Revaluations continue to impact Vital Healthcare

Revaluations continue to impact Vital Healthcare. (Image: BusinessDesk)

Thu, 08 Aug 2024

Economic conditions are impacting the New Zealand Exchange-listed Vital Healthcare Property Trust as it continues to look for a capital partner and more supportive investment conditions.Vital's loss for the year ended June 30 2024, was $101.5 million, an improvement from the $172.7m loss the year prior.Property revaluations, which saw the portfolio revalued downwards by $165.2m, were a large contributor to the loss. This followed a $208.5m revaluation loss in 2023.Fund manager Aaron Hockly said that the fund was performing well despite reva...

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