Investors Performance

Performance

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.

10.2% p.a. total return for the 10 years ended 31 March 2024
2.7% p.a above benchmark (S&P/NZX REIT Index)
  • Vital
  • S&P/ NZX All Real Estate Index
Source: Forsyth Barr, as at 31 December 2023

Comparative Returns

Total return to 31 March 2024* 1yr (p.a.) 5yr (p.a.) 10yr (p.a.) Index inception (p.a.)**
Vital (0.3)% 4.2% 10.2% 10.5%
S&P/NZX all real estate index 3.6% 1.3% 8.9% 7.1%
Vital’s performance vs NZX REIT (3.9)% 3.0% 2.7% 3.4%

Source: Forsyth Barr as at 31 March 2024
*Total returns measured by change in unit price plus post tax distributions to 31 March 2024
**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