Vital Healthcare sees limited covid-19 impact

Thu, 09 Apr 2020

Vital Healthcare Property Trust's manager said it expects a limited impact on earnings from the covid-19 crisis and noted 82 percent of its revenue comes from private hospitals.The portfolio has a 17.9-year weighted average lease term and less than 1 percent of leases by income expire in the next year.However, all development projects in NZ have been halted. Projects in Australia continue at reduced efficiency levels because of covid-19-related protocols.Vital's debt facilities have been increased by $107 million and near-term expiries extended...

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Politics

Govt reshuffle: Lee demoted, Simmonds loses portfolio

Melissa Lee has been stripped of her media and communications portfolio and dropped from the cabinet, prime minister Christopher Luxon announced today.He has given Paul Goldsmith the portfolio after Lee was widely criticised over her public handling of the numerous issues facing...

Staff reporters 1:20pm

Economy