NZSE:VHPHealth Care REITs
Vital Healthcare Property Trust (NZSE:VHP) Stock Faces FFO Shock Despite AFFO Support
Vital Healthcare Property Trust slipped about 3% over the past week into these results and trades around NZ$1.84, only slightly below one recent fair value estimate. That muted move sits awkwardly beside a headline year shaped by internalization of management and adjusted funds from operations that support a distribution of A$0.0975 per unit.
The real story today is the internalization. It removes external fees, tightens alignment with unitholders and feeds directly into management expense...