Our opinion on the current state of PHP

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Primary Healthcare Properties is a real estate investment trust (REIT) which owns a portfolio of 513 healthcare properties in the UK worth GBP2,8bn. The company says it is, "Low risk, long term, non-cyclical market with development opportunities on-site and in immediate pipeline, with further emerging in the UK, opportunities in Ireland, priced attractively, majority of rents in both jurisdictions funded by government for long lease terms, WAULT of 11.0 years (2021: 11.6 years) and 89% rent roll funded by government bodies". The share is as yet untraded on the JSE.