Investing in healthcare infrastructure in New Zealand and Australia
ANNUAL REPORT | 3
FY22 HIGHLIGHTS
9.625cpu11.92cpu $287m1
DISTRIBUTIONS
AFFO
ACQUISITIONS TO SUPPORT
8.5% ABOVE FY21
3.3% ABOVE FY21
FUTURE GROWTH
Contents
About Vital and NorthWest
4
Overview of Vital
6
Key events over FY22
10
Short, medium and longer term
progression
12
Manager's report
14
Asset allocation
20
Australian portfolio overview
22
New Zealand portfolio overview
24
5 largest assets and asset groupings
26
Developments
32
Acquisitions
36
Sustainability
44
Our Board
76
Our executive team
78
Corporate governance
80
Financial statements
88
Independent auditor's report
132
Unit Holder statistics
135
Vital's structure
136
Directory
139
1 Excluding transaction costs
4 |VITAL HEALTHCARE PROPERTY TRUST
NZX listed property trust which owns ~$3.3 billion of healthcare property in New Zealand and Australia.
Vision
Mission
To be Australia and
Deliver stable and growing total Unit
New Zealand's leading listed
Holder returns, including an attractive
healthcare property fund.
risk-adjusted income distribution, majority
sourced from healthcare real estate.
ANNUAL REPORT | 5
NorthWest (Australia and New Zealand) is the manager of Vital, with over 60 professionals in the region. We have offices in Auckland, Melbourne, Sydney and the Gold Coast.
We value
Hard work, integrity, collaboration, drive, flexibility, team work, fun and results.
NorthWest Healthcare
Properties REIT
TSX listed owner and manager of NZ$12.4 billion of healthcare property across four continents.
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.
Values
EXCELLENCE
INTEGRIT Y
PARTNERSHIP
Delivering exceptional
Doing what's
Succeeding
outcomes
right
together
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Disclaimer
Vital Healthcare Property Trust published this content on 12 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2022 05:08:06 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 
