VHP - $85m property revaluation gain anticipated for 2H FY22

Tuesday 19th July 2022

NorthWest Healthcare Properties Management Limited (the Manager), as manager of Vital Healthcare Property Trust (Vital), expects Vital to record a property revaluation gain of ~$85m for the six months ended 30 June 2022, with ~42% of the portfolio by value independently valued. This preliminary draft revaluation gain represents a 3% increase since 31 December 2021.

This is in addition to the $153.2m recorded for the six months ended 31 December 2021; equating to a full year gain of ~$238m, a gain of ~9% since 30 June 2021.

The indicative revaluation gain referred to above is subject to audit and will be confirmed when Vital's full year results are released on 11 August 2022.

– ENDS –

About Vital (NZX code VHP):

Vital Healthcare Property Trust is an NZX-listed fund that invests in high-quality healthcare properties in New Zealand and Australia including private hospitals (~80% of portfolio value), out-patient facilities (~16% of portfolio value) and aged care (~4% of portfolio value).

Vital is the only specialist listed landlord of healthcare property in Australasia and currently has a portfolio valued at over $3.3 billion.

Vital is managed by NorthWest Healthcare Properties Management Limited, a subsidiary of Toronto Stock Exchange listed NorthWest Healthcare Properties REIT, a global owner and manager of healthcare property.

$85m property revaluation gain anticipated for 2H FY22

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