SOCIAL INFRASTRUCTURERTY
LISTED Convenience and large-format retail asset owner HomeCo Daily Needs REIT has seen $46 million, or 1.0% shaved off the value of its portfolio as its...
The preliminary unaudited portfolio valuation has increased by $57 million, or 1.2%, over six months to $4.734 billion net of acquisitions and transfers to assets held for...
“Strong net operating income growth across the portfolio continues to support asset values despite a modest easing in capitalisation rates,” HomeCo Daily Needs REIT CEO...
“Our continued ability to transact on assets in line with book values also reflects the quality of our metro-located portfolio and has provided valuers with the necessary evidence to...
Occupancy and cash collections exceed 99% across the portfolio, translating into re-leasing spreads of over 6.5%, whilst maintaining low incentives of about 5%...
“This is being underpinned by HDN’s exposure to a predominantly national tenant base, metropolitan locations and focus on essential retail, services, and omni-channel...
HealthCo sees valuation gain
Meanwhile, its HMC Capital stablemate, HealthCo Healthcare and Wellness REIT (HCW) saw a gain of $38.3 million, or 2.5%, in its portfolio value...
The were was a $500,000 net gain realised on HCW’s investment property portfolio, with a $37.9 million net gain realised on HCW’s equity-accounted investments...
HMC announced in September that UHF successfully secured $650 million of equity commitments including from three major global institutional investors. A fourth domestic...
“The successful establishment of the fund with major global institutional investors creates additional funding flexibility for HCW’s value accretive development pipeline...
HealthCo Healthcare & Wellness REIT chief financial officer Christian Soberg, said, “The $38 million net valuation gain reflects the high-quality nature of HCW’s portfolio...
It declared a distribution of 2.0c per unit for the December quarter and reaffirmed FY24 FFO per unit and distributions per unit guidance of 8.0c.