HomeCo Daily Needs REIT ( (AU:HDN) ) has provided an update.
HomeCo Daily Needs REIT has announced a fund payment notice for the quarter ended 31 December 2024, with a total cash distribution rate of 2.125 cents per unit. This announcement reflects HDN’s ongoing strategy to deliver consistent returns to its investors, emphasizing its role as a key player in the Australian real estate market. The distribution includes a fund payment component of 2.491303 cents per unit, and the trust intends to operate as an attribution managed investment trust for the year ending June 2025. This financial update signifies HDN’s healthy standing in the real estate sector, aiming to maintain investor confidence and strategic growth.
More about HomeCo Daily Needs REIT
HomeCo Daily Needs REIT (HDN) is an Australian Real Estate Investment Trust listed on the ASX, focusing on investments in convenience-based assets across Neighbourhood Retail, Large Format Retail, and Health & Services. The trust aims to provide unitholders with consistent and growing distributions, holding approximately $4.9 billion in assets across key metropolitan areas in Australia. Additionally, HDN is a strategic investor in the Last Mile Logistics fund, targeting core plus transition assets for essential last mile real estate infrastructure.
YTD Price Performance: 5.70%
Average Trading Volume: 3,680,213
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$2.51B
Learn more about HDN stock on TipRanks’ Stock Analysis page.