Target Healthcare REIT plc (THRL)

Profile

https://www.targethealthcarereit.co.uk

Target Healthcare REIT plc is a United Kingdom-based real estate investment trust specializing in healthcare properties, primarily a diversified portfolio of freehold and long leasehold care homes leased to experienced operators. Launched in March 2013, it focuses on generating an attractive level of income alongside potential for capital and income growth through investments in modern, purpose-built facilities across the UK. The portfolio, valued at approximately £0.8 billion as of June 2025, comprises around 94-95 care homes let on full repairing and insuring leases with annual uplifts linked to the UK Retail Prices Index, subject to caps and collars. As the UK's pioneering care home REIT and a FTSE 250 constituent, it plays a vital role in the healthcare real estate sector, supporting an aging population's needs while offering exposure to specialized assets with stable, inflation-linked rental income. Target Healthcare REIT plc manages operations through subsidiaries and is headquartered in London, emphasizing tenant covenants and property valuations driven by rental levels and yields.