Centuria Healthcare Property Fund

Open-ended healthcare property fund, targeting an FY22 distribution of 5.50 cpu

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The Centuria Healthcare Property Fund is an open-ended unlisted property fund that invests in healthcare and aged care assets, managed by Centuria Property Funds.

The Fund provides an attractive risk/return profile in the healthcare sector, which has provided a high level of resilience through economic cycles. Since the Fund was launched in September 2020, it has established a portfolio of ~$350M of healthcare and aged care properties. Key features of the Fund include:
  • A diversified portfolio of 16 properties, primarily across NSW, VIC, QLD and WA.
  • Portfolio occupancy of 99%, with a long Weighted Average Lease Expiry (WALE) of 11.5 years.
  • Currently around 60% of income is through tenants providing hospital / surgery / mental health services.
  • The Fund has delivered a total return of 7.7% p.a. and an average distribution yield of 5.9% p.a since inception.
  • The Manager is targeting FY22 distributions of 5.50 cpu (annualised) with distributions paid monthly.
  • The Fund offers a quarterly withdrawal facility with no Buy/Sell Spread.
The Manager is targeting continued growth for the Fund, through acquisitions to further increase scale and diversification for investors.
Core Property has rated the Fund as RECOMMENDED.

Core Property Rating - Recommended

Fund Status - Open

This publication is not and should not be construed as, personal financial product advice, an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Any opinion contained in the Report is unsolicited general information (general financial product advice) only. Read more here.