Vital profit up, management fees down
The trust has conditionally purchased three Australian aged care assets for $60.1m.
NZX-listed Vital Healthcare Property Trust’s half-year profit jumped 22% to $57.2 million, as the new management fee structure cut costs.
Property income was $49.9m for the six months to December 31, 2019, up $1.1m on the 2018 corresponding half. Rental income was up 2.5%.
Vital Healthcare
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