Home Consortium has released its maiden full-year FY20 results

Home Consortium has released its maiden full-year FY20 results

Home Consortium has released its maiden full-year FY20 results announcing it has delivered on prospectus forecasts and confirms the next stage of its growth strategy

Key highlights:

▪ FY20 pro-forma Freehold FFO 13% ahead of prospectus forecast

▪ 99% of FY20 COVID-19 tenant relief agreed and documented

▪ 91% cash collection in Jul-20 and similar collections expected for August

▪ $1.2bn AUM across 36 assets reflecting 30% growth in AUM since IPO

▪ 47% exposure to defensive Daily Needs and Healthcare & Wellness service tenants

Executive Chairman and CEO, Mr David Di Pilla, said “It is pleasing for our maiden full-year reporting period to present such a strong set of results which deliver against our prospectus forecasts. The strength of our portfolio has been highlighted by our portfolio valuations increasing 5.2% since Dec-19. We have also demonstrated our ability to proactively and effectively manage the uncertainty caused by COVID-19 by documenting 99% of FY20 COVID-19 tenant relief. Importantly, through the recently announced acquisitions of three Woolworths anchored centres, Parafield and Aurrum Erina we have increased our exposure to Daily Needs and Healthcare & Wellness services tenants to 47%.”

Related

HMC Capital Establishes Private Credit Platform & Equity Raising
ASX Announcement Media Announcement HMC Capital Partners Fund Private Credit

HMC Capital Establishes Private Credit Platform & Equity Raising

The Hon. Julia Gillard AC to Chair HMC Energy Transition Fund
ASX Announcement Media Announcement HMC Capital Partners Fund Energy Transition Corporate

The Hon. Julia Gillard AC to Chair HMC Energy Transition Fund

HMC Capital announces new Energy Transition platform
ASX Announcement HMC Capital Partners Fund Energy Transition ESG

HMC Capital announces new Energy Transition platform