Northwest Healthcare Properties Management, the manager of Vital Healthcare Property Trust, has reported adjusted funds from operations of 10.9 cents per unit for the 12 months ended June 30, 2024.
The company's distributions remained consistent with guidance at 9.75 CPU, with a payout ratio of 89.4%.
Vital's fund manager, Aaron Hockly, highlighted the completion of five developments worth $197 million and the sale of $251.3m of non-core assets.
Hockly said the remaining committed development spend of approximately $138m was fully funded, and $180m of asset sales were in due diligence.
In addition, Vital was recognised as the sector leader for environmental, social, and governance in healthcare for listed entities globally.
The company's FY25 distribution guidance of 9.75 CPU remains unchanged.
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