Vital Healthcare posts 21 percent rise in profit, expects similar distributions in 2014

Thu, 22 Aug 2013

By Tina Morrison Aug. 22 (BusinessDesk) – Vital Healthcare Property Trust, New Zealand’s largest listed medical and healthcare property investor, posted a 21 percent increase in profit before one-time items as it benefited from increased rents on the back of new developments and acquisitions. Net distributable income, the earnings measure it uses for distributions to unitholders, rose to $28.2 million in the year ended June 30, from $23.3 million the year earlier, the Auckland-based company said in a statement. Revenue increased 21 percent to...

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