Quote Originally Posted by Roger View Post
I ran the ruler over Vital Healthcare Trust as a possible diversification strategy a little while back. Yield was lower and trading at a substantial premium to NTA. Low risk due to very long leases on properties in the healthcare sector but SP appears vulnerable to a pull-back in a rising interest rate environment.
I have some VHP. I was attracted to the exposure to Australia and they have a very long average lease term. I have always had some doubts about VHP's management. It's manager (NorthWest Value Partners) and biggest shareholder are linked and I have never quite made up my mind whether that creates a conflict (i.e. they get the return from managing the trust even if the returns are not great for the rest of the shareholders).