*Artist's impression of Playford Health Hub (Elizabeth Vale, SA)
DELIVERING
ON STRATEGY
ANNUAL REPORT 2021
3
CONTENTS
HIGHLIGHTS
MANAGER'S REPORT
FINANCIAL SUMMARY AND PORTFOLIO METRICS
ABOUT VITAL AND NORTHWEST
SUSTAINABILITY
ACQUISITIONS
DEVELOPMENTS
PORTFOLIO OVERVIEW
AUSTRALIAN PORTFOLIO
NEW ZEALAND PORTFOLIO
ASSET ALLOCATION
GOVERNANCE AND MANAGEMENT
FINANCIAL STATEMENTS
INDEPENDENT AUDITOR'S REPORT
UNITHOLDER STATISTICS
DIRECTORY
INVESTING IN
HEALTHCARE INFRASTRUCTURE IN NEW ZEALAND AND AUSTRALIA
VALUE OF INVESTMENT PORTFOLIO
$2.63B
WEIGHTED AVERAGE LEASE EXPIRY (WALE)
18.7 years
FY21 TOTAL RETURN
27.7%
Vision
NZX listed property trust which owns $2.63 billion of healthcare property in New Zealand and Australia.
To be Australia and New Zealand's leading listed healthcare property fund.
Mission
Deliver stable and growing total unitholder returns, including an attractive risk-adjusted income distribution, majority sourced from healthcare real estate.
NorthWest
(Australia and New Zealand)
NorthWest
REIT
TSX listed owner and manager of $9.5 billion of healthcare property across four continents.
Manager of Vital
Over 45 professionals in the region across 2+ investment platforms
Offices in Auckland, Melbourne and Sydney
We value
Hard work, integrity, collaboration, drive, flexibility, team work, fun and results.
Vision
Be the leading global diversified healthcare real estate company.
Mission
Provide best in-class real estate solutions to the healthcare industry and deliver exceptional shareholder value to investors.
Vital recorded another successful year of delivering on strategy, growing earnings and distributions and improving the property portfolio. Development acquisitions will help Vital continue to grow earnings and further improve the portfolio in future periods.
AFFO Growth
NPI Growth
NTA Per Unit
10.4%
8.0%
$2.89
Per Unit
(Net Property Income)
Up 21.4%
Acquisitions
Divestments
Development Pipeline
$286m
$101m
~$1b
(completed and committed)
to improve the property portfolio
(committed and potential)
Balance Sheet
FY21
New and
Gearing
Distributions
Extended Leasing
%
8.875cpu
60,000sqm
35
down from 38.7%
1.5% above FY20
as at 30 June 2020
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Disclaimer
Vital Healthcare Property Trust published this content on 11 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2021 22:10:04 UTC.
Vital Healthcare Property Trust (the Trust) is an investment fund, which invests in healthcare properties in New Zealand and Australia. The Trust owns a large and diversified portfolio of healthcare assets including many of the private hospitals, aged care facilities and out-patient buildings in Australia and New Zealand. The Trust tenants include hospital operators and healthcare providers, which deliver a range of services across the full spectrum of health services. Its portfolio of 45 properties is located in Australia and New Zealand. Its portfolio has over 125 tenants and over 2,800 beds. Its Australia portfolio include 120 Thames Street, Abbotsford Private Hospital, Baycrest Aged Care, Belmont Private Hospital, Clover Lea Aged Care, Clover Lea Aged Care and others. Its New Zealand portfolio include 61-71 Park Road, 68 Saint Asaph Street, Ascot Central and others. The Trust is externally managed by Northwest Healthcare Properties Management Limited.
VITAL HEALTHCARE PROPERTY TRUST 
