$85m property revaluation gain anticipated for 2H FY22

MKTUPDTE
Tue, Jul 19 2022 08:30 am

NorthWest Healthcare Properties Management Limited (the Manager), as manager of Vital Healthcare Property Trust (Vital), expects Vital to record a property revaluation gain of ~$85m for the six months ended 30 June 2022, with ~42% of the portfolio by value independently valued. This preliminary draft revaluation gain represents a 3% increase since 31 December 2021.
This is in addition to the $153.2m recorded for the six months ended 31 December 2021; equating to a full year gain of ~$238m, a gain of ~9% since 30 June 2021.
The indicative revaluation gain referred to above is subject to audit and will be confirmed when Vital's full year results are released on 11 August 2022.

– ENDS –

ENQUIRIES

Aaron Hockly
Fund Manager, Vital Healthcare Property Trust
Tel 09 973 7301, Email [email protected]

Michael Groth
Chief Financial Officer, NorthWest Healthcare Properties Management Limited
Tel +61 409 936 104, Email [email protected]


About Vital (NZX code VHP):

Vital Healthcare Property Trust is an NZX-listed fund that invests in high-quality healthcare properties in New Zealand and Australia including private hospitals (~80% of portfolio value), out-patient facilities (~16% of portfolio value) and aged care (~4% of portfolio value).

Vital is the only specialist listed landlord of healthcare property in Australasia and currently has a portfolio valued at over $3.3 billion.

Vital is managed by NorthWest Healthcare Properties Management Limited, a subsidiary of Toronto Stock Exchange listed NorthWest Healthcare Properties REIT, a global owner and manager of healthcare property.

For more information, visit our website: www.vhpt.co.nz


Announcement PDF


Markets News

Rayonier exits NZ with $1.2b forestry sale
Primary Sector

Rayonier exits NZ with $1.2b forestry sale

An investment firm bought the stake, which included 116,145 hectares of forestry.

Markets

NZME board told 'compromise or be rolled'

Minority shareholders are falling in behind billionaire Jim Grenon's board coup.

NZME board told 'compromise or be rolled'
Markets Market Close

NZ sharemarket steady after Ryman completes capital raise

The S&P/NZX 50 Index closed at 12,209.05, down 40.5 points or 0.33%.

Graham Skellern 13 Mar 2025
NZ sharemarket steady after Ryman completes capital raise