Vital Healthcare Property Trust Ordinary Units
VHP.NZXReal Estate
Vital Healthcare Property Trust (Vital) is the only specialist, NZX-listed landlord of healthcare real estate in New Zealand and Australia. Vital's portfolio is valued at ~$2.2 billion. The manager of the Trust is NorthWest Healthcare Properties Management Limited, a subsidiary of Toronto listed global healthcare fund manager and owner, NorthWest Healthcare Properties REIT.
Market Data
$1.905
-0.0%$1.5B
-15.4x
$-0.124
5.57%
-0.0%
Latest Earnings
Vital announces FY26 Third Quarter Results
14 May 2026
Vital Healthcare Property Trust reported Q3 FY26 results (9 months to 31 March 2026) tracking slightly ahead of management expectations, supported by a stronger Australian dollar given 69% of its portfolio is located in Australia. Funds From Operations (FFO) grew 23.6% to NZD $65.8M and Adjusted FFO increased 24.5% to NZD $65.4M for the nine-month period, with diluted AFFO per unit rising to 8.85 cpu from 7.78 cpu. The trust declared a quarterly cash distribution of 2.4375 cpu, while gearing improved to 39.6% from 42.1% at June 2025. Key points: FFO grew 23.6% to NZD $65.8M for the 9 months to 31 March 2026 vs pcp; Adjusted FFO (AFFO) increased 24.5% to NZD $65.4M, with diluted AFFO per unit up 13.8% to 8.85 cpu; Net property income rose 7.1% to NZD $119.2M, reflecting portfolio growth and AUD tailwind
Recent Announcements
Preliminary Unaudited Portfolio Valuations at 30 June 2026
Vital Healthcare Property Trust reports preliminary unrealised net property valuation gains of approximately $10m for the six months ended 30 June 2026, driven primarily by rental increases despite a softening of capitalisation rates across its New Zealand and Australian healthcare property portfolios. Independent valuations were completed on 17 properties (63% by value), with final results subject to external audit and board approval, to be disclosed in full FY26 results on 13 August 2026.
Full Year Results Announcement Date and Webcast Details
Vital Healthcare Property Trust (NZX: VHP) announced it will release its full year results for the year ended 30 June 2026 on Thursday, 13 August 2026 pre-market, with a conference call and webcast scheduled for 10:00am NZST the same day.
Vital Advances Stage 2 of Macarthur Health Precinct
Vital Healthcare Property Trust announced Stage 2 of the Macarthur Health Precinct development in NSW, a A$112.2m project featuring a short-stay surgical hospital and medical outpatient building, with binding lease precommitments from anchor tenant Ramsay Health Care plus Sonic Healthcare and Lumus Imaging, expected to deliver a 6.4% fully-let net yield on cost with construction commencing mid-2026 and completion targeted for early 2028.
SPH Notice - Vital Healthcare Properties Management Ltd
Vital Healthcare Properties Management Ltd changed substantial holding from 28.159% to 9.934%.
Intention to Appoint Independent Director - Mark Menhinnitt
Vital Healthcare Property Trust intends to appoint Mark Menhinnitt as an Independent Director effective 1 September 2026, bringing extensive real estate and infrastructure experience from his 30-year career including roles at Lendlease and current directorships at GPT Group and Downer EDI Limited.
D&O Ongoing Disclosure Notices
Four directors and senior managers of Vital Healthcare Property Trust acquired ordinary units on 5 June 2026 through the Distribution Reinvestment Plan: Graham Robert Stuart (2,283 units, $4,066.80), Angela Jennifer Bull (355 units, $632.87), Leonard Christopher Adams (814 units, $1,449.96), and Michael Ross Groth (1,386 units, $2,468.68).
Allotment of Distribution Reinvestment Plan Units
Vital Healthcare Property Trust (VHP) allotted 2,764,714 new ordinary units at $1.781276 per unit on 5 June 2026 through its Distribution Reinvestment Plan, representing 0.34% of total units on issue, in connection with a distribution of 2.437500 cents per unit paid on the same date.
DRP strike price set at $1.781276
Vital Healthcare Property Trust (NZX: VHP) has set its distribution reinvestment plan (DRP) strike price at $1.781276 for Q3 FY2026, representing a 2% discount to the seven-day volume weighted average sale price as of the ex-date (20 May 2026), effective for distributions payable on 5 June 2026.
Vital announces FY26 Third Quarter Results
Vital Healthcare Property Trust reported Q3 FY26 results (9 months to 31 March 2026) tracking slightly ahead of management expectations, supported by a stronger Australian dollar given 69% of its portfolio is located in Australia. Funds From Operations (FFO) grew 23.6% to NZD $65.8M and Adjusted FFO increased 24.5% to NZD $65.4M for the nine-month period, with diluted AFFO per unit rising to 8.85 cpu from 7.78 cpu. The trust declared a quarterly cash distribution of 2.4375 cpu, while gearing improved to 39.6% from 42.1% at June 2025. Key points: FFO grew 23.6% to NZD $65.8M for the 9 months to 31 March 2026 vs pcp; Adjusted FFO (AFFO) increased 24.5% to NZD $65.4M, with diluted AFFO per unit up 13.8% to 8.85 cpu; Net property income rose 7.1% to NZD $119.2M, reflecting portfolio growth and AUD tailwind
Vital's FY26 Third Quarter Distribution
Vital Healthcare Property Trust (VHP) announced its FY26 third quarter distribution of NZD $0.024375 per ordinary unit, totaling NZD $19.6 million, with payment scheduled for 5 June 2026 and a 2.0% discount available through its distribution reinvestment plan.
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