FNZC says Vital Healthcare's annual base fees will fall about $1.5m

Mon, 01 Apr 2019

By Jenny Ruth April 2 (BusinessDesk) - FNZC says the new fee structure for managing Vital Healthcare Property Trust will result in about a 3.5 percent uplift in annual per-share earnings. “In our view, the base management fee and governance changes represent incremental positives for unitholders and more closely align Vital’s fees with other externally-managed New Zealand listed property vehicles while also improving acquisition economics,” FNZC analyst Owen Batchelor says. Yesterday, Vital’s manager, owned by Canada-based NorthWest He...

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