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Generation Healthcare dividend rises

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GHC dividend rises

Generation Healthcare REIT has recorded a 146 per cent increase in its interim 2014 statutory profit to $3.2 million, including gains in its investment properties and financial derivatives. Underlying operating income was up 47 per cent to $4.7 million with strong property rental growth and a full six month contribution from its Bendigo facility and Westmead Rehabilitation Hospital in Sydney. The property trust is paying an interim distribution per unit of 4¢, up nine per cent. The landlord has reaffirmed its guidance for a 9 per cent rise in the full year distribution to 8¢. nick lenaghan

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    Original URL: https://www.afr.com/property/commercial/generation-healthcare-dividend-rises-20140221-ixqmk