Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Stock

Assura completes £25 million asset disposal

admin by admin
October 24, 2024
in Stock
0
Assura completes £25 million asset disposal
0
SHARES
11
VIEWS
Share on FacebookShare on Twitter

LONDON – Assura plc, a prominent UK healthcare real estate investment trust (REIT), has concluded the sale of 12 properties, totaling £25 million in cash proceeds. The transaction aligns with the assets’ book value and will contribute to a partial repayment of the group’s revolving credit facility.

The completed sale is part of a broader disposal strategy that Assura embarked upon following its substantial £500 million private hospital portfolio acquisition in August 2024. The company is actively negotiating additional disposals expected to reach approximately £110 million. These discussions include a mix of portfolio sales and transfers of assets into a joint venture partnership previously announced.

Furthermore, Assura has identified a pipeline of 27 assets, valued at around £90 million, which fit the disposal criteria. Preliminary steps towards their potential sale have begun. This strategic move aims to decrease the company’s net debt to EBITDA ratio to below nine times and its loan-to-value (LTV) ratio to under 45% within the next 18 to 24 months.

Jonathan Murphy, CEO of Assura, expressed satisfaction with the recent transactions, highlighting their alignment with the book value and the attractiveness of the healthcare asset class they represent. He reiterated the importance of the August acquisition in diversifying Assura’s portfolio and emphasized the disposals program as a key element in the company’s commitment to reducing leverage post-acquisition.

Investors can expect a detailed update on Assura’s disposal program during the half-year results presentation scheduled for 14 November 2024.

This strategic divestment initiative is part of Assura’s ongoing efforts to optimize its portfolio and strengthen its financial position. The information provided is based on a press release statement from Assura.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com

Previous Post

Here’s what 10 analysts have to say about Tesla stock after blockbuster quarter

Next Post

UPS beats quarterly profit estimates, raises operating margin forecast

admin

admin

Next Post
UPS beats quarterly profit estimates, raises operating margin forecast

UPS beats quarterly profit estimates, raises operating margin forecast

Trending News

SoFi stock vs Robinhood Markets: which fintech stock is a better buy?

SoFi stock vs Robinhood Markets: which fintech stock is a better buy?

July 1, 2025
Dow futures soar 250 points today: 5 things to know before Wall Street opens

Dow futures soar 250 points today: 5 things to know before Wall Street opens

August 7, 2025
Russia confirms zero gas exports to Europe via Ukraine for January 1

Russia confirms zero gas exports to Europe via Ukraine for January 1

January 1, 2025
Subscribe to Insightful Word


    Recent News

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    August 28, 2025
    SentinelOne stock price forecast ahead of earnings: buy or sell?

    SentinelOne stock price forecast ahead of earnings: buy or sell?

    August 28, 2025
    Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    August 28, 2025
    Urban Outfitters stock slides 4% despite strong quarter on cautious outlook

    Urban Outfitters stock slides 4% despite strong quarter on cautious outlook

    August 28, 2025

    Recent News

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    August 28, 2025
    SentinelOne stock price forecast ahead of earnings: buy or sell?

    SentinelOne stock price forecast ahead of earnings: buy or sell?

    August 28, 2025

    Latest News

    • Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in
    • SentinelOne stock price forecast ahead of earnings: buy or sell?
    • Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.