Impact Healthcare REIT, a real estate investment trust comprising UK healthcare real estate assets, with a focus on care homes, has reported 2023 pre-tax-profit of £48.8 million, a 188.8% increase on £16.9 million reported for 2022.

The REIT’s contracted annual rent roll was £48.8 million for the year, up 13.1% from £43.1 million reported for 2022.

Simon Laffin, chair, of Impact Healthcare REIT; said: “Our aim is to work with our tenants to provide quality, affordable and sustainable care homes. The country needs a thriving and growing care home sector. The private sector can play an even more significant role in providing care for elderly people and helping the NHS, deploying capital and resources to enhance and grow affordable care home provision. By offering more step-down, nursing and residential care for elderly people, the sector has the medium-term potential to take tens of thousands of patients out of hospital beds: freeing up NHS resources and reducing costs.

“As the economy recovers from 2023’s high inflation and interest rate rises, and as government begins to recognise the larger role that this sector can play in the health infrastructure, we believe that there will be opportunities for Impact. We are well positioned to play a larger role in helping both residents and the NHS, whilst delivering long-term sustainable returns to shareholders.”