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About the company
Target Healthcare REIT plc is a United Kingdom-based externally managed real estate investment trust. The Company’s investment objective is to provide shareholders with an attractive level of income together with the potential for capital and income growth from investing in a diversified portfolio of freehold and long leasehold care homes that are let to care home operators, and other healthcare assets in the United Kingdom. Its portfolio includes Chawley Grove, Roden Hall, The Oaks, Goldwell Manor, Woodland View, and The Manor. The Company’s portfolio comprises 94 properties let to 34 tenants. The Company invests in a portfolio of care homes, predominantly in the United Kingdom, which are let to care home operators on full repairing and insuring leases. It provides fit-for-purpose real estate for the long term to care providers who demonstrate operational capabilities. The Company’s investment manager and alternative investment fund manager is Target Fund Managers Limited.
- Revenue in GBP (TTM)72.93m
- Net income in GBP60.85m
- Incorporated2019
- Employees0.00
- LocationTarget Healthcare REIT plcLevel 4 Dashwood House69 Old Broad StreetLONDON EC2M 1QSUnited KingdomGBR
- Phone+44 17 8684 5912
- Websitehttps://www.targethealthcarereit.co.uk/
Profile
| Management group(s) | Target Fund Managers Limited |
|---|---|
| AIC sector | Property - UK Healthcare |
| ISIN | GB00BJGTLF51 |
| Launch date | 07 Mar 2013 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
The Group pursues its objective by investing in a portfolio of care homes, predominantly in the UK, that are let to care home operators on full repairing and insuring leases that are subject to annual uplifts based on increases in the UK retail prices index (subject to caps and collars) or fixed uplifts. The Group is also able to generate up to 15% of its gross income, in any financial year, from non-rental revenue or profit related payments from care home operators under management contracts in addition to the rental income due under fully repairing and insuring leases.
Managed by
| Kenneth MacKenzie, John Flannelly, Andrew Brown, Gordon Bland, Scott Steven, Donald Cameron |
|---|
Management & contract fees
NAV up to and including GBP 500m, annual fee is 1.05%; Above GBP 500m and up to and including GBP 750m, fee is 0.95%; Above GBP 750m and up to and including GBP 1bn, fee is 0.85%; Above GBP 1bn and up to and including GBP 1.5bn, fee is 0.75%; Above GBP 1.5bn, fee is 0.65%. No performance fee. Contract is terminable on 24 months notice.
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| Rathbones Investment Management Ltd.as of 02 Oct 2025 | 30.98m | 5.00% |
| Schroder & Co. Ltd.as of 30 Jun 2025 | 23.44m | 3.78% |
| Premier Fund Managers Ltd.as of 30 Sep 2025 | 20.75m | 3.35% |
| Alder Investment Management Ltd.as of 31 Dec 2025 | 20.00m | 3.23% |
| W1m Investment Management Ltd.as of 09 Apr 2025 | 18.87m | 3.04% |
| BlackRock Investment Management (UK) Ltd.as of 30 Jan 2026 | 17.17m | 2.77% |
| West Yorkshire Pension Fundas of 31 Mar 2025 | 16.82m | 2.71% |
| Gravis Advisory Ltd.as of 30 Jun 2025 | 13.89m | 2.24% |
| CG Asset Management Ltd.as of 31 Dec 2025 | 12.61m | 2.03% |
| BlackRock Advisors (UK) Ltd.as of 09 Jan 2026 | 11.47m | 1.85% |
