HealthCo Healthcare & Wellness REIT (AU:HCW) has released an update.
HealthCo Healthcare & Wellness REIT (HCW), a leading diversified healthcare REIT in Australia, reported a significant increase in revenue by 50% to $73.8 million, yet a 66% decline in profits after tax to $6.9 million for the fiscal year ended June 30, 2024. Despite the mixed financial performance, the company maintained steady interim and final distributions of 2 cents per unit throughout the year. HCW aims to offer investors stable growth and exposure to healthcare sector trends through its $1.6 billion property portfolio.
For further insights into AU:HCW stock, check out TipRanks’ Stock Analysis page.
