We are focused on delivering earnings growth for our Unit Holders and are targeting AFFO growth of 2-3% per unit per annum over the medium term. Earnings growth is expected to support both a steady increase in distributions to Unit Holders and unit price appreciation over time. A combination of earnings growth, distribution growth and unit price appreciation is expected to enable us to continue to outperform the NZX property index on a total return basis into the future.
| Total return to 30 September 2023* | 1yr (p.a.) | 5yr (p.a.) | 10yr (p.a.) | Index inception (p.a.)** |
|---|---|---|---|---|
| Vital | -13.3% | 3.6% | 8.9% | 10.4% |
| S&P/NZX all real estate index | -4.5% | 2.1% | 6.9% | 7.0% |
| Vital’s performance vs NZX REIT | -8.8% | 1.5% | 2.0% | 3.4% |
Source: Forsyth Barr as at 30 September 2023
*Total returns measured by change in unit price plus post tax distributions to 30 September 2023
**S&P/NZX All Real Estate Index and S&P/NZX 50 Index data from 31 December 2004, being the inception date of the NZX All Real Estate Index