profit from every £100 of sales.
£0£100
Primary Health Properties
£0.98+0.15% today
+4.3% in 1 year
1-year low £0.891-year high £1.08
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay £21.31 for every £1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Primary Health Properties sold, what it kept, and what it did with the cash.
Sales went from £85.6 million in 2022 to £224 million in 2025, with £119 million of profit last year.
SalesProfit
Primary Health Properties handed back 80% of the cash it generated last year.
£144M
Free cash flow 2025£179M
Bought back its own shares–
Paid as dividends£144M
Cash vs. debt£20M vs. £3.3B
Primary Health Properties vs. similar companies
Primary Health Properties grows the fastest of these 5 and is the cheapest for its profits.
| Company | Profit from £100 of sales | Sales growth a year | Price per £1 of profit |
|---|---|---|---|
| Primary Health Properties | 21.3× · Fair price | ||
 Welltower | 191.4× · Very expensive | ||
 Ventas | 187.1× · Very expensive | ||
 Omega Healthcare Investors | 25.4× · Fair price | ||
 Healthpeak Properties | 203.3× · Very expensive |
AI analysis
An AI analyst reads Primary Health Properties's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of GBP | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 86 | 65 | 93 | 224 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 56 | 27 | 41 | 119 | |
| 0.02 | 0.02 | 0.03 | – | |
| – | – | – | – | |
| – | – | – | – | |
| 65.8% | 41.9% | 44.1% | 53.1% |
Balance sheet
| In millions of GBP | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 2,865 | 2,827 | 2,791 | 6,040 |
| Cash | 29 | 3 | 4 | 20 |
| Total debt | 1,303 | 1,326 | 1,340 | 3,308 |
| Total liabilities | 1,382 | 1,403 | 1,415 | 3,486 |
| 1,482 | 1,424 | 1,376 | 2,554 | |
| 1,444 | 1,450 | 1,456 | – | |
| – | – | – | – | |
| 3.8% | 1.9% | 3.0% | 4.7% |
Cash flow
| In millions of GBP | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 118 | 134 | 136 | 179 | |
| – | – | – | – | |
| 118 | 134 | 136 | 179 | |
| Dividends paid | 82 | 90 | 92 | 144 |
| – | – | – | – | |
| – | – | – | – |
Valuation
- 21.3×
- –
- –
- 0.9×
- 11.3×
- 14.2×
- –
- 7.1%
- 4.7%
- 5.7%
Profitability
- –
- –
- 53.1%
- –
- –
- –
- –
- –
- –
- –
Growth
- +37.8%
- –
- –
- –
- +0.5%
Financial health
- –
- 1.30
- –
- –
- –
- –
- –
How it ranks in Real Estate
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 36%of 663
Top 7%of 759
Top 39%of 759
5.7%of the share price, paid each year
On $1,000 invested$57a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
121.0% of its profit
Room to growStretchedMore than it earns: 80.4%
News
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Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
Not enough data
Questions about Primary Health Properties
Is Primary Health Properties a good stock to buy?
A strong, very profitable business at a fair price. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Primary Health Properties AI analysis
What does Primary Health Properties do?
Primary Health Properties PLC (PHP) is a UK Real Estate Investment Trust and leading investor in modern primary healthcare premises. We invest in flexible, modern properties for local primary healthcare. It is in REIT - Healthcare Facilities, based in London, United Kingdom, with 156 employees.
Does Primary Health Properties pay a dividend?
Yes. At today's price the dividend is 5.7% a year, about 121% of its yearly profit. In 2025 it paid out £144 million in dividends.
Is Primary Health Properties stock halal?
No. Primary Health Properties does not pass our halal screen: its debt is 131% of its market value, at or above the 33% limit. How we check
How has Primary Health Properties stock done over the past year?
Up 4.3% over the past twelve months, to £0.98. It traded between £0.89 and £1.08 and is 9.8% below its high.
Who are Primary Health Properties's competitors?
The largest listed companies in the same industry are Welltower, Ventas, Omega Healthcare Investors and Healthpeak Properties. The peers table on this page compares their profit, growth and price with Primary Health Properties's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.