Target Healthcare REIT Ltd

LSE:THRL UK REIT - Healthcare Facilities
Market Cap
$7.71 Million
GBX63.39 Billion GBX
Market Cap Rank
#41479 Global
#603 in UK
Share Price
GBX102.20
Change (1 day)
+1.19%
52-Week Range
GBX87.10 - GBX107.80
All Time High
GBX107.80
Categories
Companies in UK REIT - Healthcare Facilities
About

UK listed Target Healthcare REIT plc (THRL) is an externally managed FTSE 250 Real Estate Investment Trust which provides shareholders with an attractive level of income, together with the potential for capital and income growth, from investing in a diversified portfolio of modern, purpose-built care homes. The Group's portfolio at 30 September 2025 comprised 93 assets let to 32 tenants with a to… Read more

Target Healthcare REIT Ltd (THRL) - Net Assets

Latest net assets as of June 2025: GBX712.46 Million GBX

Based on the latest financial reports, Target Healthcare REIT Ltd (THRL) has net assets worth GBX712.46 Million GBX as of June 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX986.19 Million) and total liabilities (GBX273.73 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets GBX712.46 Million
% of Total Assets 72.24%
Annual Growth Rate 33.33%
5-Year Change 26.06%
10-Year Change 181.29%
Growth Volatility 176.31

Target Healthcare REIT Ltd - Net Assets Trend (2005–2025)

This chart illustrates how Target Healthcare REIT Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Target Healthcare REIT Ltd (2005–2025)

The table below shows the annual net assets of Target Healthcare REIT Ltd from 2005 to 2025.

Year Net Assets Change
2025-06-30 GBX712.46 Million +3.36%
2024-06-30 GBX689.29 Million +5.27%
2023-06-30 GBX654.81 Million -6.29%
2022-06-30 GBX698.77 Million +23.64%
2021-06-30 GBX565.18 Million +14.38%
2020-06-30 GBX494.11 Million +19.61%
2019-06-30 GBX413.09 Million +15.19%
2018-06-30 GBX358.61 Million +39.57%
2017-06-30 GBX256.94 Million +1.44%
2016-06-30 GBX253.28 Million +81.84%
2015-06-30 GBX139.29 Million +54.39%
2014-06-30 GBX90.22 Million +795.20%
2013-06-30 GBX10.08 Million -3.69%
2012-06-30 GBX10.46 Million +18.10%
2011-06-30 GBX8.86 Million +27.87%
2010-06-30 GBX6.93 Million +0.61%
2009-06-30 GBX6.89 Million -12.22%
2008-06-30 GBX7.85 Million +17.23%
2007-06-30 GBX6.69 Million +252.08%
2006-06-30 GBX1.90 Million -15.92%
2005-06-30 GBX2.26 Million --

Equity Component Analysis

This analysis shows how different components contribute to Target Healthcare REIT Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 18730400000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2025)

Component Amount Percentage
Retained Earnings GBX187.30 Million 26.29%
Common Stock GBX6.20 Million 0.87%
Other Comprehensive Income GBX262.32 Million 36.82%
Other Components GBX256.63 Million 36.02%
Total Equity GBX712.46 Million 100.00%

Target Healthcare REIT Ltd Competitors by Market Cap

The table below lists competitors of Target Healthcare REIT Ltd ranked by their market capitalization.

Company Market Cap
FLEXSHOPPER NEW DL-001
F:9FL
 		$81.38K
COLORADO
BC:COLORADO
 		$81.38K
TRIPADVISOR (T6A.SG)
STU:T6A
 		$81.40K
Sustainable Power & Infrastructure Split Corp
TO:PWI
 		$81.45K
PRINC.PR.EQ.HLDGS EO-001
F:PEYA
 		$81.33K
FILA-Fabbrica Italiana Lapis ed Affini SpA
STU:3S0
 		$81.31K
MFS Investment Grade Municipal Trust
NYSE:CXH
 		$81.30K
5D Acquisition Corp.
V:FIVD-P
 		$81.25K

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Target Healthcare REIT Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 689,293,000 to 712,460,000, a change of 23,167,000 (3.4%).
  • Net income of 60,845,000 contributed positively to equity growth.
  • Dividend payments of 36,114,000 reduced retained earnings.
  • Other comprehensive income increased equity by 12,565,000.
  • Other factors decreased equity by 14,129,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income GBX60.84 Million +8.54%
Dividends Paid GBX36.11 Million -5.07%
Other Comprehensive Income GBX12.56 Million +1.76%
Other Changes GBX-14.13 Million -1.98%
Total Change GBX- 3.36%

Book Value vs Market Value Analysis

This analysis compares Target Healthcare REIT Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 88.97x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has increased from 81.92x to 88.97x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2014-06-30 GBX1.25 GBX102.20 x
2015-06-30 GBX1.17 GBX102.20 x
2016-06-30 GBX1.47 GBX102.20 x
2017-06-30 GBX1.02 GBX102.20 x
2018-06-30 GBX1.27 GBX102.20 x
2019-06-30 GBX1.12 GBX102.20 x
2020-06-30 GBX1.12 GBX102.20 x
2021-06-30 GBX1.19 GBX102.20 x
2022-06-30 GBX1.17 GBX102.20 x
2023-06-30 GBX1.06 GBX102.20 x
2024-06-30 GBX1.11 GBX102.20 x
2025-06-30 GBX1.15 GBX102.20 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Target Healthcare REIT Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 8.54%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 83.43%
  • • Asset Turnover: 0.07x
  • • Equity Multiplier: 1.38x
  • Recent ROE (8.54%) is above the historical average (6.15%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2014 0.61% 12.38% 0.04x 1.16x GBX-8.47 Million
2015 6.86% 69.60% 0.08x 1.27x GBX-4.38 Million
2016 4.62% 69.35% 0.06x 1.12x GBX-13.63 Million
2017 7.44% 82.75% 0.08x 1.19x GBX-6.57 Million
2018 7.70% 97.33% 0.07x 1.21x GBX-8.25 Million
2019 7.23% 91.60% 0.06x 1.30x GBX-11.42 Million
2020 6.40% 88.02% 0.05x 1.34x GBX-17.79 Million
2021 7.76% 89.18% 0.07x 1.27x GBX-12.63 Million
2022 7.03% 88.47% 0.06x 1.38x GBX-20.78 Million
2023 -1.00% 0.00% 0.00x 1.39x GBX-72.05 Million
2024 10.59% 93.05% 0.08x 1.40x GBX4.09 Million
2025 8.54% 83.43% 0.07x 1.38x GBX-10.40 Million

Industry Comparison

This section compares Target Healthcare REIT Ltd's net assets metrics with peer companies in the REIT - Healthcare Facilities industry.

Industry Context

  • Industry: REIT - Healthcare Facilities
  • Average net assets among peers: $642,867,000
  • Average return on equity (ROE) among peers: 1.55%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Target Healthcare REIT Ltd (THRL) GBX712.46 Million 0.61% 0.38x $81.35K
Care REIT plc (CRT) $349.52 Million 8.23% 0.23x $119.82
Life Science REIT PLC (LABS) $350.58 Million 2.21% 0.03x $16.05K
Primary Health Properties (PHP) $1.23 Billion -5.80% 1.09x $322.69K