Highlights

• Vital Infrastructure paid C$0.03 per unit every month across the year, totalling C$0.36 in regular distributions.

• The October distribution reaches unitholders on 13 November, following a Record Date of 30 October 2026.

• Second-quarter AFFO of C$0.11 per unit meant the trust paid out 85% of adjusted funds from operations.

• A new Calvary Lease on twelve Australian hospitals should trim annualised AFFO by about one cent per unit.

A newly bought health hub in East New York, Brooklyn, fully leased across 142,000 square feet, now sits in the same portfolio as hospitals in Australia and healthcare property in Brazil. That spread of medical real estate supports the monthly C$0.03 per unit paid by Vital Infrastructure Property Trust (TSX:VITL.UN), a rate that did not change once over the past twelve months.

The units finished Tuesday's session at C$4.79, and third-quarter figures land after the market closes on 11 November.

Payment and yield

Declared on 15 October, the latest distribution carried a record date of 30 October and is scheduled for payment on 13 November. Twelve instalments with ex-dates from 28 November 2025 to 30 October 2026 added up to C$0.36.

Measured against the 10 November close, the trailing Yield is about 7.52%. Since the rate has held flat, the indicated yield, the latest monthly amount multiplied by twelve, matches it. No special distributions or return of Capital were identified. The November amount had not been announced by the close date.

How much cash the payout absorbs

For the quarter ended 30 June 2026, diluted AFFO reached C$0.11 per unit, against C$0.09 in distributions. That produced an 85% AFFO payout ratio, an improvement on 87% in the first quarter and 88% a year before.

Occupancy held at 96.4%, the weighted average lease expiry lengthened to 13.1 years and same-property net Operating Income rose 2.3%. Net asset value stood at C$7.66 per unit, well above where the units now trade.

A smaller, more North American footprint

The trust sold 23 wholly owned properties in Germany and the Netherlands plus ten Dutch joint-venture assets, raising about C$145 million in net cash. That cut the portfolio to 104 properties and 11.1 million square feet from 133 properties at the end of 2025. Assets under management total C$5.6 billion.

North American buying followed. The Brooklyn purchase cost US$89.9 million, and a C$26.2 million outpatient building in Burlington, Ontario was agreed. Debt fell to 39.8% of gross Book Value on an IFRS basis, or 46.8% proportionately, although the average Interest Rate rose to 5.25% once cheaper European mortgages were repaid. A C$500 million unsecured Credit Facility and a C$300 million issue of 4.865% Series C debentures followed.

The Australian hospital reset

Twelve Australian hospitals, held through a joint venture in which the trust owns 30%, are leased to a Healthscope operating company. After creditors approved a sale of those operations, Calvary Health Care agreed a new lease adding about 5.5 years of term. Lease incentives worth roughly 13% of base rent for four years will reduce annualised AFFO by about C$0.01 per unit, and the trust expects the value of its stake to fall about 10%. Completion is targeted for 30 November.

The closing price comes from market-data records, and index membership rests on exchange-traded fund holdings dated 25 September 2026.