Warrington based health care real estate investment trust (REIT) Assura delivered accelerated investment, an improved balance sheet and a strong financial performance, it said today.

Reporting on its year to March 31, the business showed a 28.8% increase in investment property to £1.733bn, and a 22.3% rent roll rise to £91m.

Net rental income rose 18.1% to £80.2m, although pre-tax profits fell 24.6% to £71.8m, reflecting the net impact of the £56.4m early repayment costs payable to Aviva.

The firm repaid £211m of debt to Aviva in January.

More