Half Year 2024 Vital Healthcare Property Trust Earnings Call Transcript

Feb 14, 2024 / 09:00PM GMT
Operator

Thank you for standing by and welcome to the Vital Healthcare Property Trust FY24 half year results (Operator Instructions) I would now like to hand the conference over to Mr. Aaron Hockly, Fund Manager. Please go ahead.

Aaron Hockly Vital Healthcare Property Trust-SVP New Zealand&Vital Fund Manager

My name is Aaron Hockly, Vital's Fund Manager, and I'm pleased to be able to present these results for the six months ended December 31, 2023, a period of ongoing delivery of our strategy. Despite rising interest rates and a volatile equity market, we have continued to improve Vital's property portfolio through noncore asset sales and development.

This, coupled with balance sheet improvements and ongoing sector leadership and sustainability have enhanced the future income security for our Unit Holders. Our overarching goal is to provide AFFO and DPU growth of 2% to 3% per unit per annum over the medium term. Whilst rising debt costs have hindered this over the last 18 months, ongoing portfolio and balance sheet enhancements and

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