Sharechat Logo

Vital Healthcare Property Trust (NZX: VHP) 2020 Annual Meeting

Tuesday 17th November 2020

Text too small?

NorthWest Healthcare Properties Management Limited, the manager of Vital Healthcare Property Trust provides to the NZX a copy of the presentations given at today's annual meeting of unitholders.

Vital recorded a 12.7% total return for the 12 months ended 30 September 2020, despite COVID-19 impacting around half of this period. Over the same period, Vital outperformed the S&P/NZX All Real Estate Index by 17.1%. This significant outperformance highlights the defensive nature of healthcare real estate compared to other real estate classes and the resilience of hospital operators in particular.

This resilience led to over 99% of rent of being collected over the last 12 months; well above our peers in New Zealand and Australia with a majority of Vital’s tenants having recovered to pre-pandemic operating levels.

Despite COVID-19, we were able to raise $157.5 million in October and November from a significantly oversubscribed equity raising. The capital will be used to fund Vital’s strategic objectives which in turn will provide future earnings growth for unitholders.

Vital paid 8.75 cents per unit in distributions over the 2020 financial year and we have provided guidance of at least this amount for the current financial year.

See the links below for more details: 

VHP Annual Meeting Presentation FY20

Chair and Fund Manager address

Source: Vital Healthcare Property Trust

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Me Today Limited (NZX: MEE) Results for the Six Months Ended 30 September 2020
PaySauce Limited (NZX: PYS) FY2021 Half Year Result and Interim Report
General Capital Limited (NZX: GEN) Announces Solid Growth Despite Covid-19
Moa Group Limited (NZX: MOA) Announces Half-year Results
Evolve Education Group Limited (NZX: EVO) Interim Results for Six Months Ended 30 September 2020
IPO Offer: New Zealand Rural Land Co
Infratil Limited 6-year Infrastructure Bonds
Genesis Energy Limited (NZX: GNE) Undertaking Strategic Review of Kupe
Plexure Group Limited (NZX: PX1) NZ$5 Million Share Purchase Plan Closes
Vital Healthcare Property Trust (NZX: VHP) Sale of Three Regional Assets

IRG See IRG research reports