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Vital Healthcare 2017 Annual Result

Vital Healthcare 2017 Annual Result

Vital Healthcare Property Trust today announced a 2017 full year net profit after tax of $217.6m up 85.6%. Vital will pay investors a final quarter cash distribution of 2.125 cpu and the Board will prudently maintain its 2018 cash distribution guidance at 8.5 cpu.

To read the full release please click here.

Financial and performance highlights

• Net distributable income of $61.8m, up 53.6%;

• Distribution of 8.5 cpu, up 2.4% on FY16, adjusted payout ratio of 72%;

• Cash earnings (or AFFO ) of 14.5 cpu, up 24.3%;

• Successful $160m capital raising with 87% take up;

• Portfolio WACR firmed 113 basis points (bps) to 6.04%;

ends


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