Preliminary unaudited portfolio valuations 31 December 2025

27/01/2026 12:52 NZDT, MKTUPDTE

Vital Healthcare Property Trust (Vital) expects to report an unrealised net property gain of approximately $36m for the six months ended 31 December 2025.

Independent valuations have been performed for 14 of Vital’s income producing properties (representing 36% by value), with the remainder subject to internal valuations. In line with Vital’s valuation policy, all income producing properties have been subject to independent valuation in the last 12 months.

Indicatively, Vital’s weighted average capitalisation rate is expected to tighten by ~5bps versus 30 June 2025 to ~5.49%, with the New Zealand portfolio tightening by ~1bps to ~5.62% and the Australian portfolio tightening by ~7bps to ~5.42%.

The indicative property valuation results are subject to receipt of final reports, external audit and board approval. Further details on the final valuations will be included in Vital’s HY26 results which will be released to the market on Thursday, 19 February 2026.

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ENQUIRIES

Chris Adams

Chief Executive Officer, Vital Healthcare Properties Management Limited

Tel +61 408 665 332, Email chris.adams@vhpt.co.nz

Michael Groth

Chief Financial Officer, Vital Healthcare Properties Management Limited

Tel +61 409 936 104, Email michael.groth@vhpt.co.nz