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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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