Vital Healthcare Property Trust is expecting to record a property revaluation loss of approximately NZ$160 million for the six months ending 30 June 2023.
This is a 4.6% decrease since 31 December 2022, driven by a softening in the weighted average capitalisation rate of the portfolio.
The indicative weighted average capitalisation rate is expected to be 5.06% at 30 June 2023.
The revaluation loss is subject to audit and will be confirmed when Vital's interim results are released in August 2023.
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