HealthCo Healthcare & Wellness REIT's Earnings Face Large Risk -- Market Talk

Dow Jones

Mar 05

1820 ET - HealthCo Healthcare & Wellness REIT's announcement that it has issued breach notices to Healthscope for failing to pay rent for March in full has Morgan Stanley assessing what it might mean. HCW says it has withdrawn FY 2025 guidance pending a resolution of the Healthscope tenancies. According to MS, Healthscope makes up 59% of HCW's income. "If we assume zero income from Healthscope tenanted assets, and that HMC Capital waives all management fees, FY 2026 funds from operations/security would drop to circa 1 Australian cent versus our current 8.6 cent estimate, and interest cover would be circa 1.2x versus 1.75x covenant," analyst Lauren A. Berry says. Still, HCW says it's talking to other operators about taking over the leases. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

March 04, 2025 18:20 ET (23:20 GMT)

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HCW says it has withdrawn FY 2025 guidance pending a resolution of the Healthscope tenancies. According to MS, Healthscope makes up 59% of HCW's income. \"If we assume zero income from Healthscope tenanted assets, and that HMC Capital waives all management fees, FY 2026 funds from operations/security would drop to circa 1 Australian cent versus our current 8.6 cent estimate, and interest cover would be circa 1.2x versus 1.75x covenant,\" analyst Lauren A. Berry says. Still, HCW says it's talking to other operators about taking over the leases. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 04, 2025 18:20 ET (23:20 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>HealthCo Healthcare & Wellness REIT's Earnings Face Large Risk -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHealthCo Healthcare & Wellness REIT's Earnings Face Large Risk -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-05 07:20</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1820 ET - HealthCo Healthcare &amp; Wellness REIT's announcement that it has issued breach notices to Healthscope for failing to pay rent for March in full has Morgan Stanley assessing what it might mean. HCW says it has withdrawn FY 2025 guidance pending a resolution of the Healthscope tenancies. According to MS, Healthscope makes up 59% of HCW's income. \"If we assume zero income from Healthscope tenanted assets, and that HMC Capital waives all management fees, FY 2026 funds from operations/security would drop to circa 1 Australian cent versus our current 8.6 cent estimate, and interest cover would be circa 1.2x versus 1.75x covenant,\" analyst Lauren A. Berry says. Still, HCW says it's talking to other operators about taking over the leases. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 04, 2025 18:20 ET (23:20 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HMC.AU","symbol_name":"HMC Capital Ltd","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2517593882","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2517593882","pubTimestamp":1741130400,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Copyright (c) 2025 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"HMC.AU":"HMC Capital Ltd","HCSG":"Healthcare Svcs Group Inc","REIT":"ALPS Active REIT ETF","CFA.SI":"NikkoAM-STC Asia REIT","Z4D.SI":"颐峰控股","HCW.AU":"HealthCo Healthcare and Wellness REIT"},"translate_title":"HealthCo Healthcare&Wellness REIT的盈利面临巨大风险——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"REIT":1,"HCSG":1,"CFA.SI":1,"Z4D.SI":1,"HCW.AU":0.9,"HMC.AU":0.9},"content_text":"1820 ET - HealthCo Healthcare & Wellness REIT's announcement that it has issued breach notices to Healthscope for failing to pay rent for March in full has Morgan Stanley assessing what it might mean. HCW says it has withdrawn FY 2025 guidance pending a resolution of the Healthscope tenancies. According to MS, Healthscope makes up 59% of HCW's income. \"If we assume zero income from Healthscope tenanted assets, and that HMC Capital waives all management fees, FY 2026 funds from operations/security would drop to circa 1 Australian cent versus our current 8.6 cent estimate, and interest cover would be circa 1.2x versus 1.75x covenant,\" analyst Lauren A. Berry says. Still, HCW says it's talking to other operators about taking over the leases. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 04, 2025 18:20 ET (23:20 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}