Opinions Andrew Moffs
Vital Infrastructure Property TrustVITL.UN.TOWATCHSep 30, 2026
Andrew MoffsStock price when the opinion was issued
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Is a large holding. They did a big restructuring and hired a new CEO. The stock has been flat the last four years. They're buying healthcare properties and developing others. They can cover their 6.5% yield, but shares are stuck at $5-6. The NAV is above 7. Real estate will be a strong performer, and the discount to NAV will close. Targets $7.
Jamie Murray Healthcare facilities/clinics/hospitals in NA, Europe, Brazil, and Australia. Rising interest rates hurt it after Covid. Thinks it can do exceptionally well under its new branding. Yield is 6.32%.
(Analysts’ price target is $6.34)
Andrew PinkIt is now their largest holding in their income growth fund - pays a 6 1/2% dividend. It is a pretty stable company trading at a discount. Now starting to grow and is developing high quality assets. He is looking for $7.50.
Jamie Murray Turnaround story, and management is highly capable. Needs to sell assets before it can grow. Global portfolio of medical offices and hospitals. Wants to shrink portfolio to focus on NA, which will take time.
In this market we're in, it's easier to own the cleaner story of SIA.
Healthcare assets globally. Now in disposition mode, re-concentrating in NA. New management has done a great job righting the ship. Sometimes it's hard to build a bicycle as you ride it. Need to be patient, see where dust settles in terms of cashflow and a return to growth.