HealthCo Healthcare and Wellness REIT (ASX:HCW) Shares Outstanding (Basic Average): 550.18 Mil (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ASX:HCW HealthCo Healthcare and Wellness REIT ASX:HCW
37 GF Score
Price A$0.71
GF Value A$0.99
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is HealthCo Healthcare and Wellness REIT Shares Outstanding (Basic Average)?

HealthCo Healthcare and Wellness REIT ASX:HCW +2.17% 37 Shares Outstanding (Basic Average) is 550.18 Mil as of Dec. 2025. GuruFocus rates ASX:HCW with a GF Score™ of 37/100 and a GF Value™ of A$0.99 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. HealthCo Healthcare and Wellness REIT's average basic shares outstanding for the quarter that ended in Dec. 2025 was 550.18 Mil.


HealthCo Healthcare and Wellness REIT  (ASX:HCW) Shares Outstanding (Basic Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.


Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.


HealthCo Healthcare and Wellness REIT Shares Outstanding (Basic Average) Related Terms


HealthCo Healthcare and Wellness REIT Shares Outstanding (Basic Average) Historical Data

* Premium members only.

The historical data trend for HealthCo Healthcare and Wellness REIT's Shares Outstanding (Basic Average) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

HealthCo Healthcare and Wellness REIT Shares Outstanding (Basic Average) Chart

HealthCo Healthcare and Wellness REIT Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Shares Outstanding (Basic Average)
331.38 371.59 566.90 554.77

HealthCo Healthcare and Wellness REIT Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Shares Outstanding (Basic Average) Get a 7-Day Free Trial Premium Member Only 566.42 567.39 559.29 550.25 550.18
ASX:HCW
37GF Score
HealthCo Healthcare and Wellness REIT ASX:HCW
Shares Outstanding (Basic Average) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HealthCo Healthcare and Wellness REIT Shares Outstanding (Basic Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (Basic Average) of 550.18 Mil mean?
HealthCo Healthcare and Wellness REIT (ASX:HCW) has a Shares Outstanding (Basic Average) of 550.18 Mil as of Dec. 2025. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on HealthCo Healthcare and Wellness REIT and its competitors.
Is HealthCo Healthcare and Wellness REIT's Shares Outstanding (Basic Average) too high?
HealthCo Healthcare and Wellness REIT's current Shares Outstanding (Basic Average) is 550.18 Mil. Overall, HealthCo Healthcare and Wellness REIT has a GF Score™ of 37/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HealthCo Healthcare and Wellness REIT's Shares Outstanding (Basic Average) compare to WELL and VTR?
HealthCo Healthcare and Wellness REIT's Shares Outstanding (Basic Average) of 550.18 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (Basic Average) for a REITs company?
A good Shares Outstanding (Basic Average) depends on the REITs industry context. However, Shares Outstanding (Basic Average) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on HealthCo Healthcare and Wellness REIT and its competitors. HealthCo Healthcare and Wellness REIT's current Shares Outstanding (Basic Average) is 550.18 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HealthCo Healthcare and Wellness REIT stock overvalued right now?
Based on GuruFocus' analysis, HealthCo Healthcare and Wellness REIT (ASX:HCW) is currently considered Modestly Undervalued. The stock's GF Value™ is A$0.99, compared to a current price of A$0.71 — trading 28.8% below its estimated fair value. The current Shares Outstanding (Basic Average) is 550.18 Mil. HealthCo Healthcare and Wellness REIT's overall GF Score™ is 37/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For HealthCo Healthcare and Wellness REIT (ASX:HCW), the current Shares Outstanding (Basic Average) is 550.18 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is HealthCo Healthcare and Wellness REIT (ASX:HCW) Overvalued in 2026?

Based on GuruFocus' analysis, HealthCo Healthcare and Wellness REIT stock appears to be undervalued. The current stock price of A$0.71 is trading 28.8% below its estimated GF Value™ of A$0.99. GuruFocus considers HealthCo Healthcare and Wellness REIT to be Modestly Undervalued.

Key valuation signals for ASX:HCW:

  • Shares Outstanding (Basic Average): 550.18 Mil
  • GF Value™: A$0.99 vs. price of A$0.71 (28.8% below fair value)
  • GF Score™: 37/100 with 5 warning signs

No single metric tells the full story. See the ASX:HCW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HealthCo Healthcare and Wellness REIT Business Description

Industry Real EstateREITs
Address 1 Macquarie Place, Level 7, Gateway, Sydney, NSW, AUS, 2000
HealthCo Healthcare and Wellness REIT are owning and managing a portfolio of commercial health and wellness real estate assets. It invests in high conviction and scalable real asset strategies on behalf of individuals, large institutions and super funds.
37GF Score

Get the complete analysis for ASX:HCW

Shares Outstanding (Basic Average) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$0.71
Price
A$0.99
GF Value