Vital Healthcare 1H distributable income rises 87% on rental returns from portfolio

Wed, 22 Feb 2017

By Jonathan Underhill Feb. 23 (BusinessDesk) - Vital Healthcare Property Trust, the Auckland-based hospital and healthcare property developer and investor, said its first-half net distributable income rose 87 percent as acquisitions and developments helped drive rental income growth. Distributable income rose to $35.5 million in the six months ended Dec. 31, from $19 million a year earlier, the company said in a statement. Gross rental income rose 54 percent to $51.8 million including a lease termination receipt of $13.8 million. Net prof...

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