Vital Healthcare lifts 2018 earnings as expansion continues

Wed, 08 Aug 2018

By Sophie Boot Aug. 9 (BusinessDesk) - Vital Healthcare Property Trust saw adjusted earnings grow in 2018 as it continued to invest and expand throughout New Zealand and Australia. The listed hospital owner and developer's adjusted funds from operations - the preferred measure of listed property investors - rose 4.5 percent to $49.5 million in the year ended June 30. The figures are adjusted for a one-off $13.8 million benefit in 2017 from a lease termination receipt. The hospital investor has been expanding and diversifying its portfo...

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