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

Vital's manager Aaron Hockly sees rental income rising. (Photo: supplied)

Thu, 12 Aug 2021

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...

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