Vital Healthcare lifts annual earnings 54%, looks for further acquisitions

Wed, 09 Aug 2017

By Sophie Boot Aug. 10 (BusinessDesk) - Vital Healthcare Property Trust, the listed hospital owner and developer, increased annual earnings 54 percent as it saw rental income grow in a year when it made seven major acquisitions, with its outlook strong for 2018. Distributable earnings, the preferred measure for property investors because it strips out unrealised movements in the value of property, rose to $61.8 million in the 12 months ended June 30, from $40.2 million a year earlier, trust manager Vital Healthcare Management said in a st...

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