Vital announces HY22 results

NorthWest Healthcare Properties Management Limited (NorthWest) today announced that the Manager of Vital Healthcare Property Trust (Vital), has released Vital’s results for the 6-months ended 31 December 2021 (HY22), with Board of NorthWest upgrading FY22 AFFO guidance to at least 11.90 cents per unit (cpu), 3.2% above FY21, and distribution guidance to 9.75 cpu (annualised), 8.5% above FY21.

Key achievements over HY22 include 6.9% increase in net property income, 13.9% increase in adjusted funds from operations (AFFO), 8.6% increase in distributions paid / payable and 8.0% increase in net tangible assets (NTA)per unit.

Vital completed two acquisitions and sold one property over HY22, and has a committed and potential development pipeline of over $1 billion.