Vital Healthcare investors' returns 10.4%, manager's 36%

Vital Healthcare investors' returns 10.4%, manager's 36%
Vital's manager Aaron Hockly sees rental income rising. (Photo: supplied)
Jenny Ruth
Vital Healthcare Property Trust's manager said net profit rose more than threefold, thanks to the rising value of its properties.Underlying profit was still strong, with adjusted funds from operations, a key metric for investors, rising 10.4% to 11.54 cents per unit and the manager is forecasting current year earnings will be at least 11.8cpu.However, the fees paid to the manager, which is owned by Canada-based NorthWest Healthcare Properties Real Estate Investment Trust, jumped 35.9% to $25.4 million, largely because NorthWest's incent...

More Property

Officials move on Richard Yan’s castle
Property

Officials move on Richard Yan’s castle

Richard Yan's extensive heritage property is being sold following his bankruptcy.

Tom Raynel 26 Jul 2024
Action against Hawkins directors stalled
Property

Action against Hawkins directors stalled

Proceedings by the failed group's liquidators relate to a leaky building claim.

Maria Slade 24 Jul 2024
Arvida buyout lifts retirement sector
Property

Arvida buyout lifts retirement sector

On Tuesday, Arvida traded volumes of $127 million. Its competitors followed suit.

Gregor Thompson 24 Jul 2024
The change of heart behind Arvida’s US private equity buyout
Property

The change of heart behind Arvida’s US private equity buyout

The company’s share price rose 55% after the announcement.

Gregor Thompson 23 Jul 2024