Vital's unique defensive qualities support high gearing: manager

By Jenny Ruth | Thu, 31 Oct 2019


Vital Healthcare Property Trust's gearing will rise to about 42 percent as a result of its debt-funded development projects but its manager says that isn't high for a vehicle of its type. Vital's current gearing, or debt to total assets, fell to 35.3 percent after the manager, which is owned by Canada-based NorthWest Healthcare Properties Real Estate Investment Trust, repaid money it borrowed from Vital last year. Vital's rising gearing comes as other listed property vehicles have been raising fresh equity to reduce theirs. High share or...