NZ's Vital Healthcare hits near 1-month high as co reaffirms distribution outlook

Vital Healthcare Property Trust

09/04/2020 01:26

** Shares of Vital Healthcare Property Trust  VHP.NZ  rise
as much as 5.8% to NZ$2.545, their highest since March 13
    ** Co reaffirms previous FY distribution outlook of 8.75
cents per share 
    ** The healthcare property investment fund expects limited
impact to its earnings from COVID-19  urn:newsml:reuters.com:*:nNZWb8f4n2
    ** VHP says its projects in Australia, including at Epworth
Eastern, continue to progress at lower levels of efficiency
    ** Co says its balance sheet is also strengthened by NZ$107
mln ($64.23 mln) of additional debt facilities and term
extensions for near-term debt expiries
    ** Stock posts its biggest intraday percentage gain since
March 26
    ** Stock among top percentage gainers in the S&P/NZX 50
index  .NZ50 
    ** Stock down 14.7% this year, as of last close

   ($1 = 1.6658 New Zealand dollars)

 (Reporting by R.R.Deepti Sri in Bengaluru)
 ((deepti.sri@thomsonreuters.com))