FINWIRES · TerminalLIVE
FINWIRES

HealthCo Healthcare and Wellness REIT Begins Tenant Covenant Quality Uplift, Says Jefferies

By

HealthCo Healthcare and Wellness REIT (ASX:HCW) is seeing the beginning of a material uplift in tenant covenant quality through a lease transfer to a state government-backed counterparty, signaling potential dividend reinstatement, Jefferies said in a note on Thursday.

The company disclosed Thursday that troubled hospital operator Healthscope, from which HealthCo owns 11 private hospitals, reached an agreement to surrender its existing lease of Mount Private Hospital in Western Australia to Bethesda Health Care.

This update provides clearer timing on Healthscope's restructuring process, the investment firm said.

Jefferies said the REIT appears undervalued, trading at a 53% discount to net tangible assets, and sees potential for dividend reinstatement in fiscal year 2027.

The brokerage maintained a hold rating on HealthCo Healthcare and Wellness REIT with a price target of AU$0.75.

Related Articles

Asia

Argosy Minerals Achieves 99% Lithium Chloride Purity in Test Work at Argentina Project

Argosy Minerals (ASX:AGY) said test work at its 12,000 tonnes per annum Rincon lithium project in Argentina achieved a lithium chloride purity of 99% and maximum lithium yield of more than 94%, according to a Friday filing with the Australian bourse.The company's concentrated lithium brine was used to produce lithium chloride concentrate using a designated process technology in test work that comprised continuous pilot scale operations.The test work confirms "technical feasibility of the process technology and clear potential for industrial scaling, with results verifying that a longer operation time simultaneously improves system recovery, purity and stability," Argosy Minerals said.

$ASX:AGY
Asia

Foley Wines Posts 7% Fall in 2026 Harvest

Foley Wines (NZE:FWL) completed its harvest for the 2026 vintage, with total production falling 7% year on year to 8,012 tonnes from 8,638 tonnes across its Marlborough, Martinborough, and Central Otago wineries, according to a Friday New Zealand bourse filing.

$NZE:FWL
Asia

Bravura Solutions CFO to Step Down

Bravura Solutions (ASX:BVS) said that Chief Financial Officer Neil Montford will step down, effective Aug. 14, according to a Friday filing with the Australian bourse.The company will launch a global search to select its next CFO, the filing added.

$ASX:BVS