HealthCo Healthcare & Wellness REIT (ASX: HCW) today released its Full Year FY24 results. HCW delivered FFO of 8.0cpu representing +16% FFOpu growth in FY24, and highlights the REIT’s operational strength and income security.

Key highlights include:

1. Jun-24 asset revaluations delivering a +2.3% increase on the Dec-23 portfolio value
2. Development projects at Springfield, Nepean, Knox and Northpark all completed in FY24
3. Executing $200m asset recycling program with $195m of assets sold broadly in-line with book value

 HMC Capital Managing Director Real Estate, Sid Sharma said, “We are pleased to provide FY25 FFO and DPU guidance of 8.4cpu, representing 5% growth over FY24 and reflective of HealthCo’s high quality asset portfolio. We continue to focus on opportunities to create value for our unitholders and address the unit price discount to NTA through proactive capital management initiatives”. 

For additional information please refer to the FY24 financial results presentation here or visit the investor centre here.