HealthCo Healthcare & Wellness REIT
AASX:HCW0.73
AUD
+0.00
(-0.68%)
ISIN
AU0000169302
Return %
Stock
S&P 500
1Y
6.57
14.20
3Y
-50.17
81.12
5Y
-66.34
68.34
Capital Structure
AUD
•
in mil. unless spec.Working Capital
AUD
•
in mil. unless spec.Growth Rates
AUD
•
in mil. unless spec.Semi-annual Revenue
AUD
•
in mil. unless spec.Semi-annual Earnings Per Share
AUD
•
in mil. unless spec.Semi-annual Dividends Per Share
AUD
•
in mil. unless spec.Company Description
- CEO
- Sid Sharma
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- Level 31 Sydney NSW Australia 2000
- IPO Date
- Sep 2, 2021
- Website
- hmccapital.com.au
- Similar Companies
- Business
- HealthCo Healthcare and Wellness REIT is an Australian real estate investment trust focused on acquiring and managing a diversified portfolio of healthcare and wellness property assets. Its core investments include hospitals, aged care facilities, childcare centers, government, life sciences and research facilities, primary care and wellness properties, as well as other healthcare and wellness property adjacencies. The company operates primarily across Australia, with significant holdings in New South Wales, Victoria, Queensland, and Western Australia. Established recently and headquartered in Australia, HealthCo aims to provide unitholders with exposure to critical healthcare infrastructure through long-term capital growth, stable and growing distributions, and positive environmental and social impact. HealthCo's latest major developments include the transformative acquisition of the Healthscope private hospital portfolio valued at approximately AUD 1.2 billion, completed in 2023, which expanded its asset base with seven private hospitals leased to Healthscope, a leading Australian healthcare operator. This acquisition positioned HealthCo as the largest diversified healthcare REIT in Australia. The company also successfully closed a substantial $1.3 billion unlisted healthcare fund with $650 million equity commitments from HealthCo and major institutional investors, enhancing its capital base for future growth. Additionally, it executed a $200 million asset recycling program to optimize its portfolio and completed an on-market buy-back of over 10 million ordinary units by the end of 2024 to improve capital structure. HealthCo manages a high-quality portfolio valued around AUD 1.5 billion, with a weighted average lease expiry of 11.5 years and 99% occupancy, reflecting its focus on stable income through long leases with contracted rental escalations including CPI adjustments. The portfolio includes notable assets such as private hospitals, aged care properties, childcare centers, and wellness hubs like Camden, The Geelong Clinic, Northpark Private Hospital, Pine Rivers Private Hospital, and Vitality Village, among others. The company operates under management by HMC Investment Management Pty Ltd and maintains a strategic pipeline of around AUD 500 million in future development opportunities across Australia’s major capital cities. This comprehensive portfolio and strategic expansion initiatives underpin HealthCo’s positioning in the healthcare real estate sector, emphasizing defensive, non-cyclical expenditure characteristics and exposure to structural demand drivers such as an aging population and growing demand for healthcare services nationally. HealthCo also maintains environmental and social governance objectives alongside financial performance to ensure sustainable growth within the healthcare and wellness property market.