Aug 07, 2024 / 10:00PM GMT
Aaron Hockly - Vital Healthcare Property Trust - Senior Vice President - New Zealand and Vital Fund Manager
Welcome to Welcome to Vital's FY24 Results Call. Over the year, we progressed several strategic initiatives to enhance our resilience, including the sale of non-core assets with the proceeds recycled into modules developments. This work is enhance. The portfolio was -- and was also expected to enhance unitholder returns in future periods. We also maintained gearing below 40% as planned and recorded NZD0.109 per unit and AFFO to enable payment of NZD0.0975 per unit in distributions, consistent with guidance on 99% payout ratio.
As usual, I will provide an update on some [versa], and FY24 highlights, but also provide detail on several of our strategic initiatives. Michael will talk about our financial results and capital management. Of particular note, whilst our borrowing costs have continued to increase, total expenses declined primarily due to lower management fees.
Richard will provide a sector update, as well as more detailed information around Vital's high quality portfolio.
Full Year 2024 Vital Healthcare Property Trust Earnings Call Transcript
Aug 08, 2024
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