Vital investors get 8.5% raise, manager gets 31.5%

Vital investors get 8.5% raise, manager gets 31.5%
Ormiston Hospital in Flat Bush, Auckland, is one of the assets owned by Vital. (Image: NorthWest Healthcare)
Jenny Ruth
Vital Healthcare Property Trust’s investors are probably very pleased with the performance of the last year, and the 8.5% increase in their distributions.And the manager, which is owned by Canada-based NorthWest Healthcare Properties Real Estate Investment Trust, is guiding to an annual per-unit distribution of 9.75 cents for the current year, up from the 9.62c paid out in the year ended June – the latter bettered the company’s guidance in October of at least 9.5c.NorthWest is targeting between 2% and 3% annual growth in both...

More Infrastructure

Port of Tauranga ‘reluctantly’ doubles MetroPort rail fees
Primary Sector

Port of Tauranga ‘reluctantly’ doubles MetroPort rail fees

The port says it's working with KiwiRail on 'long-term arrangements'. 

‘Bluewater backbone’: Lyttelton, Auckland ports plan $1b+ of upgrades
Policy

‘Bluewater backbone’: Lyttelton, Auckland ports plan $1b+ of upgrades

Two of the biggest NZ ports are raising prices as they plan major investments.

Oliver Lewis 02 Jul 2025
Cost of Ōtaki to north of Levin highway nears $2b
Infrastructure

Cost of Ōtaki to north of Levin highway nears $2b

In 2020, the lower North Island expressway was costed at just $817m.

Oliver Lewis 01 Jul 2025
The keys to unlocking Northport's land value
Infrastructure

The keys to unlocking Northport's land value

MMH's land is valued at five times less than its next-door neighbour, Channel.

Ian Llewellyn 30 Jun 2025