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With the Bank of England cutting rates, savers are likely to get weaker returns on their cash than they did before. But there’s a FTSE 250 stock that I think looks interesting right now.
The stock is Assura (LSE:AGR) – a real estate investment trust (REIT) that leases a portfolio of healthcare buildings. Its rent is 81% government-funded and there’s a 9% dividend on offer.
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Reliable income
Assura owns 625 properties, including GP surgeries, primary care hubs, and outpatient clinics. Over 99% of the portfolio is currently occupied and the average lease has over 10 years remaining.
With the vast…
