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Vital has solid 2014 result


Vital has solid 2014 result


Vital Healthcare Property Trust today announced a 2014 full year net profit after tax of $37.4m (+7.8%). Vital also confirmed it will pay investors a full year cash distribution per unit of 7.9 cents for the year and increased its 2015 cash distribution guidance to 8.0 cents per unit.

To read the full release click here.

Financial and performance highlights
• Gross rental income of $59.4m
• Operating profit before interest and tax of $50.0m
• 23.1% increase in net distributable income to $34.7m
• Successful 1%2Dfor%2D10 pro rata renounceable rights issue
• New 30 year lease with Ascot Hospital %26 Clinics Ltd at Ascot Hospital in Auckland

PORTFOLIO REVALUATION GAIN
$15.2m
2.5% increase driven by proactive asset management


GEARING
31.4%
Strong capital position providing flexibility for future growth


WEIGHTED AVERAGE LEASE TERM TO EXPIRY (WALT)
15.1 years
~3.0x longer than the New Zealand listed property sector average


BROWNFIELD PROJECTS
A$28.0m
Creating capacity through value add redevelopments


PORTFOLIO DIVERSIFICATION %2D THE MARIAN CENTRE
A$13.5m
First Western Australia acquisition providing catalyst for further growth


Financial statements for period end 30 June 2014

To read our financial statements click here.


Annual results presentation

To read our annual results presentation click here.


www.vitalhealthcareproperty.co.nz

ends


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