Cash flow Vital Healthcare Property Trust

Equities

VHP

NZCHPE0001S4

Specialized REITs

End-of-day quote New Zealand S.E. Other stock markets 2024-09-13			5-day change	1st Jan Change
1.955 ^NZD	+1.82%		+1.03%	-11.54%

08-08	Vital Healthcare Property Trust Announces Dividend Payable on 19 September 2024	CI
08-08	Vital Healthcare Property Trust Reports Earnings Results for the Full Year Ended June 30, 2024	CI

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Published financial data: VITAL HEALTHCARE PROPERTY TRUST

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2020	2021	2022	2023	2024
Rental Revenues	103M	114M	127M	151M	151M
Tenant Reimbursements	11.11M	12.52M	16.24M	20.78M	17.81M
Total Revenues	114M	126M	144M	171M	169M
Property Expenses	14.27M	16.48M	20.62M	26.09M	24.26M
Stock-Based Compensation (IS)	6.48M	12.4M	15.91M	14.99M	-
Other Operating Expenses	16.79M	18.51M	21.32M	22.97M	30M
Total Operating Expenses	37.54M	47.4M	57.85M	64.05M	54.26M
Operating Income (REIT / Utility Template)	76.88M	78.75M	85.78M	107M	115M
Interest Expense, Total	-41.77M	-5.34M	32.27M	-32.34M	-53.79M
Interest and Investment Income	334K	35K	212K	445K	2.64M
Net Interest Expenses	-41.44M	-5.31M	32.48M	-31.9M	-51.15M
Currency Exchange Gains (Loss)	-3.08M	-1.66M	-649K	1.26M	-641K
Other Non Operating Income (Expenses)	-7.76M	-	-283K	-	-
EBT, Excl. Unusual Items	24.6M	71.77M	117M	76.63M	62.74M
Gain (Loss) on Sale of Assets	-	11.31M	700K	-3.7M	-5.7M
Asset Writedown	45.7M	235M	244M	-209M	-165M
EBT, Incl. Unusual Items	70.3M	318M	362M	-136M	-108M
Income Tax Expense	12.18M	40.08M	58.75M	16.78M	-592K
Earnings From Continuing Operations	58.13M	278M	304M	-152M	-108M
Net Income to Company	58.13M	278M	304M	-152M	-108M
Net Income - (IS)	58.13M	278M	304M	-152M	-108M
Net Income to Common Incl Extra Items	58.13M	278M	304M	-152M	-108M
Net Income to Common Excl. Extra Items	58.13M	278M	304M	-152M	-108M
Per Share Items
Net EPS - Basic	0.13	0.56	0.53	-0.23	-0.16
Basic EPS - Continuing Operations	0.13	0.56	0.53	-0.23	-0.16
Basic Weighted Average Shares Outstanding	452M	498M	569M	656M	669M
Net EPS - Diluted	0.13	0.56	0.53	-0.23	-0.16
Diluted EPS - Continuing Operations	0.13	0.56	0.53	-0.23	-0.16
Diluted Weighted Average Shares Outstanding	452M	498M	569M	656M	669M
Normalized Basic EPS	0.03	0.09	0.13	0.07	0.06
Normalized Diluted EPS	0.03	0.09	0.13	0.07	0.06
Dividend Per Share	0.09	0.09	0.1	0.1	0.1
Payout Ratio	57.65	9.15	10.34	-33.2	-53.18
Supplemental Items
EBITA	76.88M	78.75M	85.78M	107M	115M
EBIT	76.88M	78.75M	85.78M	107M	115M
Effective Tax Rate - (Ratio)	17.32	12.58	16.22	-12.37	0.55
Total Current Taxes	7.24M	7.86M	8.28M	14.79M	19.05M
Total Deferred Taxes	4.94M	32.22M	50.47M	1.99M	-19.64M
Normalized Net Income	15.37M	44.86M	73.34M	47.89M	39.21M
Interest Capitalized	3.62M	4.85M	5.92M	18.33M	26.48M
Interest on Long-Term Debt	-	-	-	-	-
Supplemental Operating Expense Items
Stock-Based Comp., Other (Total)	6.48M	12.4M	15.91M	14.99M	-
Total Stock-Based Compensation	6.48M	12.4M	15.91M	14.99M	-

Fiscal Period: June	2020	2021	2022	2023	2024
Assets
Net Property Plant And Equipment	2.09B	2.63B	3.34B	3.29B	3.21B
Total Real Estate Assets	2.09B	2.63B	3.34B	3.29B	3.21B
Cash And Equivalents	5.26M	6.88M	22.06M	10.88M	18.93M
Accounts Receivable, Total	5.04M	623K	1.64M	1.13M	5.06M
Other Receivables	167K	10.71M	1.8M	4.45M	4.27M
Investment In Debt and Equity Securities	-	-	20.69M	26.04M	17.7M
Notes Receivable (Collected)	-	-	-	1.52M	943K
Other Current Assets, Total	894K	3.28M	14.47M	97.05M	30.01M
Trading Asset Securities, Total	-	-	-	276K	149K
Deferred Tax Assets Long-Term (Collected)	6.79M	6.48M	-	-	-
Other Long-Term Assets, Total	756K	-	-	6K	14M
Total Assets	2.11B	2.66B	3.4B	3.43B	3.3B
Liabilities
Current Portion of Long-Term Debt	114M	115M	93K	-	-
Current Portion of Leases	136K	142K	170K	178K	123K
Long-Term Debt	763M	855M	1.01B	1.24B	1.29B
Long-Term Leases	3.68M	4.09M	3.9M	3.72M	9.98M
Accounts Payable, Total	15.54M	29.03M	28.33M	36.52M	28.22M
Accrued Expenses, Total	3.46M	2.21M	3.62M	5M	3.95M
Current Income Taxes Payable	11.15M	13.33M	5.36M	8.69M	7.52M
Unearned Revenue, Current	870K	854K	621K	1.53M	1.65M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	77K	9.76M	442K	8K	94K
Unearned Revenue Non Current	-	-	-	-	-
Deferred Tax Liability Non-Current	104M	129M	178M	178M	159M
Other Non Current Liabilities	10.27M	-	-	-	6K
Total Liabilities	1.03B	1.16B	1.23B	1.47B	1.5B
Common Stock, Total	595M	777M	1.15B	1.18B	1.2B
Retained Earnings	488M	722M	970M	753M	579M
Comprehensive Income and Other	-3.87M	4.21M	44.59M	23.24M	20.97M
Total Common Equity	1.08B	1.5B	2.17B	1.96B	1.81B
Total Equity	1.08B	1.5B	2.17B	1.96B	1.81B
Total Liabilities And Equity	2.11B	2.66B	3.4B	3.43B	3.3B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	454M	520M	649M	661M	672M
ECS Total Common Shares Outstanding	454M	520M	649M	661M	672M
Book Value / Share	2.38	2.89	3.34	2.96	2.69
Tangible Book Value	1.08B	1.5B	2.17B	1.96B	1.81B
Tangible Book Value Per Share	2.38	2.89	3.34	2.96	2.69
Total Debt	881M	975M	1.02B	1.24B	1.3B
Net Debt	875M	968M	995M	1.23B	1.28B
Account Code - Inventory Valuation	3	3	3	3	3
Accumulated Allowance for Doubtful Accounts (Supple)	281K	345K	291K	388K	552K

Fiscal Period: June	2020	2021	2022	2023	2024
Net Income	58.13M	278M	304M	-152M	-108M
Total Asset Writedown	-45.7M	-235M	-244M	209M	165M
Stock-Based Compensation (CF)	6.48M	12.4M	15.91M	14.99M	6.6M
Change in Accounts Receivable	-3.9M	-2.88M	-1.45M	-1.28M	13K
Change in Accounts Payable	1.9M	1.47M	3.53M	-146K	-1.14M
Change In Income Taxes	-1.12M	2.18M	-7.97M	3.32M	-1.17M
Change in Other Net Operating Assets (Collected)	-	-	-	-	-
Other Operating Activities	28.67M	393K	-8.82M	547K	-491K
Cash from Operations	44.44M	56.58M	60.49M	73.58M	61.44M
Acquisition of Real Estate Assets, Total	-150M	-390M	-448M	-337M	-261M
Sale of Real Estate Assets, Total	64K	99.06M	14.36M	58.76M	239M
Net Sale / Acquisition of Real Estate Assets	-150M	-291M	-433M	-278M	-22.04M
Cash Acquisitions	-	-	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-11.37M
Other Investing Activities, Total	79.27M	-4.19M	31.24M	2K	-679K
Cash from Investing	-70.86M	-296M	-402M	-278M	-34.09M
Long-Term Debt Issued, Total	143M	1.2B	835M	429M	316M
Total Debt Issued	143M	1.2B	835M	429M	316M
Long-Term Debt Repaid, Total	-83.38M	-1.09B	-780M	-183M	-277M
Total Debt Repaid	-83.38M	-1.09B	-780M	-183M	-277M
Issuance of Common Stock	-	160M	343M	-	-
Common Dividends Paid	-33.51M	-25.46M	-31.37M	-50.6M	-57.22M
Common & Preferred Stock Dividends Paid	-33.51M	-25.46M	-31.37M	-50.6M	-57.22M
Other Financing Activities, Total	-467K	-5.16M	-9.32M	-2.17M	-1.18M
Cash from Financing	25.62M	241M	357M	193M	-19.31M
Foreign Exchange Rate Adjustments	-	-	-	-	-
Net Change in Cash	-803K	1.62M	15.18M	-11.17M	8.05M
Supplemental Items
Cash Interest Paid	27.8M	28.09M	26.51M	35.28M	41.08M
Cash Income Tax Paid (Refund)	8.47M	13.78M	15.85M	11.18M	20.01M
Net Debt Issued / Repaid	59.6M	112M	54.78M	246M	39.1M
Levered Free Cash Flow	115M	73.85M	69.58M	-11.05M	91.51M
Unlevered Free Cash Flow	141M	77.19M	49.41M	9.17M	125M
Change In Net Working Capital	-86.48M	-15.57M	20.12M	72.86M	-53.55M

Fiscal Period: June	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.38	2.06	1.77	1.96	2.13
Return on Total Capital	2.55	2.22	1.89	2.1	2.27
Return On Equity %	5.51	21.56	16.54	-7.39	-5.72
Return on Common Equity	5.51	21.56	16.54	-7.39	-5.72
Margin Analysis
Gross Profit Margin %	87.53	86.93	85.65	84.77	85.63
EBITA Margin %	67.19	62.43	59.72	62.61	67.85
EBIT Margin %	67.19	62.43	59.72	62.61	67.85
Income From Continuing Operations Margin %	50.8	220.69	211.32	-88.96	-63.76
Net Income Margin %	50.8	220.69	211.32	-88.96	-63.76
Net Avail. For Common Margin %	50.8	220.69	211.32	-88.96	-63.76
Normalized Net Income Margin	13.44	35.56	51.06	27.96	23.23
Levered Free Cash Flow Margin	100.41	58.55	48.44	-6.45	54.22
Unlevered Free Cash Flow Margin	123.23	61.19	34.4	5.35	74.13
Asset Turnover
Asset Turnover	0.06	0.05	0.05	0.05	0.05
Fixed Assets Turnover	0.06	0.05	0.05	0.05	0.05
Receivables Turnover (Average Receivables)	38.39	44.59	126.94	123.74	54.52
Short Term Liquidity
Current Ratio	0.08	0.13	1.03	2.22	1.43
Quick Ratio	0.07	0.11	0.66	0.32	0.68
Operating Cash Flow to Current Liabilities	0.31	0.33	1.57	1.42	1.48
Days Sales Outstanding (Average Receivables)	9.53	8.19	2.88	2.95	6.71
Average Days Payable Outstanding	331	493.61	507.77	453.62	488.48
Long Term Solvency
Total Debt/Equity	81.63	64.82	46.97	63.51	71.99
Total Debt / Total Capital	44.94	39.33	31.96	38.84	41.86
LT Debt/Equity	71.03	57.16	46.96	63.5	71.98
Long-Term Debt / Total Capital	39.11	34.68	31.95	38.83	41.85
Total Liabilities / Total Assets	48.75	43.53	36.29	42.93	45.38
EBIT / Interest Expense	1.84	14.74	-2.66	3.32	2.13
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	2.73	10.25	13.86	19.27	-1.48
Gross Profit, 1 Yr. Growth %	2.52	9.5	12.18	18.05	-0.48
EBITA, 1 Yr. Growth %	12.76	2.43	8.93	25.04	6.77
EBIT, 1 Yr. Growth %	12.76	2.43	8.93	25.04	6.77
Earnings From Cont. Operations, 1 Yr. Growth %	-37.78	378.95	9.03	-150.21	-29.39
Net Income, 1 Yr. Growth %	-37.78	378.95	9.03	-150.21	-29.39
Diluted EPS Before Extra, 1 Yr. Growth %	-38.9	334.38	-4.62	-143.54	-30.71
Normalized Net Income, 1 Yr. Growth %	607.45	191.79	63.48	-34.69	-18.12
Net Property, Plant and Equip., 1 Yr. Growth %	13.61	26.28	26.74	-1.52	-2.27
Accounts Receivable, 1 Yr. Growth %	443.74	-87.63	163.24	-31.16	348.45
Total Assets, 1 Yr. Growth %	8.99	26.47	27.69	0.88	-3.64
Common Equity, 1 Yr. Growth %	4.78	39.34	44.06	-9.63	-7.78
Tangible Book Value, 1 Yr. Growth %	4.78	39.34	44.06	-9.63	-7.78
Cash From Operations, 1 Yr. Growth %	9.41	27.32	6.91	21.65	-16.5
Levered Free Cash Flow, 1 Yr. Growth %	-256.52	-35.72	-5.79	-115.88	-451.51
Unlevered Free Cash Flow, 1 Yr. Growth %	-565.44	-45.25	-36	-81.45	-2.25K
Dividend Per Share, 1 Yr. Growth %	0	1.43	8.45	1.3	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	4.92	6.42	12.04	16.54	8.4
Gross Profit, 2 Yr. CAGR %	5.1	5.95	10.83	15.08	8.39
EBITA, 2 Yr. CAGR %	10.52	7.47	5.63	16.71	15.55
EBIT, 2 Yr. CAGR %	10.52	7.47	5.63	16.71	15.55
Earnings From Cont. Operations, 2 Yr. CAGR %	-23.78	72.62	128.51	-26.01	-40.46
Net Income, 2 Yr. CAGR %	-23.78	72.62	128.51	-26.01	-40.46
Diluted EPS Before Extra, 2 Yr. CAGR %	-25.25	62.91	103.55	-35.55	-45.07
Normalized Net Income, 2 Yr. CAGR %	-12.29	354.34	118.41	3.33	-26.87
Net Property, Plant and Equip., 2 Yr. CAGR %	9.78	19.78	26.51	11.72	-1.9
Accounts Receivable, 2 Yr. CAGR %	172.11	-17.98	-42.93	34.62	75.7
Total Assets, 2 Yr. CAGR %	8.54	17.41	27.08	13.5	-1.41
Common Equity, 2 Yr. CAGR %	4.5	20.83	41.68	14.1	-8.71
Tangible Book Value, 2 Yr. CAGR %	4.5	20.83	41.68	14.1	-8.71
Cash From Operations, 2 Yr. CAGR %	-1.41	18.03	16.67	14.04	0.79
Levered Free Cash Flow, 2 Yr. CAGR %	59.01	0.3	-22.18	-61.32	14.68
Unlevered Free Cash Flow, 2 Yr. CAGR %	51.14	59.63	-40.81	-65.54	59.14
Dividend Per Share, 2 Yr. CAGR %	1.1	0.71	4.88	4.81	0.65
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	4.78	6.67	8.85	14.4	10.19
Gross Profit, 3 Yr. CAGR %	3.76	6.55	7.99	13.19	9.64
EBITA, 3 Yr. CAGR %	4.39