Vital Healthcare Property Trust has reported consistent distributions of 9.75 cents per unit for the 2025 financial year, as per guidance.
The distributions were funded from adjusted funds from operations of 10.41c.
The company's occupancy rate increased to 98.6%, up from 98%, due to new and renewal leasing successes.
Vital's pre-tax operating earnings were up 4.8% to $77.4 million, driven by strong rental growth and additional income from completed developments.
However, net tangible assets per unit were $2.47, down from $2.69, due to unrealised property valuation changes and a weaker Australian dollar exchange rate.
The company's next debt maturity is not until March 2027.
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