Vital expects ~$140m property revaluation gain for 1H FY22

Thu, 16 Dec 2021

Vital Healthcare Property Trust, managed by NorthWest Healthcare Properties Management Limited (the Manager), is expecting a property revaluation gain of approximately $140m for the six months ending 31 December 2021.

This gain is equivalent to a 5.3% increase since 30 June 2021 and will reduce pro-forma loan-to-value ratio (LVR) by 1.6%.

The preliminary draft revaluation gain is subject to finalisation and audit and could be revised up or down, with final audited valuations to be confirmed when Vital's half year results are released on 24 February 2022.

FY22 market guidance remains at least 11.80 cpu in AFFO (2% above FY21) and 9.5 cpu in unitholder distributions (7% above FY21).