Vital Healthcare 1H earnings drop 21% on bigger tax bill

Wed, 25 Feb 2015

By Paul McBeth Feb. 26 (BusinessDesk) - Vital Healthcare Property Trust, the country's biggest listed healthcare property investor, reported a 21 percent drop in first-half earnings as it faced a bigger tax bill relating to a lease transaction, having benefited from a tax credit a year earlier. Distributable income, the property investor's preferred measure of earnings which strips out fair value adjustments, fell to $16.3 million in the six months ended Dec. 31 from $20.6 million a year earlier, the unit trust's manager, Vital Healthcare...

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