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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.

On track for 2012 growth

Update | Property | 26/01/2012

Last week’s IMS confirmed further investment, with acquisitions and new construction in Q1. The most recent portfolio valuation (end December 2011) was £246.7m, a 5.87% net initial yield and £0.9m underlying increase over the quarter. MedicX is in a strong position to pursue further growth, with £15m of cash and £30m of undrawn debt (Deutsche Postbank facility) at end Q1 and terms agreed on a new £50m 20-year facility with Aviva. There is a £86.5m pipeline of investment opportunities, £29.8m already approved. The statement confirmed the intention referred to at the results in early December, to raise new equity. The broad structure is a c £45m open offer, placing and offer for subscription. Details will be set out in a prospectus published later this month, with dealings likely to start towards the end of February.

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Stock data

Market cap.£341.1m
Last close77.000p
High / Low (52 weeks)86.4p / 76.4p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamProperty
SectorProperty

Price performance

%1m3m12m
Actual(0.3)(3.8)(9.4)
Relative *0.84.0(4.4)

* % Relative to local index

Company news

MedicX Fund

Wed, 26 Jul 2017 13:41:15 GMT

MedicX Fund

Thu, 19 Apr 2018 17:03:45 GMT

MedicX Fund

Tue, 20 Oct 2015 10:41:15 GMT

MedicX Fund

Fri, 04 Jul 2014 12:27:38 GMT

MedicX Fund

Mon, 20 Jun 2016 11:48:45 GMT