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)

Fri, 12 Aug 2022

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...

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