Value of Vital Healthcare's properties up 13.6% despite covid-19

Mon, 10 Aug 2020

The value of Vital Healthcare Property Trust's properties rose 13.6 percent in the latest year, despite the coronavirus pandemic. However, the $45.7 million gain in value was less than half last year's $103.6 million gain so Vital's bottom line net profit for the year ended June fell 38 percent to $58.1 million. "Vital's defensive characteristics include its market-leading 18.1 year weighted average lease term, high levels of government support for healthcare operators and healthcare spending being primarily non-discretionary or high prio...

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