HealthCo Healthcare & Wellness REIT (2024)

HealthCo Healthcare & Wellness REIT is a real estate investment trust listed on the ASX with a mandate to invest in Hospitals; Aged Care; Childcare; Government, Life Sciences & Research; and Primary Care & Wellness property assets, as well as other healthcare and wellness property adjacencies. The REIT’s objective is to provide Unitholders with exposure to a diversified portfolio underpinned by attractive megatrends, targeting stable and growing distributions, long-term capital growth and positive overall environmental and social impact.

Diversified portfolio underpinned by attractive megatrends, targeting stable and growing distributions, long-term capital growth and positive environmental and social impact.

HealthCo Healthcare & Wellness REIT (1)

$1.6 billion

Assets under management

HealthCo Healthcare & Wellness REIT (2)



HealthCo Healthcare & Wellness REIT (3)



HealthCo Healthcare & Wellness REIT (4)

12.3 years


Key Portfolio Metrics

Portfolio value





12.3 years



Fixed WARR


Future Development Pipeline


Total portfolio

Portfolio value: $1.6bn
Tenants: >100
New South Wales
Western Australia

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Announcements & Reports

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  • ASX Announcements
  • Financial Reports / Presentations

ASX Announcements

  • TitleDate
  • Update - Notification of buy-back - HCW
  • Update - Notification of buy-back - HCW
  • Update - Notification of buy-back - HCW
  • Update - Notification of buy-back - HCW
  • Update - Notification of buy-back - HCW

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Financial Reports / Presentations

  • TitleDate
  • HCW 1H FY24 Results Presentation
  • HCW 1H FY24 Results Announcement
  • Annual Report 2023
  • Sustainability Report 2022
  • FY22 Financial Results Presentation

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The Team


HealthCo Healthcare & Wellness REIT (5)

Joseph Carrozzi AM


HealthCo Healthcare & Wellness REIT (6)

David Di Pilla


HealthCo Healthcare & Wellness REIT (7)

Stephanie Lai

Non-Executive Director, Chair of Audit and Risk Committee

HealthCo Healthcare & Wellness REIT (8)

Natalie Meyenn

Non-Executive Director

HealthCo Healthcare & Wellness REIT (9)

The Hon. Kelly O'Dwyer

Non-Executive Director

HealthCo Healthcare & Wellness REIT (10)

Dr Chris Roberts AO

Non-Executive Director


HealthCo Healthcare & Wellness REIT (11)

Advisory Panel

Management Team

HealthCo Healthcare & Wellness REIT (13)

Christian Soberg

Senior Portfolio Manager - HealthCo

HealthCo Healthcare & Wellness REIT (14)

Andrew Boustred

Development Director

HealthCo Healthcare & Wellness REIT (15)

Clare Chapman

Head of Property Finance

HealthCo Healthcare & Wellness REIT (16)

Jennie Bian

Senior Legal Counsel and Assistant Company Secretary

HealthCo Healthcare & Wellness REIT (17)

Our Commitment

As an owner, developer and manager of long duration assets we are committed to sustainable practices that drive long term value creation and achieve a positive impact on the communities in which we operate.

Find out more about our commitment to sustainability

Latest News & Insights

HealthCo Healthcare & Wellness REIT (18)

ASX AnnouncementHealthCo Healthcare & Wellness REITHMC Capital Partners FundReal Estate

HealthCo Healthcare & Wellness REIT - 1H FY24 Results

HealthCo Healthcare & Wellness REIT (19)

InsightsHealthCo Healthcare & Wellness REITHMC Capital Partners FundUnlisted Healthcare & Life Sciences FundReal Estate

Why Healthcare Real Estate?

HealthCo Healthcare & Wellness REIT (20)

ASX AnnouncementHealthCo Healthcare & Wellness REITHMC Capital Partners Fund

HMC Capital grows assets under management to $7.5 billion

HealthCo Healthcare & Wellness REIT (21)

ASX AnnouncementHealthCo Healthcare & Wellness REITHMC Capital Partners FundReal Estate

HMC Capital completes over $320m of transactions

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Investor Information


HealthCo Healthcare and Wellness REIT

Business Established:



The Australian Stock Exchange (ASX)
Exchange Centre, 20 Bridge Street, Sydney NSW 2020
The units are listed under ASX code: HCW

Registered Office:

Level 7, 1 Macquarie Place, Sydney NSW 2000
Telephone: 1300 466 326

Board of Directors:

Joseph Carrozzi AM - Chair
David Di Pilla - Director
Stephanie Lai - Non-Executive Director, Chair of Audit and Risk Committee
Natalie Meyenn -Non-Executive Director
The Hon Kelly O’Dwyer - Non-Executive Director
Dr Chris Roberts AO - Non-Executive Director

Share Registry:

Link Market Services
Level 12, 680 George Street
Sydney NSW 2000
Telephone: 8280 7100 (within Australia)
+61 2 8280 7100 (outside Australia)

Company Secretary:

Andrew Selim - General Counsel and Company Secretary



KPMG Australia Pty Limited
Level 38, Tower 3, International Towers Sydney
300 Barangaroo Avenue
Sydney NSW 2000

Media Enquiries:

John Frey
P: 0411 361 361

Annual Tax Statements

HCW Funds Management Limited as trustee for HealthCo Healthcare and Wellness REIT has elected to apply the Attribution Managed Investment Trust (AMIT) regime under Division 276 of the Income Tax Assessment Act 1997 to HCW.

Attribution Managed Investment Trust Member Annual Statements (Annual Tax statements) are issued to investors at the end of each financial year in September. HCW has produced a taxation guide to assist Australian resident individuals who hold their HCW units on capital account to complete their Australian income tax return. The guide is general in nature and should not be relied on, and does not constitute taxation advice. If you require any further information about your tax affairs or the completion of an Australian income tax return, you should consult a professional tax adviser.

Copies of the Annual Tax Statement and Tax Guide can be downloaded from theLink Investor Centrewebsite.

  • HCW Periodic Statement - 30 June 2023
  • HCW Periodic Statements - 30 June 2022

HealthCo Heathcare and Wellness REIT (ASX: HCW) has established a Distribution Reinvestment Plan (DRP) which allows you to have either all or part of your distributions reinvested in additional units in HCW without incurring brokerage, rather than having your distributions paid to you. You can elect to participate in the DRP at any time. In order to participate in the DRP for the next quarterly distribution, you will need to ensure your DRP participation notice is received, or your online election is made, by no later than 5pm (AEST) on the Last Election Date for the distribution. The Last Election Date will be notified to the ASX and posted on HCW's website when the next distribution is announced.

HCW recommends you seek financial advice and read the full terms and conditions set out in the DRP Rules provided below before deciding whether to participate.

To elect to participate in the DRP, please visit the Link Market Services Investor Centre

When you visit the Link Investor Centre, you will need your Security Reference Number (SRN) or Holder Identification Number (HIN) to verify your identity. Your SRN/HIN is available on your holding/transaction and distribution statements.

Choose ‘Payments & Tax’ at the top of the screen and follow the prompts for Reinvestment Plans. Please note that you will need to create a Portfolio to allow you to elect to participate in the DRP through the Link Market Services Investor Centre, this can be done by following the onscreen prompts.

For all other questions, please contact the Registry:

Link Market Services
Locked Bag A14
Sydney South NSW 1235
P:+61 1300 554 474(toll free within Australia)
F: +61 2 9287 0303

  • HCW Distribution Reinvestment Plan Rules
  • HCW DRP Information Booklet
JefferiesSholto Maconochie
Morgan StanleySimon Chan
MacquarieDavid Pobucky
MorgansFiona Buchanan
Bell PotterAndy MacFarlane

HealthCo Healthcare & Wellness REIT (ASX: HCW) is followed by the analysts listed above. This is not a complete list of every analyst that follows the company’s securities. Only those analysts that have provided their consent to have their details disclosed on this page are listed above. Any opinions, forecasts and estimates regarding HCW's performance made by these analysts are theirs alone and are made independently of HCW. They do not represent opinions, forecasts, estimates or predictions of HCW or its management. HCW does not by its reference to the analyst details above imply its endorsem*nt of or agreement with any information, conclusion or recommendations made by an analyst. HCW does not provide any assurance that information stated in any analyst report is correct.

  • Corporate Governance Statement
  • Whistleblower Policy
  • Unitholder Communication Policy
  • Related Party Transactions Protocol
  • Privacy Policy
  • Policy on Non-Audit Services Provided by the Independent External Auditors
  • Investment Committee Charter
  • HMC Capital Securities Trading Policy
  • HMC Capital Diversity Policy

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HMC Capital takes all complaints seriously. Every complaint will be:

  1. acknowledged quickly;
  2. investigated objectively and impartially and will be considered on their merits considering the individual circ*mstances and needs of the complainant;

Following investigation, we will:

  1. notify the complainant of our findings and any actions we have taken or plan to take regarding the complaint;
  2. amend our business practices or policies, where appropriate; and
  3. record the complaint for audit and continuous improvement opportunities.

We aim to resolve your complaint in a timely and efficient manner. Where required in accordance with our internal procedures, we will provide a written response to you within 30 days of your complaint being received. If we resolve your complaint within 5 business days of receipt, we will generally not provide you with a written response unless you ask for one. If your complaint is particularly complex, or there are relevant circ*mstances outside our control, we will provide you with a delay notification within 30 days of your complaint being received. This delay notice will set out our reasons for the delay in providing a written response and your right to escalate the complaint to Australian Financial Complaints Authority (AFCA).

If you wish to make a complaint, please Please let us know if you require assistance to make a complaint, including by another means, in another language or if you required a printed version of this document.

If your complaint relates to an investment product or service and has not been resolved within 30 days, or you are not satisfied with the process followed, you may seek assistance from AFCA.

AFCA is a free and independent dispute resolution service that considers complaints about financial service providers and their affiliates operating in Australia. AFCA can investigate disputes that fall within their Terms of Reference and make decisions that are binding on the financial services provider. Contact details for AFCA are:

GPO Box 3
Melbourne VIC 3001 (Australia)

1800 931 678

HealthCo Healthcare & Wellness REIT (2024)


What is the forecast for healthcare REIT? ›

Based on 7 Wall Street analysts offering 12 month price targets for American Healthcare REIT, Inc. in the last 3 months. The average price target is $16.14 with a high forecast of $18.00 and a low forecast of $15.00. The average price target represents a 5.18% change from the last price of $15.35.

Is HCW a good investment? ›

HCW has upside potential of 40% compared to the average analyst price target. HCW's short-term assets (32m AUD) exceed its short-term liabilties (28m AUD). HCW's ROIC (Return on Invested Capital) for the past 12 months is very low and is equal to 4%.

Are healthcare REITs a good investment? ›

Investing in certain types of REITs, such as those that invest in hotel properties, is not a great choice during an economic downturn. Investing in other types of real estate such as healthcare facilities or retail is a great way to hedge against a recession.

What is the best time to buy REITs? ›

Historically, REITs tend to deliver their highest returns during early stages of the real estate recovery cycle, according to research from Nareit, an association representing the REIT industry. That could spell a strong performance for REITs moving forward.

What is HCW price target? ›

The average one-year price target for HCW Biologics Inc. is $4.08. The forecasts range from a low of $4.04 to a high of $4.2. A stock's price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings.

What are the best healthcare stocks to buy? ›

10 Best Health Care Stocks to Buy for 2024
StockImplied upside*
Eli Lilly & Co. (ticker: LLY)11.9%
Merck & Co. Inc. (MRK)14.5%
AbbVie Inc. (ABBV)14.9%
Thermo-Fisher Scientific Inc. (TMO)13.6%
6 more rows
Jun 18, 2024

Which healthcare fund is best? ›

Top schemes of Sectoral-Pharma Mutual Funds sorted by Returns
  • Tata India Pharma & HealthCare Fund. ...
  • Mirae Asset Healthcare Fund. ...
  • Nippon India Pharma Fund. ...
  • UTI Healthcare Fund. ...
  • Aditya Birla Sun Life Pharma & Healthcare Fund. ...
  • HDFC Pharma And Healthcare Fund. Unranked. ...
  • Kotak Healthcare Fund. Unranked. ...
  • Quant Healthcare Fund. Unranked.

What is the target healthcare REIT forecast? ›

The analyst consensus target price for shares in Target Healthcare Reit is 99.50p. That is 23.76% above the last closing price of 80.40p.

Is impact healthcare REIT a buy or sell? ›

Is Impact Healthcare REIT PLC a Buy, Sell or Hold? Impact Healthcare REIT PLC has a consensus rating of Moderate Buy, which is based on 1 buy ratings, 0 hold ratings and 0 sell ratings. What is Impact Healthcare REIT PLC's share price target? The average share price target for Impact Healthcare REIT PLC is 114.00p.

Is Sabra Healthcare REIT a buy or sell? ›

Is SBRA a Buy, Sell or Hold? Sabra Healthcare REIT has a consensus rating of Moderate Buy which is based on 3 buy ratings, 5 hold ratings and 0 sell ratings. What is Sabra Healthcare REIT's price target? The average price target for Sabra Healthcare REIT is $15.86.

Is Healthcare Realty Trust a good stock to buy? ›

Based on analyst ratings, Healthcare Realty Trust's 12-month average price target is $17.00. Healthcare Realty Trust has 3.16% upside potential, based on the analysts' average price target. Healthcare Realty Trust has a consensus rating of Hold which is based on 1 buy ratings, 4 hold ratings and 0 sell ratings.


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