Investors Performance

Performance

We are focused on delivering earnings growth for our unitholders 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 unitholders 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.

19.8% of total return for the 12 months ended 31 December 2020
15.4% above benchmark (S&P/NZX REIT Index)
  • Vital
  • S&P/ NZX All Real Estate Index
Source: Forsyth Barr, as at 31 December 2020

Comparative Returns

Total return to 31 December 2020* 1yr (p.a.) 5yr (p.a.) 10yr (p.a.) Index inception (p.a.)**
Vital 19.8% 16.3% 17.6% 14.7%
S&P/NZX all real estate index 4.4% 11.8% 13.1% 9.8%
Vital’s outperformance vs NZX REIT 15.4% 4.5% 4.5% 4.9%

Source: Forsyth Barr as at 31 December 2020
*Total returns measured by change in unit price plus post tax distributions to 31 December 2020
**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