Vital Healthcare first-half net profit rose 85.9%

Thu, 24 Feb 2022

Vital Healthcare Property Trust's manager said first-half net profit rose 85.9% as the value of its properties jumped and it upgraded its dividend guidance.Net profit for the six months ended December rose to $170.2 million from $91.6m in the same six months a year earlier.The value of Vital's properties rose by $153.2m, compared with a $60.9m gain in the previous first half.The manager, which is owned by Canada-based NorthWest Healthcare Properties Real Estate Investment Trust, said its guidance for adjusted funds from operations (affo...

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