Vital has solid 2014 result
Vital Healthcare Property Trust today announced a 2014 full year net profit after tax of $37.4m (+7.8%). Vital also
confirmed it will pay investors a full year cash distribution per unit of 7.9 cents for the year and increased its 2015
cash distribution guidance to 8.0 cents per unit.
To read the full release click here.
Financial and performance highlights
• Gross rental income of $59.4m
• Operating profit before interest and tax of $50.0m
• 23.1% increase in net distributable income to $34.7m
• Successful 1%2Dfor%2D10 pro rata renounceable rights issue
• New 30 year lease with Ascot Hospital %26 Clinics Ltd at Ascot Hospital in Auckland
•
PORTFOLIO REVALUATION GAIN
$15.2m
2.5% increase driven by proactive asset management
GEARING
31.4%
Strong capital position providing flexibility for future growth
WEIGHTED AVERAGE LEASE TERM TO EXPIRY (WALT)
15.1 years
~3.0x longer than the New Zealand listed property sector average
BROWNFIELD PROJECTS
A$28.0m
Creating capacity through value add redevelopments
PORTFOLIO DIVERSIFICATION %2D THE MARIAN CENTRE
A$13.5m
First Western Australia acquisition providing catalyst for further growth
Financial statements for period end 30 June 2014
To read our financial statements click here.
Annual results presentation
To read our annual results presentation click here.
ends