MedicX Fund : MXF

Results for year ended 30 September 2013 show total shareholder return of 13.1%. Quarterly dividends running at 1.425p per quarter, equivalent to a yield of 7.1%. c70% of dividend covered by underlying earnings, NAV fell from 63.7p to 63.1p per share.

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MedicX Fund : MXF – interim results

MedicX Fund has published its interim results covering the six months ended 31 March 2014. Over the period its net asset value, calculated with debt at fair value, fell from 69.4p to 68.6p. The quarterly dividend is now running at 1.45p per share, implying a full year dividend of 5.8p – marginally up from 5.7p […]

New shares in Primary Health tradeable following MedicX merger

New shares in Primary Health tradeable following MedicX merger – following on from the announcement on 14 March 2019 by MedicX Fund Limited and Primary Health Properties (PHP) that their merger had become unconditional in all respects, PHP announced that dealings in the new shares became effective at 8.00 a.m. today (March 15, 2019). The […]

Primary Health and MedicX to merge

Primary Health and MedicX to merge – The boards of Primary Healthcare Properties (PHP) and MedicX Fund have reached agreement on the terms of a recommended all-share merger between MedicX and PHP, which is intended to be structured as PHP acquiring the entire issued and to be issued share capital of MedicX. Under the terms of […]

MedicX is making progress and achieving notable milestones

MedicX Fund (MXF) has announced its final results for the year ended 30 September 2018. The company describes it as, “Another year of strong performance, reflecting progress and achieving notable milestones”. Financial highlights The announcement highlights the following from the financial results: 11.4% increase in EPRA earnings per Ordinary Share, from 3.5p per share to […]

MedicX buying twelve primary care centres

MedicX buying twelve primary care centres – MedicX Fund has today completed the off-market acquisition of a portfolio of 12 operational and fully let primary care medical centres for a price of GBP63.8 million, adding 8.9% to the portfolio. The acquired portfolio has a gross rent roll of approximately GBP3.0 million per annum and a weighted average […]

MedicX reports on positive performance

MedicX reports on positive performance – MedicX Fund (MXF), the specialist primary care infrastructure investor in modern, purpose-built, primary healthcare properties in the United Kingdom and Republic of Ireland, announced its results for the six month period to 31 March 2018. The company became a REIT on 1 October 2017. The company reported a 8.0% total […]

MedicX acquires a new primary healthcare medical centre in Peterborough

MedicX acquires a new primary healthcare medical centre in Peterborough MedicX (MXF) has contracted to acquire a new primary healthcare medical centre in Peterborough. The property is due to be completed in April 2019. The completed development will be let to the GPs of the Nightingale Medical Practice in Peterborough. All leases will be for […]

MedicX invests in Kilkenny

MedicX invests in Kilkenny – MedicX has announced its fifth acquisition in Ireland. The new member of the portfolio, Ayrfield Medical Park in Kilkenny, is a standing investment and has been purchased by way of a sale and leaseback to the doctors who developed the centre in 2011. In addition to the large GP practice, the […]

MedicX dividend cover has some way to go

MedicX dividend cover has some way to go – MedicX reports a 12.7% total return on EPRA NAV for the year ended 30 September 2017 as the EPRA NAV rose to 76.5p from 73.2p and EPRA earnings per share rose by 2.9% to 3.5p. The dividend of 6p, up from 5.95p was paid in four equal […]

MedicX invests in South Wales

MedicX invests in South Wales – MedicX Fund has contracted to acquire, by way of forward funding, a new primary healthcare medical centre near Glynneath in the Vale of Neath, South Wales. The property is due to be completed in September 2018. The acquisition is being made under the framework agreement which provides MedicX Fund […]

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MedicX Fund : MXF

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