ABOUT US
  •  
    About the Fund
  •  
    About the Responsible Entity
  •  
    Board of Directors
  •  
    Corporate governance
  •  
    About the Manager
  •  
    Management team

About the Fund

Generation Healthcare REIT™ (ASX code: GHC) is Australia’s only healthcare ASX listed real estate investment trust. The portfolio of ten properties includes hospitals, medical centres, laboratories and other purpose-built healthcare facilities. The Fund partners with high quality healthcare tenants with strongly diversified income streams. The Fund has total assets under management of $246.5 million with investments located in Victoria, Queensland and New South Wales.

The strategy of the Fund is to:

  • Own quality healthcare-related real estate over the long term that will add value and provide strong risk adjusted returns for the Fund’s investors;
  • Partner with high quality healthcare tenants, providing secure, long term cash flows; and
  • Deliver a value-adding philosophy, consistently seeking ways of improving the Fund’s existing assets and sourcing other high quality opportunities for the Fund. With Management’s depth of experience and track record of success within the sector, we are able to leverage opportunities to add value to the Fund and its investors.

Key features

  • Healthcare property has low volatility and is typically less cyclical than other property classes, providing attractive risk-adjusted returns for investors.
  • Demand for health services is growing due to an ageing population, increased life expectancy and advances in medical technology, providing further opportunity in the sector.

Key data as at 31 December 2013

Overview  
Number of properties 10
Assets under management $246.5 million
Major tenants Epworth Foundation, Australian Red Cross Blood Service, Healthscope Limited, Melbourne Health, Independent Practitioner Network, Pacific Smiles and Pulse Health Limited
Number of tenants 851
Weighted average lease expiry 11.7 years
Net lettable area 65,594m²
Occupancy (by income) 98.7%
Weighted average capitalisation rate 8.52%

1. Includes restructure and consolidation of 12 Healthscope leases into one single lease at Pacific Private.