Living REIT (LSE:LIVE) reported a 2.3% increase in net rental income to £20.2 million for the six months ended 30 June 2026, while adjusted earnings per share rose 2.2% to 3.42 pence.
The company said its performance was supported by inflation-linked rent reviews and a stabilised property portfolio.
Dividend cover for the period was 1.20 times, while Living REIT increased its annual dividend target by 3%. EPRA net tangible assets were broadly unchanged at 95.36 pence per share.
Senior Living Acquisition Adds 2,163 Homes
Following the end of the reporting period, Living REIT broadened its investment mandate and completed the acquisition of a senior living portfolio comprising 2,163 homes.
The transaction increased the group’s pro-forma gross asset value to approximately £825 million.
The company said the acquisition also reduced its exposure to individual counterparties by expanding and diversifying its portfolio.
Living REIT expects the acquired portfolio to deliver high single-digit earnings accretion. This remains a company expectation rather than an achieved financial result.
Debt Costs Average 3.16%
Living REIT reported a weighted average cost of debt of 3.16%, with its borrowings predominantly fixed-rate and long-dated.
The company also made changes to its sustainability governance during the period and reported improvements in external ESG assessments, alongside being shortlisted for several industry awards.
About Living REIT
Living REIT is a UK-listed real estate investment trust focused on residential property assets.
Its portfolio includes specialised supported housing, senior living and care homes, with rental arrangements designed to generate long-term income, including inflation-linked rents.
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