Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
HomeCo Daily Needs REIT ( (AU:HDN) ) just unveiled an update.
HomeCo Daily Needs REIT announced a significant gross valuation gain of $219 million, reflecting a 4.5% increase in portfolio value, driven by strong net operating income growth and cap rate tightening. The company successfully refinanced $810 million of debt, extending its maturity to July 2028, which demonstrates lender confidence in its high-quality metropolitan assets. The REIT also declared a quarterly distribution of 2.15 cents per unit and reaffirmed its FY26 distribution and funds from operations guidance, highlighting its consistent operational performance and investor demand for its retail properties.
The most recent analyst rating on (AU:HDN) stock is a Buy with a A$1.53 price target. To see the full list of analyst forecasts on HomeCo Daily Needs REIT stock, see the AU:HDN Stock Forecast page.
More about HomeCo Daily Needs REIT
HomeCo Daily Needs REIT operates in the real estate investment trust industry, focusing on daily needs retail properties. The company is known for its non-discretionary retail assets, which attract investors due to their secure investment fundamentals and high-quality tenant covenants.
Average Trading Volume: 3,777,396
Technical Sentiment Signal: Buy
Current Market Cap: A$2.84B
Find detailed analytics on HDN stock on TipRanks’ Stock Analysis page.