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.

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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%;

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