Copied from the Watch List Below.

The yield is a blend of the future fcast yield and the historical yield. Here because of the takeover of Assura the yield may change.

Notice of interim dividend

The Company announces the first quarterly interim dividend in 2026 of 1.825 pence per ordinary share, equivalent to 7.3 pence on an annualised basis, which represents an increase of 2.8% over the dividend per share distributed in 2025 of 7.1 pence and will mark the 30th year of consecutive dividend growth for PHP.  

The 1.825 pence dividend will be paid by way of a Property Income Distribution (“PID”) of 1.325 pence and an ordinary dividend of 0.500 pence on 13 March 2026 to shareholders on the register on 30 January 2026.

The Company intends to maintain its strategy of paying a progressive dividend, paid in equal quarterly instalments, that is covered by adjusted earnings in each financial year. Further dividend payments are planned to be made on a quarterly basis in May, August and November 2026 which are expected to comprise a mixture of both PID and normal dividend.

Share price £1.04 dividend 7.3p Yield 7%

You can only base your decisions on the statement from the company and take action if the future dividend changes.

There is no premium/discount to NAV as although the share is a REIT it’s an Investment Company, so you need to look at the Fair Value, which isn’t as reliable as a company’s NAV RNS.

NTAV is the capital minus any outstanding loans.

Trading Tip

Looking at the loans figure you can understand why REIT’s fall in value when interest rates rise and vice versa when they fall.

If you were lucky with your timing or new that REIT’s prices rise when interest rates fall, not all REIT’s so better to be lucky than clever, you would have made a TR return of 22%.

Which you may decide to take some or all of your profit and re-invest in another share, with a higher yield and discount to NAV.

Or maintain the holding and use the ‘secure’ dividend, no dividend is 100% secure

and re-invest the dividends in a higher yielder.

The Watch List will be reviewed at the end of the month and any shares that yield less than 5% will be deleted.