21 Nov 2014

VHPT eyes more health facilities

7:39 am on 21 November 2014

Vital Healthcare Property Trust is still on the hunt to buy more properties to add to its portfolio of hospitals and health facilities in Australia and New Zealand.

The trust also told the annual stakeholders meeting in Auckland yesterday, it will be paying a full-year dividend of 8 cents.

The chief executive of the trust's manager, David Carr, said the trust was looking to buy existing healthcare facilities, but they would more likely be across the Tasman where prospects are better.

Vital Healthcare's first quarter net profit fell 2 percent to $6.8 million in the three months ended in September, dragged down by the impact of tax.