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Which NZX-listed property business BlackRock just bought into: $100m-plus stake

Vital Healthcare reports 12 percent rise in property income

Vital Healthcare raising funds to pay for expansion to South Island

Vital Healthcare buys Australian cancer treatment centre, seeks to raise $140m in capital

Vital Healthcare buys Australian cancer treatment centre, seeks to raise $140m in capital
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Vital Healthcare Property Trust half-year profit up 60%, boosted by $61m revaluations

Vital Healthcare Property Trust half-year profit up 60%, boosted by $61m revaluations 24 Feb, 2021 08:14 PM 3 minutes to read Vital Healthcare Property Trust pushed net profit after tax up 60 per cent in its latest half-year results. The business which owns 42 hospitals, outpatient, specialist and medical centres here and in Australia declared a $91m net profit after tax for the six months to December 31, 2020. Revenue rose 8.5 per cent to $54m, up on the previous corresponding period s $49m but the bottom line was boosted by property revaluations which came in at $61m. Read More Vital manager NorthWest Healthcare Properties Management said the NZX listed trust s defensive portfolio helped it record a 19.8 per cent total return for the 12 months ended December 31, outperforming the S&P/NZX REIT Index by 15.4 per cent and the broader S&P/NZX 50 index by 5.9 per cent.

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