Highlights

  • The FY26 portfolio reported 100% rent collection, 99% occupancy, and a portfolio valuation of AUD 1.34 billion.
  • HealthCo Healthcare and Wellness REIT disclosed 100% rent collection and 99% occupancy for FY26, based on portfolio definitions in its presentation.
  • Gearing was 29.0%, and the trust recorded AUD 158 million of cash and undrawn Debt facilities.

HealthCo Healthcare and Wellness REIT (ASX:HCW) was quoted at AUD 0.73, with no percentage change in the reported market trading figures. The FY26 portfolio reported 100% rent collection, 99% occupancy, and a portfolio valuation of AUD 1.34 billion. The company’s published FY26 announcement presents its property, leasing, financial and capital-management information for the reported period. Figures below follow the announcement’s stated measures and reporting basis.

Portfolio Operations

HealthCo Healthcare and Wellness REIT disclosed 100% rent collection and 99% occupancy for FY26, based on portfolio definitions in its presentation. Its weighted average Lease expiry was 10.6 years and its blended portfolio Capitalisation rate was 6.06%. Like-for-like net Operating Income increased 4.1%, excluding the expected-credit-loss provision and Assets divested during the year.

Asset Value and Financial Measures

The presentation reported an aggregate portfolio valuation of AUD 1.34 billion, comprising the trust portfolio and its 49.6% share of the unlisted healthcare and life sciences fund portfolio. Funds from operations were 4.0 cents per unit, while underlying FFO was 7.7 cents per unit using the presentation’s adjusted definition. Net tangible assets stood at AUD 1.35 per unit.

Liquidity and Capital Management

Gearing was 29.0%, and the trust recorded AUD 158 million of cash and undrawn debt facilities. Asset recycling proceeds totalled AUD 77 million. The presentation described FY26 Earnings as affected by the unlisted fund retaining cash while its Healthscope exposure was being addressed. The distinction between reported FFO and underlying FFO is relevant to the trust’s financial presentation.

Healthcare Tenancies and Outlook

The portfolio comprises healthcare and wellness facilities, with the presentation discussing tenant continuity, lease arrangements and the Healthscope situation. The operational data includes signed leases and memoranda of understanding within the weighted average lease expiry measure. The trust described steps undertaken in the Healthscope process and its capital management position; these are reported management disclosures rather than assurances about future outcomes.

Reported Position and Further Disclosures

The results distinguish operating metrics from statutory financial measures and, where applicable, adjusted or non-IFRS measures such as funds from operations. Occupancy, leasing, rental income and asset values describe different elements of HealthCo Healthcare and Wellness REIT’s operations. Forward guidance and management targets are presented as stated company expectations rather than achieved financial outcomes. The figures in the attached release refer to their respective reporting dates and should not be treated as updated trading guidance unless subsequently confirmed by the company.