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    Real Estate

  3. •

    REIT - Healthcare Facilities
Vital Healthcare Property Trust

Vital Healthcare Property Trust

VHP.NZ
Vital Healthcare Property TrustNZ flagNew Zealand Exchange
1.91
NZD
-0.01
- -
1.29BMarket Cap
Vital Healthcare Property Trust
VHP.NZ
(New Zealand Exchange)

Recent

price

1.91

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
0.18
0.17
0.17
0.22
0.19
0.2
0.22
0.23
0.24
0.25
0.25
0.25
0.25
0.26
0.25
0.26
Revenue per Share
0.05
0.03
0.03
0.11
0.11
0.28
0.34
0.51
0.23
0.21
0.13
0.56
0.53
-0.23
-0.16
-0.08
Basic EPS, GAAP
0.08
0.09
0.08
0.09
0.11
0.07
0.12
0.14
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
0.07
0.08
0.06
0.06
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.05
0.06
0.08
0.09
0.09
Dividend per Share
0.97
1.34
0.98
1.05
1.1
1.29
1.56
2.1
2.23
2.35
2.38
2.99
3.73
2.95
2.67
2.48
Book Value per Share
0.99
1.33
0.96
1.01
1.04
1.26
1.51
2.08
2.26
2.31
2.38
3
3.81
2.98
2.7
2.48
Tangible Book Value per Share
157
226
298
307
339
346
347
424
437
446
454
501
569
656
669
676
Basic Weighted Avg Shares
28
38
51
66
66
68
77
99
104
111
114
126
144
171
169
177
Sales/Revenue/Turnover
73.85
72.13
69.89
77.09
76.06
71.61
69.11
67.95
60.56
61.74
67.7
62.95
59.9
62.95
68.19
69.55
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
7
7
9
35
37
97
117
218
100
93
58
278
304
-152
-108
-51
Net Income, GAAP
69.1
35.69
- -
22.99
12.64
14.52
15.22
5.85
14.79
12.72
17.32
12.58
16.22
- -
- -
- -
Effective Tax Rate (%)
26.21
19.44
17.7
52.6
56.96
142.53
151.98
218.78
96.28
83.88
50.8
220.69
211.32
-88.96
-63.76
-28.92
Profit Margin (%)
-94
12
3
-1
-17
-25
3
-11
-18
67
-134
-149
1
63
18
27
Working Capital
- -
196
244
266
191
256
344
402
669
734
703
819
1,017
1,243
1,297
1,373
LT Debt
155
301
287
309
354
436
524
880
988
1,030
1,079
1,503
2,166
1,957
1,805
1,680
Total Equity
2.5
4.68
- -
7.04
7.69
6.6
5.73
5.86
3.63
3.49
3.48
3.19
2.56
- -
- -
- -
Return on Invested Capital (%)
3.84
4.34
- -
8.58
9.16
16.88
16.39
21.25
8.17
7.13
4.43
13.97
11.77
- -
- -
- -
Return on Capital (%)
4.84
3.24
3.01
11.3
10.78
23.58
23.77
30.4
10.74
9.26
5.46
21.56
16.77
-7.52
-5.79
-2.96
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.84%
11.81%
-6.96%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
16.47%
31.2%
-52.4%
Sales/Revenue/Turnover
10.41%
9.37%
4.93%
Total Cash Common Dividend
11.14%
15.64%
4.61%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
171
2024
- -
- -
- -
- -
169
2025
- -
- -
- -
- -
177

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
-0.23
2024
- -
- -
- -
- -
-0.16
2025
- -
- -
- -
- -
-0.08

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.08
2024
- -
- -
- -
- -
0.09
2025
- -
- -
- -
- -
0.09
Similar Companies
Medical Properties Trust, Inc. (MPW)
CareTrust REIT, Inc. (CTRE)
Vital Healthcare Property Trust (VHP.NZ)
Assura Plc (ARSSF)
Diversified Healthcare Trust (DHCNL)
Aedifica S.A. (AED.BR)
Business
Vital Healthcare Property Trust (VHP.NZ) owns and manages a diversified portfolio of high-quality healthcare real estate properties in New Zealand and Australia; its core assets include private hospitals comprising approximately 78% to 81% of portfolio value, ambulatory care and specialist medical facilities comprising 17% to 18%, aged care facilities comprising about 2%, and life science facilities comprising around 4%. The Trust leases these properties to leading healthcare operators, including for-profit hospitals, medical consultants, and nonprofit providers, delivering services across the full spectrum of health needs such as inpatient care, outpatient treatments, diagnostics, cancer care, cardiology, orthopaedics, and research; it also undertakes developments, acquisitions, and divestments to optimize its portfolio. Founded in 1994 and headquartered in Auckland, New Zealand, at Level 17, HSBC Tower, 188 Quay Street, the Trust operates primarily in Australia (about 69% of assets) and New Zealand (31%), with over 45 properties, more than 125 tenants, and over 2,800 beds, serving an ageing population amid growing demand for healthcare infrastructure. In November 2025, Vital announces the internalisation of its management by acquiring rights from external manager Northwest Healthcare Properties Management Limited for a NZ$214 million termination payment (net after-tax cost of NZ$177 million), funded partly by a NZ$220 million capital raising comprising a NZ$190 million placement at NZ$1.95 per unit and a NZ$30 million oversubscribed unit purchase plan; this shift enhances governance, aligns interests, delivers annual cost savings of NZ$20.9 million, and positions the Trust for near-term developments including Coomera Stage 1A and Macarthur Stage 2, with settlement targeted for December 2025 or Q1 2026 pending approvals. The portfolio grows to NZ$3.2 billion as of September 2024 through NZ$1.8 billion in acquisitions, NZ$600 million in developments, and NZ$500 million in divestments, including recent sustainable projects like the A$49 million 6-Star Green Star certified Playford Health Hub specialist medical centre in South Australia and the award-winning Macarthur Health Precinct; leasing activity covers 47,000 square metres representing 21% of income, sustaining 98% occupancy and a 19.1-year weighted average lease expiry.