HealthCo Healthcare & Wellness REIT (AU:HCW) has released an update.
HealthCo Healthcare & Wellness REIT has reported a robust financial year for 2024, with a 16% increase in Funds From Operations per unit (FFOpu) and a 5% growth in Distribution per Unit (DPU), promising a similar growth trajectory for FY25. The company’s portfolio showcased operational strength, evidenced by 100% cash rent collection, 99% occupancy, and a weighted average lease expiry (WALE) of over 12 years. These positive results are bolstered by strategic asset sales and development completions, positioning HealthCo as a strong player in the healthcare property sector with continued growth potential.
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