Price Target Changed • Mar 24
Price target decreased by 9.0% to AU$0.85 Down from AU$0.93, the current price target is an average from 6 analysts. New target price is 39% above last closing price of AU$0.61. Stock is down 34% over the past year. The company is forecast to post a net loss per share of AU$0.028 next year compared to a net loss per share of AU$0.16 last year. Reported Earnings • Feb 18
First half 2026 earnings released: FFO per share: AU$0.02 (vs AU$0.042 in 1H 2025) First half 2026 results: FFO per share: AU$0.02 (down from AU$0.042 in 1H 2025). Revenue: AU$29.6m (up 4.6% from 1H 2025). Funds from operations (FFO): AU$12.3m (down 48% from 1H 2025). FFO margin: 42% (down from 83% in 1H 2025). Revenue is forecast to stay flat during the next 3 years compared to a 12% growth forecast for the Global Health Care REITs industry. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance. Price Target Changed • Feb 18
Price target decreased by 7.4% to AU$0.84 Down from AU$0.90, the current price target is an average from 6 analysts. New target price is 18% above last closing price of AU$0.71. Stock is down 29% over the past year. The company is forecast to post a net loss per share of AU$0.028 next year compared to a net loss per share of AU$0.16 last year. Announcement • Jan 20
HealthCo Healthcare and Wellness REIT to Report First Half, 2026 Results on Feb 17, 2026 HealthCo Healthcare and Wellness REIT announced that they will report first half, 2026 results on Feb 17, 2026 Price Target Changed • Dec 04
Price target decreased by 8.0% to AU$0.90 Down from AU$0.98, the current price target is an average from 6 analysts. New target price is 11% above last closing price of AU$0.81. Stock is down 26% over the past year. The company is forecast to post earnings per share of AU$0.063 next year compared to a net loss per share of AU$0.16 last year. Price Target Changed • Aug 17
Price target decreased by 8.5% to AU$0.95 Down from AU$1.04, the current price target is an average from 5 analysts. New target price is 17% above last closing price of AU$0.81. Stock is down 34% over the past year. The company is forecast to post earnings per share of AU$0.06 next year compared to a net loss per share of AU$0.16 last year. Reported Earnings • Aug 15
Full year 2025 earnings released: AU$0.16 loss per share (vs AU$0.012 profit in FY 2024) Full year 2025 results: AU$0.16 loss per share (down from AU$0.012 profit in FY 2024). Revenue: AU$61.5m (down 15% from FY 2024). Net loss: AU$88.8m (down AU$95.7m from profit in FY 2024). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Global Health Care REITs industry. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. Announcement • Jul 16
HealthCo Healthcare and Wellness REIT to Report Fiscal Year 2025 Results on Aug 15, 2025 HealthCo Healthcare and Wellness REIT announced that they will report fiscal year 2025 results on Aug 15, 2025 Announcement • Mar 25
HealthCo Healthcare and Wellness REIT Omits to Declare Quarterly Distribution for the Period 1 January 2025 to 31 March 2025 HealthCo Healthcare and Wellness REIT announced that further to the announcement made by the company on 4 March 2025 regarding the withdrawal of fiscal year 2025 FFO/unit and DPU guidance, the company will not declare a quarterly distribution for the period 1 January 2025 to 31 March 2025 to preserve balance sheet flexibility. Buy Or Sell Opportunity • Feb 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to AU$0.96. The fair value is estimated to be AU$1.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last year. Meanwhile, the company became loss making. Reported Earnings • Feb 18
First half 2025 earnings released: FFO per share: AU$0.04 (vs AU$0.046 in 1H 2024) First half 2025 results: FFO per share: AU$0.04. Revenue: AU$28.3m (down 28% from 1H 2024). Funds from operations (FFO): AU$23.5m (up 4.0% from 1H 2024). FFO margin: 83% (up from 57% in 1H 2024). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Global Health Care REITs industry. New Risk • Feb 15
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 101% Cash payout ratio: 300% Dividend yield: 8.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 101% Cash payout ratio: 300% Price Target Changed • Jan 28
Price target decreased by 8.8% to AU$1.14 Down from AU$1.25, the current price target is an average from 5 analysts. New target price is 22% above last closing price of AU$0.94. Stock is down 30% over the past year. The company is forecast to post earnings per share of AU$0.15 for next year compared to AU$0.012 last year. Announcement • Jan 21
HealthCo Healthcare and Wellness REIT to Report First Half, 2025 Results on Feb 14, 2025 HealthCo Healthcare and Wellness REIT announced that they will report first half, 2025 results on Feb 14, 2025 Recent Insider Transactions • Dec 21
Independent Non-Executive Director recently bought AU$102k worth of stock On the 19th of December, Stephanie Lai bought around 100k shares on-market at roughly AU$1.02 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$191k more in shares than they have sold in the last 12 months. Declared Dividend • Dec 13
Fourth quarter dividend increased to AU$0.021 Dividend of AU$0.021 is 5.0% higher than last year. Ex-date: 30th December 2024 Payment date: 26th February 2025 Dividend yield will be 8.0%, which is higher than the industry average of 5.2%. Declared Dividend • Sep 26
Fourth quarter dividend of AU$0.021 announced Shareholders will receive a dividend of AU$0.021. Ex-date: 27th September 2024 Payment date: 22nd November 2024 Dividend yield will be 7.0%, which is higher than the industry average of 5.2%. Reported Earnings • Aug 12
Full year 2024 earnings released: EPS: AU$0.012 (vs AU$0.054 in FY 2023) Full year 2024 results: EPS: AU$0.012 (down from AU$0.054 in FY 2023). Revenue: AU$73.8m (up 55% from FY 2023). Net income: AU$6.90m (down 66% from FY 2023). Profit margin: 9.3% (down from 42% in FY 2023). Revenue is forecast to stay flat during the next 3 years compared to a 7.1% growth forecast for the Global Health Care REITs industry. Announcement • Jul 24
HealthCo Healthcare and Wellness REIT to Report Fiscal Year 2024 Results on Aug 12, 2024 HealthCo Healthcare and Wellness REIT announced that they will report fiscal year 2024 results on Aug 12, 2024 Price Target Changed • Jul 22
Price target decreased by 8.9% to AU$1.45 Down from AU$1.59, the current price target is an average from 4 analysts. New target price is 29% above last closing price of AU$1.13. Stock is down 20% over the past year. The company posted earnings per share of AU$0.054 last year. Board Change • Jun 30
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 2 experienced directors. No highly experienced directors. Non-Executive Director David Di Pilla is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Declared Dividend • Jun 08
Dividend of AU$0.02 announced Dividend of AU$0.02 is the same as last year. Ex-date: 27th June 2024 Payment date: 22nd August 2024 Dividend yield will be 7.0%, which is higher than the industry average of 5.2%. Recent Insider Transactions • May 22
Independent Non-Executive Director recently bought AU$101k worth of stock On the 16th of May, Christopher Roberts bought around 85k shares on-market at roughly AU$1.18 per share. This transaction amounted to 8.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$90k more in shares than they have sold in the last 12 months. Announcement • Apr 23
HealthCo Healthcare and Wellness REIT (ASX:HCW) announces an Equity Buyback for 52,786,990 shares, representing 9.29% for AUD 50 million. HealthCo Healthcare and Wellness REIT (ASX:HCW) announces a share repurchase program. Under the program, the company will repurchase up to 52,786,990 shares, representing 9.29% of its issued share capital, for AUD 50 million. The program will be fully funded from existing cash, undrawn facilities and asset sales. The program will run through May 7, 2025. As of April 23, 2024, the company has 568,305,743 shares in issue. Announcement • Mar 21
Healthco Healthcare and Wellness Reit Declares Ordinary Distribution for the Quarter Ending 31 March 2024, Payable On or about 22 May 2024 HCW Funds Management Limited as Responsible Entity of HealthCo Healthcare and Wellness REIT has declared the quarterly distribution for the period 1 January 2024 to 31 March 2024 will be 2.000 cents per unit. Ex-distribution date is 27 March 2024, Record date is 28 March 2024, Payment date and despatch of statements On or about 22 May 2024. New Risk • Jan 22
New minor risk - Financial data availability Less than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 116% Cash payout ratio: 192% Shareholders have been substantially diluted in the past year (75% increase in shares outstanding). Minor Risks Less than 3 years of financial data is available. Profit margins are more than 30% lower than last year (42% net profit margin). Announcement • Jan 18
HealthCo Healthcare and Wellness REIT to Report First Half, 2024 Results on Feb 13, 2024 HealthCo Healthcare and Wellness REIT announced that they will report first half, 2024 results on Feb 13, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of AU$0.02 per share at 5.1% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 21 February 2024. Trailing yield: 5.1%. Lower than top quartile of Australian dividend payers (6.7%). In line with average of industry peers (4.9%). Announcement • Dec 18
HealthCo Healthcare and Wellness REIT Declares Dividend for the Period 1 October 2023 to 31 December 2023, Payable on or About 21 February 2024 HCW Funds Management Limited as Responsible Entity of HealthCo Healthcare and Wellness REIT (HCW) has declared the quarterly distribution for the period 1 October 2023 to 31 December 2023 of 2.000 cents per unit. Ex-distribution date is 28 December 2023, Record date is 29 December 2023, Payment date and despatch of statements On or about 21 February 2024. Announcement • Oct 12
HMC Capital Limited (ASX:HMC) and HealthCo Healthcare and Wellness REIT (ASX:HCW) completed the acquisition of Healthscope Portfolio from Medical Properties Trust, Inc. (NYSE:MPW). HMC Capital Limited (ASX:HMC) and HealthCo Healthcare and Wellness REIT (ASX:HCW) entered into a definitive agreement to acquire Healthscope Portfolio from Medical Properties Trust, Inc. (NYSE:MPW) for AUD 1.2 billion on March 30, 2023. Portfolio will be sold for cash proceeds of approximately AUD 1.2 billion. The transaction is subject to regulatory approvals. Transaction is expected to close in two phases with the first (and larger) phase expected to close in the second quarter and the full transaction expected to be complete by the end of 2023. Medical Properties Trust, Inc. plan to use proceeds from the sale to prepay in full the Australian term loan. As of May 24, 2023, Medical Properties completed the disposal of seven Australian hospitals from Healthscope Portfolio for AUD 730 million and expect to close the remaining AUD 470 million disposal and debt repayment during the current quarter. On June 2, 2023, Unlisted Healthcare & Life Sciences fund (UHF) to settle remaining AUD 470 million of Healthscope hospitals (Tranche 3) by Sep-23 with third party institutional capital. As of October 3, 2023, the Australian Foreign Investment Review Board has approved HMC Capital’s purchase of Medical Properties Trust, Inc’s remaining four Australian facilities for approximately AUD 470 million. The cash proceeds of approximately AUD 470 million to be immediately applied to debt reduction. The transaction is expected to close in October 2023.
Goldman Sachs & Co. LLC acted as financial advisor and Arnold Bloch Leibler acted as legal advisor to Medical Properties Trust.
HMC Capital Limited (ASX:HMC) and HealthCo Healthcare and Wellness REIT (ASX:HCW) completed the acquisition of Healthscope Portfolio from Medical Properties Trust, Inc. (NYSE:MPW) on October 11, 2023. Medical Properties Trust, Inc. closed the sale of its four remaining Australian facilities to HMC Capital at a 5.7% cash cap rate for around AUD 470 million (approximately $305 million), which will be used to reduce the balance of MPT’s revolving credit facility and to increase cash availability. On completion, Medical Properties Trust, Inc. maintains approximately $950 million of immediate liquidity, which is sufficient to address all remaining 2023 and 2024 debt maturities. Upcoming Dividend • Sep 21
Upcoming dividend of AU$0.02 per share at 5.1% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 29 November 2023. Trailing yield: 5.1%. Lower than top quartile of Australian dividend payers (7.1%). In line with average of industry peers (5.2%). Announcement • Sep 18
Healthco Healthcare and Wellness REIT Announces Dividend, Payable on 29 November 2023 HealthCo Healthcare and Wellness REIT announced dividend of AUD 0.02000000. The dividend payable on 29 November 2023, with a record date of 29 September 2023. Ex Date is 28 November 2023. New Risk • Aug 18
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 116% Cash payout ratio: 189% Shareholders have been substantially diluted in the past year (73% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (42% net profit margin). Announcement • Jul 23
HealthCo Healthcare and Wellness REIT to Report Fiscal Year 2023 Results on Aug 15, 2023 HealthCo Healthcare and Wellness REIT announced that they will report fiscal year 2023 results on Aug 15, 2023 Upcoming Dividend • Jun 22
Upcoming dividend of AU$0.02 per share at 5.7% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 30 August 2023. Trailing yield: 5.7%. Lower than top quartile of Australian dividend payers (7.5%). In line with average of industry peers (5.5%). Announcement • Jun 14
Healthco Healthcare and Wellness Reit Declares Ordinary Distribution for the Quarter Ending June 30, 2023, Payable on August 30, 2023 HealthCo Healthcare and Wellness REIT declared ordinary distribution of AUD 0.02000000 for the quarter ending March 31, 2023. Record Date is June 30, 2023. Ex date is June 29, 2023. Payment Date is August 30, 2023. Upcoming Dividend • Apr 24
Upcoming dividend of AU$0.019 per share at 11% yield Eligible shareholders must have bought the stock before 01 May 2023. Payment date: 23 June 2023. Trailing yield: 11%. Within top quartile of Australian dividend payers (7.1%). Higher than average of industry peers (5.5%). Recent Insider Transactions • Mar 08
Independent Non-Executive Director recently bought AU$256k worth of stock On the 3rd of March, Christopher Roberts bought around 160k shares on-market at roughly AU$1.60 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$384k more in shares than they have sold in the last 12 months. Upcoming Dividend • Dec 22
Upcoming dividend of AU$0.019 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 24 February 2023. Trailing yield: 5.4%. Lower than top quartile of Australian dividend payers (7.1%). Higher than average of industry peers (4.7%). Announcement • Dec 16
HealthCo Healthcare and Wellness REIT Declares Quarterly Distribution for the Period 1 October 2022 to 31 December 2022, Payable on or about 24 February 2023 HCW Funds Management Limited as Responsible Entity of HealthCo Healthcare and Wellness REIT declared the distribution for the period 1 October 2022 to 31 December 2022 will be 1.875 cents per unit. Ex-distribution date is 29 December 2022. Record date is 30 December 2022. Distribution payment date is On or about 24 February 2023. Price Target Changed • Nov 17
Price target decreased to AU$1.86 Down from AU$2.00, the current price target is an average from 4 analysts. New target price is 17% above last closing price of AU$1.59. Stock is down 26% over the past year. The company is forecast to post earnings per share of AU$0.085 for next year compared to AU$0.17 last year. Price Target Changed • Nov 16
Price target decreased to AU$1.86 Down from AU$2.00, the current price target is an average from 4 analysts. New target price is 17% above last closing price of AU$1.60. Stock is down 26% over the past year. The company is forecast to post earnings per share of AU$0.085 for next year compared to AU$0.17 last year. Announcement • Nov 15
HealthCo Healthcare and Wellness REIT (ASX:HCW) agreed to acquire Vitality Village Health Hub for AUD 28.9 million. HealthCo Healthcare and Wellness REIT (ASX:HCW) agreed to acquire Vitality Village Health Hub for AUD 28.9 million on November 15, 2022. Announcement • Sep 20
Healthco Healthcare and Wellness REIT Declares Distribution for the Period 1 July 2022 to 30 September 2022, Payable on or About 25 November 2022 HCW Funds Management Limited as Responsible Entity of HealthCo Healthcare and Wellness REIT declared that the distribution for the period 1 July 2022 to 30 September 2022 will be 1.875 cents per unit. The dividend payable on or about 25 November 2022, with a record date of 30 September 2022. Announcement • Aug 19
HealthCo Healthcare and Wellness REIT Declares Distribution for the Three Months Ended June 30, 2022, Payable on or About August 22, 2022 HealthCo Healthcare and Wellness REIT declared distribution for the three months ended June 30, 2022 of 2.25 cents per unit . The distribution will be paid on or about August 22, 2022 to unitholders registered as of record on June 30, 2022. Ex-dividend date: June 29, 2022. Announcement • Aug 12
HealthCo Healthcare and Wellness REIT Declares Final Distribution for the Period Ended 30 June 2022, Payable on August 22, 2022 HealthCo Healthcare and Wellness REIT declared Final distribution for the period ended 30 June 2022 of 2.25 cents per unit declared on 7 June 2022. The distribution will be paid on 22 August 2022 to unitholders registered on 30 June 2022. Announcement • Jul 21
HealthCo Healthcare and Wellness REIT to Report Fiscal Year 2022 Results on Aug 12, 2022 HealthCo Healthcare and Wellness REIT announced that they will report fiscal year 2022 results on Aug 12, 2022 Announcement • Jun 07
HealthCo Healthcare and Wellness REIT Declares Quarterly Distribution for the Period 1 April 2022 to 30 June 2022, Payable on or about 22 August 2022 HCW Funds Management Limited as Responsible Entity of HCW has declared the quarterly distribution for the period 1 April 2022 to 30 June 2022 of 2.25 cents per unit. Ex-distribution date is 29 June 2022. Record date is 30 June 2022 and payment date is On or about 22 August 2022. Announcement • Feb 03
Healthco Healthcare And Wellness Reit to Report First Half, 2022 Results on Feb 18, 2022 Healthco Healthcare And Wellness Reit announced that they will report first half, 2022 results on Feb 18, 2022 
