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At this time it seems like WordPress is the preferred blogging platform out there right now. (from what I’ve read) Is that what you’re using on your blog?

Yes, via FastHosts.

The second top pick comes from JP Morgan, which has Primary Health Properties (LSE:PHP) in its sights. This unique real estate investment trust (REIT) landlord owns one of the largest portfolios of properties used by private healthcare professionals as well as the NHS. Think GP surgeries, pharmacies, dental clinics, etc.

With the bulk of its leases government-backed, the company’s long since enjoyed highly stable and predictable cash flows linked to inflation. And subsequently, management’s been able to deliver dividend hikes for more than 25 consecutive years.

Like many REITs, Primary Health Properties has seen its share price come under significant pressure in recent years. After all, higher interest rates don’t exactly create an ideal environment for landlords with lots of mortgage debt.

Nevertheless, given the nature of the firm’s clientele and the perceived strength of its cash flows, the analysts at JP Morgan have put their share price target at 114p. Compared to where the stock trades today, that’s a 17% potential capital gain paired with a tasty-looking 7.3% dividend yield.

However, there are still some crucial risks to consider.

Having the NHS as a primary tenant can be advantageous. But it also means that budget cuts and policy changes can be quite disruptive. It could even lead to lease agreements not being renewed. And since finding new tenants for specialised healthcare facilities isn’t easy, occupancy could come under pressure along with cash flows.

MotleyFool

After slipping below £1, is this FTSE 250 REIT an unmissable passive income opportunity?

This FTSE 250 income stock has fallen below £1, pushing the dividend yield to a whopping 7.95%! Is this a rare opportunity to grow investment income?

Posted by Zaven Boyrazian, CFA

Published 20 October

PHP

When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in.

The content of this article is provided for information purposes only and is not intended to be, nor does it constitute, any form of personal advice. Investments in a currency other than sterling are exposed to currency exchange risk. Currency exchange rates are constantly changing, which may affect the value of the investment in sterling terms. You could lose money in sterling even if the stock price rises in the currency of origin. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, and may have other tax implications, and may not provide the same, or any, regulatory protection as in the UK.

Over the last six months, the FTSE 250 has enjoyed some strong performance, climbing by more than 14%. However, not all of its constituents have been so fortunate, such as Primary Health Properties (LSE:PHP).

Like many other businesses in the real estate sector, the healthcare-focused landlord has suffered from generally weak investor sentiment, resulting in the share price slipping back below £1. Yet despite this, dividends have continued to flow. And as a result, the REIT now offers a tasty-looking 8% dividend yield.

Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information purposes only. It is not intended to be, neither does it constitute, any form of advice.

Impressive dividends

As a quick crash course, Primary Health Properties is one of the biggest healthcare landlords in the UK. It owns and leases a diversified portfolio of GP surgeries, pharmacies, and dental clinics primarily to the NHS.

With a government entity being one of its largest tenants, the company has enjoyed fairly resilient and predictable cash flows over the years. And it’s one of the main reasons why, despite the challenges within the real estate sector, the group has continued to reward shareholders with ever-increasing dividends for more than 25 years in a row.

But if that’s the case, why are investors seemingly not rushing to capitalise on the stock’s impressive yield?

Headwinds and challenges

Even with a resilient business model, the group has encountered several challenges both internally and externally. It’s no secret that higher interest rates have created numerous headaches for property owners, especially REITs that often carry significant debt burdens.

In the case of Primary Health, the group’s rental cash flows have continued to grow steadily, but rising debt costs have increased the pressure on net earnings.

At the same time, management’s contending with some protracted rent increase negotiations with the NHS. Should these talks fail, its currently impressive 99.1% occupancy might start to slip alongside its net rental income. After all, finding new tenants in the healthcare niche can be a bit trickier compared to the residential sector.

With that in mind, it’s not surprising that investors aren’t as keen to buy shares while the macro environment remains unfavourable.

Still worth considering?

The continued pressure of financing costs and delays in rent revaluations indicates that margins are at risk of being squeezed. This could also hinder rental income growth, squeezing the coverage of existing dividends and any potential future growth.

Nevertheless, the business continues to have an ace up its sleeve. Primary Health ultimately benefits from structural long-term demand for primary healthcare infrastructure. And that’s an advantage that doesn’t change even during economic downturns.

The balance sheet does carry a large chunk of debt. But it appears to remain manageable. And with interest rate cuts steadily emerging, the pressure from its outstanding loans should slowly alleviate over time while simultaneously helping boost the value of its property portfolio.

That’s why, despite the risks, I think this FTSE 250 REIT’s worth a closer look

How can I learn the secrets of the passive income millionaires?

Story by Alan Oscroft

Middle-aged male working at home desk© Provided by The Motley Fool

I’ve been doing a bit of research on the habits of successful passive income investors, and I came across a bit of a surprise

Yes, real estate has been profitable for a number of people. But I had a very shaky venture into it. And it has a fair few drawbacks for individual investors.

Not really passive

One is that many of us won’t have the capital to go for, say, rental properties. It’s not the kind of thing we can get started with just a few hundred pounds, like we can with a Stocks and Shares ISA.

It’s not entirely passive either. Finding tenants, collecting rent consistently, and maintenance all take time and effort. And the latter can sometimes prove very costly if you’re unlucky.

But there’s a way we can get into real estate without facing those major hurdles. And that’s to consider buying real estate investment trusts (REITs). They’re investment companies that put their money into various kinds of properties, and they do all the management. All we have to do is buy shares in them, just as we do with shares in general

Healthy property

I like Primary Health Properties (LSE: PHP), which invests in GP surgeries, pharmacies, dental clinics. Importantly, they’re mostly rented to the NHS on long-term leases.

Having the UK government as its main customer provides some stability and predictability. But it hasn’t made the trust immune to weak property values in recent times. Over the past five years, the PHP share price has fallen 35%.

Higher interest rates are a burden, especially with debt on the books. At the end of the first half this year, net debt reached £1,367m, up from £1,323m in December 2024. There doesn’t seem to be any liquidity problem, but it could keep the shares down for longer.

Big dividends

On the bright side, a lower share price means a bigger dividend yield. Right now, we’re looking at a forecast 7.3%. And analysts are forecasting rises between now and 2027. We could have long-term capital appreciation too — especially when interest rates fall.

There are plenty of other REITs to choose from, addressing different sectors of the property market.

Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information purposes only. It is not intended to be, neither does it constitute, any form of tax advice.

Millionaire style

Quite a few millionaire investors also invest for deferred income. That is, they aim for total returns — capital and dividends — and plan to convert it to income later.

Whilst all days are good days for a dividend investment plan, some days are better than others.

Dividends can be more reliable than share prices as they’re driven by
the companies performance itself and not by the whim of investors.

As part of a total return / reinvestment strategy, this income could be
reinvested into income assets or back into the equity market
depending on the relative valuations.

The emotional benefits of dividend re-investment.
In fact, with this investment strategy you can actually welcome falling share prices.

There will be another 1k to re-invest before the end of November.

It will buy a higher yielding Trust to balance the latest purchase in TMPL, which Trust is the known unknown.

The Snowball needs to major on the 2026 dividend stream where the purchase of LAND will provide £307 on the 9th of January.

TMPL is in the Snowball as a pair trade, where a low yield Trust is paired with a high yield Trust to maintain a blended yield of 7%.

TMPL could be sold if it prints a profit and re-invested in a higher yielding Trust or if not more shares could be bought using the Snowball’s dividend stream.

I will buy another 1k today, bringing the total to 3k as it’s xd this week.

THIRD INTERIM DIVIDEND

The Board of the Company has today declared its third interim dividend for the year ending 31 December 2025 of 3.75p per ordinary share (2024: 3.00p per ordinary share).

As described in the Company’s Annual Report for the year ended 31 December 2024, this dividend includes a 0.75p per ordinary share enhancement reflecting the Board’s decision to distribute an element of the returns earned from share buybacks within the Company’s portfolio.

It is the Board’s current intention, in the absence of unforeseen circumstances, to pay one more dividend of at least 3.75p per ordinary share in respect of the current financial year. This has raised the prospective dividend yield on the Company’s shares to 4.1%.

The third interim dividend will be paid on 30 December 2025 to those shareholders registered at the close of business on 21 November 2025.

The ordinary shares will trade ex-dividend from 20 November 2025.

Current price £3.67, most probably cheaper later today, a yield of 4%.

Thursday 20 November

3i Infrastructure PLC ex-dividend date
Aberdeen Asia Focus PLC ex-dividend date
BlackRock Greater Europe Investment Trust PLC ex-dividend date
Empiric Student Property PLC ex-dividend date
Greencoat Renewables PLC ex-dividend date
Gresham House Energy Storage Fund PLC ex-dividend date
JPMorgan UK Small Cap Growth & Income PLC ex-dividend date
Premier Miton Global Renewables Trust PLC ex-dividend date
Schroder Oriental Income Fund Ltd ex-dividend date
Scottish Mortgage Investment Trust PLC ex-dividend date
Temple Bar Investment Trust PLC ex-dividend date

I’ve bought 1621 shares in LAND for 10k. The plan is to collect the dividend and then look again at the position.

I’ve sold TRIG for a profit of £1,185.00 including the earned dividend but not yet received. There might be, in time, more profit from the Trust but the Snowball is and always will be about earning and re-investing dividends.

Because the Trust was a recent addition to the Snowball the ARR is 9,183.75%, which is only chewing gum for the eyes as it’s not repeatable.

Cash to invest £11,367.00. I might put the profit into TMPL and buy LAND as it’s xd this week.