HealthCo REIT Reports Valuation Update and Distribution

HealthCo Healthcare & Wellness REIT (AU:HCW) has released an update.

HealthCo Healthcare & Wellness REIT has reported a preliminary unaudited portfolio valuation of $1.587 billion, reflecting a net valuation impact of -0.9% due to capitalisation rate changes, but supported by strong net operating income growth. Despite this, the company has declared a quarterly distribution of 2.1 cents per unit, bolstered by the ongoing full rental payments from Healthscope, a major private hospital operator. The REIT also reaffirmed its FY25 guidance with expectations of a 5% year-on-year growth in distributions, emphasizing robust asset valuations and operating fundamentals.

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