HealthCo Healthcare and Wellness REIT narrows FY26 net loss
- HealthCo Healthcare & Wellness REIT narrowed its net loss to $49.7 million in fiscal 2026.
- Funds from operations reached 4 cents per unit with underlying funds from operations at 7.7 cents per unit.
- Management focused the period on advancing the resolution of the Healthscope situation while maintaining disciplined balance sheet management.
HealthCo Healthcare and Wellness REIT (ASX:HCW) narrowed its net loss to $49.7 million in fiscal 2026, down from $89.3 million a year prior, while skipping distributions as the Healthscope situation remains unresolved.
Managed by HMC Capital, the company flagged funds from operations of at least 4 Australian cents per share for the next financial year and a distribution per unit of 6 Australian cents in fiscal 2027, subject to a resolution with Healthscope.
The company maintained an occupancy rate of 99% across its operating assets while keeping gearing at 29%, which sits below its target range.
The firm reported funds from operations of 4 cents per unit alongside an underlying funds from operations figure of 7.7 cents per unit.
Net tangible assets were recorded at $1.35 per unit, backed by cash and undrawn debt totalling $158 million and a weighted average lease expiry of 10.6 years.
Following the announcement, the HealthCo Healthcare & Wellness REIT share price was up at $0.72.
