25 years on the NZX
In September 2024, Vital marked 25 years of being listed on the NZX. A “Spotlight” video released by the NZX to mark this occasion.
The NZX listing over this quarter century provided access to material capital over many equity raisings. This funding enabled the creation and renewal of key health infrastructure in both New Zealand and Australia, that the population of both countries need and access every day. This was whilst generating attractive risk adjusted returns for our Unit Holders.
Highlights include:
- Compound return of 8.6% per annum outperforming the S&P/NZX50 Index by and the S&P/NZX All Real Estate Index since the inception of each index.
- Asset base has increased from ~NZ$200m at IPO to NZ$3.2b at 30 September 2024 which included a material expansion into the Australian market.
- NZ$1.8b of acquisitions.
- NZ$600m of developments completed.
- NZ$500m of divestments.
We have recorded 25 years of providing high-quality healthcare facilities for our operating partners and their patients as well as growing investment returns for Vital’s investors. With growing demand for healthcare services across New Zealand and Australia as a result of growing and aging populations, technological advances and better collaboration between public and private health systems, we remain optimistic for Vital’s next 25 years.
For further information, please contact:
Chris Adams – Fund Manager / CEO Elect, Vital Healthcare Property Trust | Tel +61 408 665 332 | Email chris.adams@nwhreit.com
Michael Groth – Chief Financial Officer, Northwest Healthcare Properties Management Limited | Tel +61 409 936 104 | Email michael.groth@nwhreit.com
