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HealthCo Healthcare & Wellness REIT ( (AU:HCW) ) has issued an update.
HealthCo Healthcare and Wellness REIT reported a significant financial decline for the half-year ending December 2024, with a 30% decrease in revenue and a 208% increase in losses compared to the previous year. Despite the financial downturn, the company declared interim distributions for its unitholders, and the net tangible assets per unit slightly decreased. The company’s involvement in joint ventures contributed marginally to profits, and their financial statements received an unqualified review from KPMG.
More about HealthCo Healthcare & Wellness REIT
HealthCo Healthcare and Wellness REIT operates within the healthcare and wellness real estate investment trust sector, focusing on investing in properties related to healthcare and wellness facilities.
YTD Price Performance: -5.88%
Average Trading Volume: 1,510,252
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$538.6M
For an in-depth examination of HCW stock, go to TipRanks’ Stock Analysis page.
