
-25.9%
GB Market
IHRL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Impact Healthcare REIT (IHRL) 24.8% -14.6% -15.4% - - -
GB REITs -4.2% -26.5% -32.1% -24.4% -23.4% -30%
GB Market -2.2% -21.7% -29.6% -25.9% -26.6% -26.2%
1 Year Return vs Industry and Market
  • No trading data on IHRL.
  • No trading data on IHRL.
Price Volatility
IHRL
Industry
5yr Volatility vs Market

IHRL Value

 Is Impact Healthcare REIT undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Impact Healthcare REIT to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Impact Healthcare REIT.

BATS-CHIXE:IHRL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.4%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BATS-CHIXE:IHRL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.45
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.45 (1 + (1- 19%) (7.85%))
0.651
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.8 * 6.07%)
5.39%

Discounted Cash Flow Calculation for BATS-CHIXE:IHRL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Impact Healthcare REIT is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BATS-CHIXE:IHRL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 5.39%)
2020 18.00 Analyst x2 17.08
2021 24.00 Analyst x2 21.61
2022 27.00 Analyst x1 23.07
2023 30.00 Analyst x1 24.32
2024 32.08 Est @ 6.94% 24.68
2025 33.69 Est @ 5.02% 24.59
2026 34.93 Est @ 3.67% 24.19
2027 35.88 Est @ 2.73% 23.58
2028 36.63 Est @ 2.07% 22.84
2029 37.21 Est @ 1.61% 22.02
Present value of next 10 years cash flows £227.00
BATS-CHIXE:IHRL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £37.21 × (1 + 0.53%) ÷ (5.39% – 0.53%)
£770.42
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £770.42 ÷ (1 + 5.39%)10
£455.93
BATS-CHIXE:IHRL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £227.00 + £455.93
£682.93
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £682.93 / 318.95
£2.1
BATS-CHIXE:IHRL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:IHRL represents 0.98279x of LSE:IHR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98279x
Value per Share
(Listing Adjusted, GBP)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 2.10 x 0.98279
£2.07
Value per share (GBP) From above. £2.07
Current discount Discount to share price of £0.91
= -1 x (£0.91 - £2.07) / £2.07
55.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Impact Healthcare REIT is available for.
Intrinsic value
>50%
Share price is £0.91 vs Future cash flow value of £2.07
Current Discount Checks
For Impact Healthcare REIT to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Impact Healthcare REIT's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Impact Healthcare REIT's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Impact Healthcare REIT's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Impact Healthcare REIT's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:IHRL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £0.09
LSE:IHR Share Price ** LSE (2020-04-03) in GBP £0.93
United Kingdom of Great Britain and Northern Ireland REITs Industry PE Ratio Median Figure of 38 Publicly-Listed REITs Companies 12.58x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.32x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Impact Healthcare REIT.

BATS-CHIXE:IHRL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:IHR Share Price ÷ EPS (both in GBP)

= 0.93 ÷ 0.09

10.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Impact Healthcare REIT is good value based on earnings compared to the GB REITs industry average.
  • Impact Healthcare REIT is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Impact Healthcare REIT's expected growth come at a high price?
Raw Data
BATS-CHIXE:IHRL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
30.5%per year
United Kingdom of Great Britain and Northern Ireland REITs Industry PEG Ratio Median Figure of 22 Publicly-Listed REITs Companies 0.67x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 0.97x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:IHRL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.03x ÷ 30.5%

0.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Impact Healthcare REIT is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Impact Healthcare REIT's assets?
Raw Data
BATS-CHIXE:IHRL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £1.05
LSE:IHR Share Price * LSE (2020-04-03) in GBP £0.93
United Kingdom of Great Britain and Northern Ireland REITs Industry PB Ratio Median Figure of 54 Publicly-Listed REITs Companies 0.73x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.06x
BATS-CHIXE:IHRL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:IHR Share Price ÷ Book Value per Share (both in GBP)

= 0.93 ÷ 1.05

0.89x

* Primary Listing of Impact Healthcare REIT.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Impact Healthcare REIT is overvalued based on assets compared to the GB REITs industry average.
X
Value checks
We assess Impact Healthcare REIT's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Impact Healthcare REIT has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

IHRL Future Performance

 How is Impact Healthcare REIT expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
30.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Impact Healthcare REIT expected to grow at an attractive rate?
  • Impact Healthcare REIT's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Impact Healthcare REIT's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Impact Healthcare REIT's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:IHRL Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:IHRL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 30.5%
BATS-CHIXE:IHRL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 16.9%
United Kingdom of Great Britain and Northern Ireland REITs Industry Earnings Growth Rate Market Cap Weighted Average 24.1%
United Kingdom of Great Britain and Northern Ireland REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.4%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BATS-CHIXE:IHRL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:IHRL Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 45 1
2023-12-31 43 1
2022-12-31 42 2
2021-12-31 34 27 41 2
2020-12-31 26 21 29 2
2020-04-04
2019-12-31 20 14 23 2
BATS-CHIXE:IHRL Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 20 10 19
2019-03-31 19 10 18
2018-12-31 17 10 16
2018-06-30 14 8 14
2017-12-31 8 7 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Impact Healthcare REIT's earnings are expected to grow significantly at over 20% yearly.
  • Impact Healthcare REIT's revenue is expected to grow by 16.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BATS-CHIXE:IHRL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Impact Healthcare REIT Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:IHRL Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 0.13 0.13 0.13 1.00
2020-12-31 0.09 0.09 0.09 1.00
2020-04-04
2019-12-31 0.09 0.09 0.09 1.00
BATS-CHIXE:IHRL Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 0.09
2019-03-31 0.09
2018-12-31 0.09
2018-06-30 0.07
2017-12-31 0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Impact Healthcare REIT is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Impact Healthcare REIT's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Impact Healthcare REIT has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

IHRL Past Performance

  How has Impact Healthcare REIT performed over the past 5 years?

  • Impact Healthcare REIT's last earnings update was 214 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Impact Healthcare REIT's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Impact Healthcare REIT's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Impact Healthcare REIT's 1-year earnings growth to the 5-year average due to insufficient past data.
  • Impact Healthcare REIT's earnings growth has exceeded the GB REITs industry average in the past year (39.4% vs -21.6%).
Earnings and Revenue History
Impact Healthcare REIT's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Impact Healthcare REIT Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:IHRL Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 20.26 18.95 3.95
2019-03-31 18.78 17.71 3.74
2018-12-31 17.31 16.47 3.54
2018-06-30 13.67 13.59 2.88
2017-12-31 8.05 8.11 1.97

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Impact Healthcare REIT has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Impact Healthcare REIT used its assets more efficiently than the GB REITs industry average last year based on Return on Assets.
  • Unable to establish if Impact Healthcare REIT improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Impact Healthcare REIT's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Impact Healthcare REIT has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

IHRL Health

 How is Impact Healthcare REIT's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Impact Healthcare REIT's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Impact Healthcare REIT is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Impact Healthcare REIT's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Impact Healthcare REIT's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Impact Healthcare REIT Company Filings, last reported 9 months ago.

BATS-CHIXE:IHRL Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 299.93 23.27 52.15
2019-03-31 299.93 23.27 52.15
2018-12-31 198.34 24.71 1.47
2018-06-30 196.10 24.06 36.16
2017-12-31 193.45 0.00 38.39
  • Impact Healthcare REIT's level of debt (7.8%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Impact Healthcare REIT's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (45%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.8x coverage).
X
Financial health checks
We assess Impact Healthcare REIT's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Impact Healthcare REIT has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

IHRL Dividends

 What is Impact Healthcare REIT's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.63%
Current annual income from Impact Healthcare REIT dividends. Estimated to be 7.31% next year.
If you bought £2,000 of Impact Healthcare REIT shares you are expected to receive £133 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Impact Healthcare REIT's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.66%).
  • Impact Healthcare REIT's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (7.42%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BATS-CHIXE:IHRL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland REITs Industry Average Dividend Yield Market Cap Weighted Average of 48 Stocks 5.4%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 595 Stocks 5.7%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.7%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BATS-CHIXE:IHRL Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 0.07 1.00
2023-12-31 0.07 1.00
2022-12-31 0.08 2.00
2021-12-31 0.06 2.00
2020-12-31 0.06 2.00
2020-04-04
2019-12-31 0.06 2.00
BATS-CHIXE:IHRL Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-07-30 0.062 5.870
2019-05-01 0.062 5.608
2019-04-09 0.060 5.563
2019-03-28 0.060 5.602
2018-10-23 0.060 5.815
2018-08-09 0.060 5.788
2018-02-01 0.060 5.818
2017-09-22 0.060 5.827
2017-07-17 0.060 5.816

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Impact Healthcare REIT has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Impact Healthcare REIT only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Impact Healthcare REIT's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Impact Healthcare REIT's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Impact Healthcare REIT afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Impact Healthcare REIT has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

IHRL Management

 What is the CEO of Impact Healthcare REIT's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Impact Healthcare REIT has no CEO, or we have no data on them.
Management Team

Mahesh Patel

TITLE
Managing Partner of Impact Health Partners LLP

Andrew Cowley

TITLE
Managing Partner of Impact Health Partners LLP
AGE
55

David Yaldron

TITLE
Finance Director of Impact Health Partners LLP
Board of Directors Tenure

Average tenure and age of the Impact Healthcare REIT board of directors in years:

3
Average Tenure
56
Average Age
  • The average tenure for the Impact Healthcare REIT board of directors is less than 3 years, this suggests a new board.
Board of Directors

Rupert George Maxwell Barclay

TITLE
Independent Non-Executive Chairman
COMPENSATION
£42K
AGE
62
TENURE
3.1 yrs

Rosemary Boot

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£33K
AGE
56

Amanda Aldridge

TITLE
Independent Non-Executive Director
AGE
56
TENURE
1.1 yrs

Phil Hall

TITLE
Independent Non-Executive Director
COMPENSATION
£31K
AGE
64
TENURE
3.3 yrs

Paul Craig

TITLE
Non-Executive Director
COMPENSATION
£31K
AGE
50
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
15. May 19 Buy Rupert George Maxwell Barclay Individual 15. May 19 15. May 19 83,287 £1.06 £88,284
X
Management checks
We assess Impact Healthcare REIT's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Impact Healthcare REIT has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

IHRL News

Simply Wall St News

IHRL Company Info

Description

Impact Healthcare REIT Plc is a real estate investment trust externally managed by Carne Global AIFM Solutions. The firm invests in the real estate markets of United Kingdom. It primarily acquires, owns, leases, renovates, extends and redevelops high quality healthcare real estate assets. Impact Healthcare REIT Plc was formed on 7 November 2016 and is based in London, United Kingdom.

Details
Name: Impact Healthcare REIT PLC
IHRL
Exchange: BATS-CHIXE
Founded: 2016
£296,627,090
318,953,861
Website: http://www.impactreit.uk
Address: Impact Healthcare REIT PLC
9 Berkeley Street,
7th Floor,
London,
Greater London, W1J 8DW,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE IHR Share Capital London Stock Exchange GB GBP 07. Mar 2017
BATS-CHIXE IHRL Share Capital BATS 'Chi-X Europe' GB GBP 07. Mar 2017
Number of employees
Current staff
Staff numbers
0
Impact Healthcare REIT employees.
Industry
Health Care REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 22:20
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/02
Last earnings filing: 2019/09/03
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.