Stand by: earnings season good news might not last

Vital Healthcare Property Trust announced a healthy 18% lift in net property income for the 2023 financial year. (Image: Vital)

Warren Couillault

Sat, 02 Sep 2023

And that’s a wrap! One of the busiest earnings reporting seasons for New Zealand’s listed companies, which kicked off on Aug 10, was all but done and dusted by the end of this week.First out the gate was Vital Healthcare Property Trust. Vital, a specialist owner of healthcare property, announced a seemingly healthy 18% lift in net property income for the 2023 financial year, 99% occupancy in its properties, a weighted average lease term of 17 years, $255 million of divestments and one and a half tonnes of CO2e of greenhou...

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