Mark Allen
Chief Executive Officer
Replay available
Primary Health Properties PLC (PHP) Q2 2026 Earnings Call
Primary Health Properties PLC (LSE: PHP) Q2 2026 earnings conference call, held 2026-07-30. Replay captured from the company's public earnings webcast.
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Richard Hill
Chief Financial Officer
Chris Minton
Analyst, Deutsche Bank
Kanat Mitra
Analyst, Barclays
Investor webinar replay
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Replay transcript excerpt
WEBVTT 00:00:00.111 -- 00:00:05.155 Hello everyone and thank you for joining us for PHP's interim results for the six months 00:00:05.155 -- 00:00:09.819 ended 30th of June 2026. It's 00:00:09.819 -- 00:00:15.844 been another busy period for us, delivering a robust operational performance, 00:00:15.844 -- 00:00:21.609 translating into strong financial results and good earnings growth. 00:00:21.609 -- 00:00:26.833 We've also made very good progress on our key strategic objectives 00:00:26.833 -- 00:00:30.235 and I'll walk you through those shortly. 00:00:32.232 -- 00:00:36.355 First moving on to the highlights of our results in the first half. 00:00:36.355 -- 00:00:42.139 The operational activity in our portfolio remains a key driver for us. 00:00:42.139 -- 00:00:48.083 Rental growth on our rent reviews are a high volume aspect of our business, 00:00:48.083 -- 00:00:51.325 which supports both earnings and dividend growth. 00:00:51.325 -- 00:00:56.429 And we're again encouraged by the rental uplifts we have achieved in the 00:00:56.429 -- 00:00:57.932 period. 00:00:57.932 -- 00:01:03.155 This has been enhanced by the asset management and risk control development activity, 00:01:03.155 -- 00:01:09.139 which is vital to set evidence for these rent reviews in the future. 00:01:09.139 -- 00:01:14.782 This activity, along with our disciplined cost control over overheads 00:01:14.782 -- 00:01:19.906 and financing, and the positive contribution from the Assura merger, 00:01:19.906 -- 00:01:26.408 has supported another period of strong earnings growth of plus 9%. 00:01:26.873 -- 00:01:32.077 Following the merger, we've retained a key focus on our strategic 00:01:32.077 -- 00:01:37.180 priorities of integration, delivering synergies, bringing our 00:01:37.180 -- 00:01:42.464 le...