Hi everyone, Health Co will present to the broker next Monday, please share if you have any good idea, thanks.
Home Consortium Limited (“HomeCo”) is establishing a new REIT to be known as the HealthCo REIT (“HealthCo”). HealthCo will be an Australian Real Estate Investment Trust listed on the ASX that will target a diversified portfolio of health, wellness and government services assets. The portfolio will be underpinned by attractive growth megatrends in the aged care, childcare, primary care, hospitals, life sciences and government sectors. Investment HighlightsHigh quality, national portfolio of diversified healthcare, wellness, and government services assets.Growing and stable distributions with a 4.5% distribution yield in FY22, mostly tax deferred in FY22.Solid growth outlook with attractive lease structures with embedded rental growth (including fixed and CPI escalations), value enhancing developments and site optimisation in an opportunistic sector.~96% occupancy from high quality operators with a WALE of 9.4 yearsExposure to powerful long-term secular themes and growth megatrendsConservative capital structure with gearing level of ~0% at IPO providing ~$400 million of balance sheet capacity to fund earnings and value accretive growthSubstantial manager (HomeCo) co-investmentHighly experienced governance and advisory board with a demonstrated track record of value-add portfolio management and returns.Dedicated committee focused on driving measurable ESG outcomes
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