HealthCo Healthcare & Wellness REIT (ASX:HCW) Announces 1H FY25 Results
Financial Performance
HealthCo Healthcare & Wellness REIT reported a 5% increase in funds from operations (FFO) per unit and distribution per unit (DPU), both reaching 4.2 cents in 1H FY25 compared to 1H FY24. The net tangible asset (NTA) per unit remained stable at $1.58. The gearing ratio stands at 32.4%, at the lower end of the targeted 30-40% range.
Portfolio and Development
The REIT holds a diversified $1.6 billion portfolio of 27 private hospitals and health infrastructure assets across Queensland, New South Wales, Victoria, and Western Australia. Occupancy remained strong at 99%, with 100% cash rent collection. HealthCo has an accretive development pipeline of over $540 million, supported by ongoing projects and strategic asset sales.
Outlook & Guidance
HealthCo reaffirmed its FY25 guidance for FFO/unit and DPU at 8.4 cents, supported by the continued performance of its portfolio and contractual obligations.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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