Vital Healthcare portfolio value rises 5.9%

Tue, 09 Jul 2019

By Margreet Dietz July 10 (BusinessDesk) - Vital Healthcare Property Trust said the value of its portfolio increased by 5.9 percent, or $102.4 million, for the year ended June 30, reflecting two recently completed projects in Australia. Draft independent valuations for Vital’s entire portfolio indicate a revaluation gain of $60 million for the six months ended June 30, the company said in a statement. The six-month revaluation gain is expected to increase Vital’s net tangible assets by about 13 cents per unit, the company said. The po...

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