Vital Healthcare Property Trust (VHP.NZ)
Vital Healthcare Property Trust operates in the REIT - Healthcare Facilities industry of the Real Estate sector, headquartered in Auckland, AUK, NZ. The stock last traded at $1.88, down 0.53% on the session, giving a market capitalisation of $1.27B. Its beta of 0.54 implies it has historically moved less than the broad market.
Vital Healthcare Property Trust functions as a Real Estate Investment Trust (REIT), with its operations externally managed by Vital Healthcare Management Limited. The trust strategically invests in a diverse range of health and medical facilities located across New Zealand and Australia. Its activities encompass both the acquisition and development of these specialized properties, which include surgical centers, general medical clinics, geriatric and long-term care residences, primary healthcare facilities, and various health support infrastructure. Furthermore, the fund is open to participating in co-investments with other healthcare service providers. The entity was formerly known as Calan Healthcare Properties Trust, and subsequently as ING Medical Properties Trust.
Vital Healthcare Property Trust is most often compared with the following Real Estate names: