The purchase of Australian properties has helped Vital Healthcare Property Trust to lift its half year profit by more than 60%.
The healthcare property investor made an operating profit of $11.3 million in the final six months of 2011, compared with $7 million a year earlier.
Rental income rose 81% to $24.4 million, largely due to the purchase of Australian properties at the end of 2010.
Chief executive David Carr says continued strength in the Australian market, where it has 80% of its hospital assets, is helping Vital's growth strategy.
