Vital Healthcare lifts profit 7.8% on revaluation gains, chases ageing Australasian populations

Wed, 13 Aug 2014

By Suze Metherell Aug. 14 (BusinessDesk) - Vital Healthcare Property Trust, New Zealand’s largest listed medical and healthcare property investor, said annual profit rose 7.8 percent as it recognised a $4.9 million revaluation gain in its portfolio. Profit rose to $37.4 million in the year ended June 30, from $34.7 million the year earlier, the Auckland-based company said in a statement. Net distributable income, the earnings measure it uses for distributions to unitholders, increased 23 percent to $34.7 million, or 10.4 cents per share. ...

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