Vital Healthcare holds steady against interest-rate headwinds

Fund manager Aaron Hockly says the company has several strategies to return to growth. (Image: Vital Health)

Thu, 15 Feb 2024

Vital Healthcare Property Trust has kept its earnings relatively stable in the face of interest-rate increases with the strategic divestment of assets. The company posted a net loss of $113 million for the six months to Dec 31, 2023, compared with a loss of $30.1m for the same period the year before. The investor report attributes this primarily to property revaluations. Profits and losses Vital’s pre-tax and other income operating profit was $37.5m, up 4.4%, on a net property income (NPI) of $73.4m, up 0.5%. NPI on a...

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