MedicX Fund (MXF)

Business description

MedicX Fund is a specialist REIT, listed on the premium segment of the LSE, investing in primary healthcare infrastructure in the UK and the Republic of Ireland.

Growing secure cash flow

Update | Property | 17/12/2014

The 7.2% prospective yield on MedicX shares is supported by secure cash flows on a broad portfolio of modern primary care properties, on long leases, with quasi government backing. Debt is currently fixed at c 4.5% with similarly long duration. FY14 saw new equity of £48m invested, and more; we forecast further asset growth in FY15 and beyond, with some modest re-gearing from a low c 50%. Growth prospects for the primary care sector are strong and, despite some yield compression, the spread over funding costs remains attractive.

Tagged: Real estate

Edison's research is freely available. We will never ask for your credit card details and you do not need to register. By downloading this research you are agreeing to our terms and conditions, which you can read in full here.

Stock data

Market cap.£353.4m
Last close82.400p
High / Low (52 weeks)92.2p / 78.2p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A

Price performance

Relative *0.61.8(6)

* % Relative to local index

Company news

MedicX Fund

Wed, 26 Jul 2017 13:41:15 GMT

MedicX Fund

Tue, 20 Oct 2015 10:41:15 GMT

MedicX Fund

Mon, 20 Jun 2016 11:48:45 GMT

MedicX Fund

Fri, 04 Jul 2014 12:27:38 GMT

MedicX Fund

Mon, 08 Feb 2016 16:07:30 GMT