FY25 Results Announcement

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Stock Healthco Healthcare and Wellness REIT (HCW.ASX)
Release Time 15 Aug 2025, 7:30 a.m.
Price Sensitive Yes
 HealthCo FY25 Results Announcement
Key Points
  • FY25 FFO of 6.6cpu ($36.5m)
  • FY25 DPU of 4.2 cents
  • Jun-25 NTA/unit of $1.44
  • 98% contracted cash rent collection
  • 99% occupancy
Full Summary

HealthCo Healthcare & Wellness REIT (ASX: HCW) has released its results for the year ended 30 June 2025. Key highlights include FY25 FFO of 6.6cpu ($36.5m), FY25 DPU of 4.2 cents, Jun-25 NTA/unit of $1.44, and Jun-25 pro-forma cash and undrawn debt of $103.8m (adjusted for exchanged asset sales) with a pro-forma gearing of 31%. The portfolio maintained a high 98% contracted cash rent collection and 99% occupancy, with a +5.2% LFL NOI growth. Regarding the Healthscope situation, all 11 hospitals owned by HCW and the Unlisted Healthcare Fund (UHF) continue to operate as normal, with Healthscope paying 100% of contracted rent. HCW and UHF are working proactively with the Receiver on the current Healthscope sale process to replace Healthscope as the tenant across the portfolio. In the event the Receiver-led sale process does not result in a suitable replacement, the landlords will look to enter into final lease arrangements with alternative tenants, with conditional agreements already reached. HCW's balance sheet remains strong, and the company is focused on resolving the Healthscope situation while the remainder of the portfolio continues to perform well.

Outlook

It is expected that distributions will recommence once the Healthscope situation has been resolved. HCW does not intend to issue guidance until such time.