Vital Healthcare lifts annual earnings 4.6%, beating expectations; sees increased payout in 2016

Tue, 11 Aug 2015

By Paul McBeth Aug. 12 (BusinessDesk) - Vital Healthcare Property Trust, the listed hospital owner and developer, increased annual earnings 4.6 percent, beating estimates, as it generated increased rents from an expanding Australian business, while flagging a bigger return for investors in 2016. Distributable earnings, the preferred measure for property investors because it strips out unrealised movements in the value of property, rose to $36.4 million, or 10.6 cents per unit, in the 12 months ended June 30, from $34.7 million, or 10.4 ce...

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