Vital Healthcare first-half earnings slip 2.7% on bigger management fee

Mon, 26 Feb 2018

By Paul McBeth Feb. 27 (BusinessDesk) - Vital Healthcare Property Trust reported a 2.7 percent decline in first-half earnings as the listed hospital owner and developer's expanding assets generated a bigger management fee. Adjusted funds from operations, the new preferred measure of listed property investors, fell to $23.4 million in the six months ended Dec. 31 from $24 million a year earlier, Vital's manager said in a statement. That was weighed down by a 66 percent jump in the manager's incentive fee to $5.8 million and a 49 percent i...

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