Vital Healthcare posts 21% gain in full-year profit on rental growth, revaluation

Vital Healthcare posts 21% gain in full-year profit on rental growth, revaluation
Jonathan Underhill
By Jonathan Underhill Aug. 11 (BusinessDesk) - Vital Healthcare Property Trust, which raised $160 million last month to help fund its growth strategy, reported a 21 percent gain in full-year profit as rental income rose and it recognised a gain in the value of its portfolio. Profit rose to $117 million in the year ended June 30, from $96.5 million a year earlier, the Auckland-based hospital and healthcare property developer and investor said in a statement. Net property income rose to $68 million from $59 million and the trust recognised...