Investors Strategy
Vital is a specialist owner of healthcare real estate across Australia and New Zealand. We seek to deliver stable and growing total unitholder returns including an attractive risk-adjusted income distribution, majority sourced from healthcare real estate. Details of the subsectors Vital invests in is included below:

Targeting 2-3% AFFO Growth

Per unit per annum

Hospitals

Target Allocation 50-70%

Comprises

Public, private, rehabilitation and mental health hospitals and similar facilities

Targeting

Government supported or high private health insurance catchments with growing populations

Current portfolio weighting

85% (as at 30 June 2021)

Outpatient / Medical Office Buildings

Target Allocation 10-20%

Comprises

Administration, diagnostic services and specialist outpatient facilities

Targeting

Facilities located in a healthcare precinct* and/or from where healthcare is delivered

Current portfolio weighting

10% (as at 30 June 2021)

Aged Care

Target Allocation 10-20%

Comprises

Residential aged care facilities (excluding retirement facilities)

Targeting

High quality operators with substantial balance sheets and < 45% Rent/EBITDAR and high-quality infrastructure

Current portfolio weighting

5% (as at 30 June 2021)

Life Sciences / Research

Target Allocation 5-15%

Comprises

Biotechnology, pharmaceutical, biomedical, university and other research facilities

Targeting

Specialised facilities and/or facilities located in a healthcare precinct*

Current portfolio weighting

0% (as at 30 June 2021)

*The initial focus for this subsector will be New Zealand. Hospitals and aged care are the priority for Vital’s growth in Australia at least in the near-term.