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

Wed, 10 Aug 2016

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...

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