$85m property revaluation gain anticipated for 2H FY22

NorthWest Healthcare Properties Management Limited (the Manager) has announced that Vital Healthcare Property Trust (Vital), for which it is the manager, is expecting a property revaluation gain of ~$85m for the six months ended 30 June 2022.

This preliminary draft revaluation gain of 3% since 31 December 2021 is in addition to the $153.2m recorded for the six months ended 31 December 2021, equating to a full year gain of ~$238m, a gain of ~9% since 30 June 2021.

The revaluation gain is subject to audit and will be confirmed when Vital's full year results are released on 11 August 2022.