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Primary Health Properties plc JSE: PHP

R21 ▼ -0.5 (-2.33%) Prices delayed 15 min · Last updated: 2026-07-21 17:05:00

Open

20.70

Prev close

Day range

20.57 - 21

Volume

15 630

52-wk range

20.07 – 21.50

Market cap

54.50bn

P/E Ratio

14.38

EPS (ZARc)

146.07

Dividend Yield

7.86%

DPS (ZARc)

165 (GBP)

Price performance

Intraday — 7D — 1M — 3M — 6M — 1Y — 3Y — 5Y — YTD —

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Analyst consensus

Key statistics

Market cap54.50bn

EPS146.07

P/E ratio14.38

Div. yield7.86%

DPS 165 (GBP)

Issued shares2.60bn

52-week range

R 20.07 R 21.50

R21

Price overview

Open20.70

Previous close21

Day range20.57 - 21

Volume15 630

52-week range20.07 – 21.50

Change▼ -0.5 (-2.33%)

P/E ratio14.38

EPS146.07

Dividend 165 (GBP)

Dividend yield7.86%

Important dates

Jun 2025 Interim

Released 24 Jul 2025
Dec 2025

Prev Year End
Dec 2025 Final

Released 17 Mar 2026
Jun 2026

Half Year
22 Jul 2026

Today
Jun 2026 Interim

Unconfirmed for 24 Jul
Dec 2026

Next Year End
Dec 2026 Final

Unconfirmed for 17 Mar
29 Apr 2027

AGM Unconfirmed
Jun 2027

Half Year

Financial results

GBP million	Dec 25	Dec 24
Turnover	259	181.70
Attributable Income	119	41.40
Market Cap (ZARm)	56 337.50	29 376.30
EPS (ZARc)	155.50	72.57
HEPS (Cont Ops)(ZARc)	146.07	152.17
DPS (ZARc)	165.04	162.70

Latest SENS announcements

PHP - debt refinancing

2026-07-01 08:04:59

Primary Health Properties announced the successful refinancing of existing debt facilities with a new term loan and revolving credit facility ('RCF') totalling GBP800 million.
PHP - statement regarding press speculation

2026-06-24 09:08:56

The Board of Primary Health Properties plc noted the recent press speculation regarding the potential formation of a joint venture in connection with PHP's private hospital portfolio. As previously announced, PHP has been exploring a range of strategic options to enhance the long- term value of the private hospital portfolio, including potential joint venture arrangements with highly credible investors. PHP confirmed that it is in advanced discussions with an investor regarding the potential contribution of the private hospital portfolio to seed a new joint venture. Discussions remain ongoing, will be subject to all necessary approvals and there can be no certainty that any transaction will be agreed, nor as to the terms on which any transaction might be concluded.
PHP - interim dividend update for SA shareholders

2026-06-10 08:12:13

The third quarterly interim dividend in 2026 of GBP1.825 pence per ordinary share of a nominal value of GBP12.5 pence each will be paid as GBP0.725 pence by way of a Property Income Distribution and the remainder as an ordinary dividend of GBP1.100 pence on Friday, 14 August 2026 to shareholders on the register on 3 July 2026 ('Record Date'). The Company also confirms that shareholders on the UK share register ('UK Shareholders') may participate in a dividend reinvestment plan ('DRIP') in respect of the current interim dividend. The DRIP provided UK Shareholders with the opportunity to reinvest dividend payments to purchase additional ordinary shares in PHP in the market. The DRIP is currently not available to shareholders on the South African ('SA') share register ('SA Shareholders'). SA Shareholders will receive the third quarterly interim dividend in cash. Exchange Rate and Tax Implications The Dividend will be paid in British pound sterling ('GBP') to UK Shareholders and South African Rand ('ZAR') to SA shareholders. SA Shareholders are advised that the currency exchange rate applicable to the Dividend payable in ZAR will be ZAR22.0265 to GBP1.00 ('Exchange Rate'), resulting in a gross local dividend amount of ZAR40.19836 cents per share. The Exchange Rate was fixed by the Company on 8 June 2026 and the date on which the GBP payment will be converted to ZAR will be 3 July 2026. The Dividend should be regarded as a 'foreign dividend' for South African income tax and dividends tax purposes and the funds will be paid from the United Kingdom.
PHP - interim dividend notice

2026-06-10 08:06:26

The third quarterly interim dividend in 2026 of GBP1.825 pence per ordinary share of a nominal value of GBP12.5 pence each will be paid as GBP0.725 pence by way of a Property Income Distribution and the remainder as an ordinary dividend of GBP1.100 pence on Friday, 14 August 2026 to shareholders on the register on 3 July 2026. The Company also confirmed that shareholders may participate in a dividend reinvestment plan ('DRIP') in respect of the current interim dividend. The DRIP provides shareholders with the opportunity to reinvest dividend payments to purchase additional ordinary shares in PHP in the market.
Primary Health Properties plc - Director/PDMR Shar

2026-06-01 08:00:00

A director has dealt in shares of the company.

Peer comparison

Company	Price (ZAR)	Change	Market cap
SHBCAP (SHC)	R 30.40	-2%	—
GROWPNT (GRT)	R 17.28	-0.58%	—
PHP (PHP)	R 21.00	-2.33%	—
REDEFINE (RDF)	R 6.38	+0.16%	—
HAMMERSON (HMN)	R 80.57	-1.62%	—

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Primary Health Properties plc Today's Verdict

Today's verdict: Primary Health Properties plc sits in a steady position today, with charts and historical graph signals pointing to measured growth rather than a sharp swing, while the price forecast remains constructive but restrained. The price today in rands is R21.5 per share, and the data suggests investors may weigh dividend strength, buy or sell timing, preference shares, payout stability, and the cost of entry before deciding how to buy for sale exposure through a JSE trading account online. The share code, live data, and graph context support a practical view for trading, not a stretched prediction.

Primary Health Properties plc Live Share Data

Label	Value
Data as of	2026-07-20 17:05:00
Share Name & Ticker	Primary Health Properties plc (PHP)
Exchange	JSE (Johannesburg Stock Exchange)
Sector & Industry	Real Estate / Healthcare Property
Current Price	R21.5
Market Capitalization	55.80bn
P/E Ratio	14.72
Dividend Yield	7.68
Trading Volume (Live Data)	N/A
Recent Price Change	0

Primary Health Properties plc Key Highlights

Label	Value
Current Price	R21.5, unchanged from the previous close
Market Cap	55.80bn, indicating large market presence
P/E Ratio	14.72, suggesting fair valuation
Dividend Yield	7.68, attractive for income-focused investors
Volatility	Low, given the flat recent price change

Primary Health Properties plc Limited Forecast Insights

Bullish to neutral in the near term, provided the share holds around R21.5 and dividend support remains intact. A stable P/E of 14.72 and 7.68 yield suggest the market is pricing income visibility efficiently. Without a material volume surge, momentum looks controlled rather than extended.

FAQ on Primary Health Properties plc Shares

Q1: What are Primary Health Properties plc shares?
Answer: Primary Health Properties plc shares are listed equity in PHP on the JSE. Today, they trade at R21.5 per share with a market cap of 55.80bn, a P/E ratio of 14.72, and a dividend yield of 7.68, reflecting a sizeable income-oriented real estate name.

Q2: How can I buy Primary Health Properties plc shares?
Answer: To buy PHP shares, use a JSE-enabled trading account, search the ticker PHP, and place a purchase order at the current price per share of R21.5 or set a limit. The listed data shows a large-cap share with an established dividend profile.

Q3: What affects the price of Primary Health Properties plc shares?
Answer: PHP’s price is shaped by valuation, income demand, and market sentiment in real estate. With a P/E of 14.72, a 7.68 dividend yield, and no recent price change, the current R21.5 level suggests limited short-term pressure from the available live data.

Q4: Does Primary Health Properties plc pay dividends?
Answer: Yes, the live data shows a dividend yield of 7.68 for PHP. That makes the share relevant for investors seeking income. At R21.5 per share and a 55.80bn market cap, the dividend remains a central part of the investment case today.

Q5: How can I track my Primary Health Properties plc shares and dividends?
Answer: You can track PHP shares and dividends through your trading account dashboard on the JSE platform or broker app. Monitor the ticker PHP, the current price of R21.5, the 7.68 dividend yield, and any changes in volume or price movement.

Q6: What factors are affecting the Primary Health Properties plc share price?
Answer: The main visible factors are its fair-value P/E of 14.72, strong dividend yield of 7.68, and the flat recent change of 0. Those data points indicate that PHP’s R21.5 price is being anchored by income expectations rather than sharp trading flows.

Q7: Is Primary Health Properties plc a good share to buy?
Answer: Based on the live data, PHP may suit income-focused investors more than short-term momentum traders. The current price of R21.5, market capitalization of 55.80bn, P/E of 14.72, and dividend yield of 7.68 all support a measured buy case.

Q8: Is it advisable to buy Primary Health Properties plc shares today?
Answer: Today, PHP looks reasonable for investors who want dividend exposure and steady pricing. The share is unchanged at R21.5, with a 7.68 yield and 14.72 P/E. That said, purchase decisions should still match your trading plan and risk tolerance.

Q9: How much does one Primary Health Properties plc share cost?
Answer: One Primary Health Properties plc share costs R21.5 according to the live JSE data. That price per share is unchanged from the previous close, and the figure sits alongside a 55.80bn market cap and a dividend yield of 7.68.

Q10: How to sell Primary Health Properties plc shares?
Answer: To sell PHP shares, log into your trading account, select the PHP share code, and place a sell order at or near the current R21.5 level. The unchanged price, 14.72 P/E, and dividend yield of 7.68 help frame the timing.

How to Buy Primary Health Properties plc Shares Step by Step

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Primary Health Properties plc Actionable Financial Advice

Given Primary Health Properties plc's current performance, investors should HOLD the shares if prices move ABOVE R21.5 or BUY on dips below that level. Monitor macroeconomic developments and sector conditions to refine your strategy.

Background of Primary Health Properties

Primary Health Properties plc was incorporated in England and Wales on 16 March 1995 as Richadvance PLC. It adopted its present name on 21 July 1995, joined AIM during 1996, and transferred to the London Stock Exchange Main Market on 5 November 1998.

PHP converted into a UK REIT group on 1 January 2007. Its ordinary shares began secondary trading on the Johannesburg Stock Exchange Main Board on 24 October 2023 under the code PHP.

PHP owns healthcare property in the United Kingdom and Ireland. Tenants comprise general practices, NHS bodies, Irish Health Service Executive services, pharmacies, dental practices, and private hospitals.

PHP obtained control of Assura on 12 August 2025. It completed the acquisition on 20 October 2025 after acquiring Assura’s remaining shares.

The enlarged group had 1,142 healthcare properties in total on 31 December 2025. The portfolio valuation with PHP’s share of joint ventures was £6.0 billion.

Annualised contracted rent was £342 million, and occupancy was 99%. Government bodies directly or indirectly funded 76% of the rent roll, while the weighted average unexpired lease term was 10.8 years.

Primary Health Properties Shares Growth Driver

PHP's 31 December 2025 figures contain four and a half months of Assura’s contribution after PHP took control. Net rental income rose to £230 million from £154 million in 2024.

The adjusted earnings number improved more than the earnings per share number. Adjusted profits were £131m with adjusted EPS increasing to 7.3p from 7.0p. IFRS profit after tax was £119 million, compared with £41 million.

The portfolio valuation rose from £2.8 billion to £6.0 billion during 2025. Annualised contracted rent increased from £154 million to £342 million. Rent reviews and property work generated £9.1 million of extra annual rent during the year. Rental growth was 3.2%.

PHP’s 29 April 2026 update recorded £3 million of extra annual rent from 199 rent reviews during the first quarter. That reflected a 6% rise on the £54 million previous rent covered by those reviews and annualised rental growth of 3.4%. The annualised contracted rent roll had reached £345 million.

Primary Health Properties Group Investor Tip

PHP ordinary shares have a nominal value of 12.5 pence. Shares trade under PHP on the London Stock Exchange and the Johannesburg Stock Exchange.

2025 ended with a significantly higher payout for shareholders than the previous year. The total was 7.1 pence per share, up from 6.9 pence in 2024 and adjusted profits gave 1.12 times cover.

PHP did not alter its first or second quarterly distributions during 2026. Each payment remained 1.825 pence per share, following the same property income and ordinary dividend allocation.

PHP’s 1.825 pence per share payment is due on 14 August 2026, but only to shareholders who qualified before the 2 July 2026 ex-dividend date. PHP breaks that into 0.725 pence property income and 1.100 pence ordinary dividend.

PHP started July 2026 with a new source of funding.

The new funding package gave PHP £800 million in unsecured loan and revolving credit capacity. The group drew £500 million upfront, while the last reported balance sheet showed £3.392 billion of net debt and 57% loan-to-value.