• Revenue from ordinary activities down 30% to $28.7m
• Loss from ordinary activities after tax increased 208% to $15.4m
• Distributions of 4.2 cents per unit declared

HealthCo Healthcare and Wellness REIT has reported its financial results for the half-year ended 31 December 2024. The group's revenue from ordinary activities declined 30% to $28.7 million, while loss from ordinary activities after tax increased 208% to $15.4 million. Funds from operations (FFO) increased 4% to $23.5 million. The group's asset recycling program resulted in a reduction in the property portfolio from 25 properties as at 30 June 2024 to 20 properties as at 31 December 2024. The group had $114.7 million in cash and undrawn debt as at 31 December 2024, with 85.1% of drawn debt hedged and a cost of debt of 5.5% per annum. The Responsible Entity announced an on-market unit buy-back of up to $50 million, with 17.8 million units purchased since the announcement. Distributions of 4.2 cents per unit were declared for the half-year.

The group recorded a loss from ordinary activities after tax of $15.4 million for the half-year ended 31 December 2024.