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The latest announcement is out from HomeCo Daily Needs REIT ( (AU:HDN) ).
HomeCo Daily Needs REIT announced a Distribution Reinvestment Plan (DRP) issue price of $1.20 per unit for the quarter ending 31 March 2025. This move is in line with the DRP Rules and reflects HDN’s commitment to providing consistent and growing distributions to its unitholders. The issuance of DRP units, scheduled for 22 May 2025, will rank equally with existing securities, potentially enhancing HDN’s market positioning and offering benefits to stakeholders through increased investment in convenience-based assets.
More about HomeCo Daily Needs REIT
HomeCo Daily Needs REIT (HDN) is an Australian Real Estate Investment Trust listed on the ASX, focusing on convenience-based assets in Neighbourhood Retail, Large Format Retail, and Health & Services sectors. With approximately $4.9 billion in total assets, HDN operates across major metropolitan areas in Australia and is a strategic investor in the Last Mile Logistics unlisted fund.
YTD Price Performance: 6.70%
Average Trading Volume: 3,844,946
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$2.56B
Learn more about HDN stock on TipRanks’ Stock Analysis page.