The completion of construction projects in Australia has boosted Vital Healthcare Property Trust's half year profit by a third.
The listed healthcare property investor made a profit of $14.6 million in the six months to December, compared with $5.8 million a year earlier.
Distributable income rose 44% to $13.9 million.
Rental income rose 18% to $29 million due to acquisitions, completed developments, higher rents and asset sales.
The company's medical centres are 95% full and the average lease term rose to more than 12 years.
The value of Vital's portfolio rose 10% to $623 million.