HealthCo Healthcare and Wellness REIT (ASX:HCW)

Half Year 2025 Healthco Healthcare and Wellness Reit Earnings Call Transcript

Feb 13, 2025 / 11:00 PM GMT

Release Date Price: A$0.98 (+2.08%)

Transcript

Key Points

Positve

HealthCo Healthcare and Wellness REIT (ASX:HCW) delivered a 5% earnings growth compared to the first half of FY24.
The company achieved 100% cash rent collection, indicating strong operational performance.
HealthCo's portfolio is diversified across hospitals, primary and specialty care, aged care, and government and life sciences, providing income growth and security.
The company has a strong balance sheet with gearing at 32.4%, which is at the lower end of their target range.
HealthCo reaffirmed its guidance for FY25, with FFO per unit of $0.08 and DPU of $0.08, demonstrating confidence in future performance.

Negative

There is increased market speculation and unit price volatility surrounding Healthscope, which represents 59% of HCW's income.
The company faces challenges with Healthscope's capital structure, which needs rectification despite operational performance being strong.
HealthCo sold childcare assets at a 5% discount to book value, indicating potential challenges in achieving desired asset sale prices.
The company is managing development rollouts cautiously due to the current market situation, which may impact growth opportunities.
Concerns were raised about potential conflicts of interest if HMC Capital's consortium, which includes HCW, were to acquire Healthscope.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HCW.AX - Healthco Healthcare and Wellness Reit
Half Year 2025 Healthco Healthcare and Wellness Reit Earnings Call
Feb 13, 2025 / 11:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by and welcome to the Health Healthcare and Wellness Re FY25 half year results briefing. All participants are in a listen-only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad. I would now like to hand the conference over to Mr. Sid Sharma, HMC Capital Managing director, real estate. Please go ahead.

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Unidentified_2 [2]
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Good morning everyone and

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