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HomeCo Daily Needs REIT ( (AU:HDN) ) has issued an announcement.
HomeCo Daily Needs REIT reported growth in funds from operations for the first half of FY25, attributed to strategic asset recycling and a strong development pipeline. The company reaffirmed its FY25 guidance with expected growth in both funds from operations and distributions, highlighting its strong financial positioning and operational execution. Board changes were also announced, with Zac Fried appointed as a Non-Executive Director, following Greg Hayes’ retirement.
More about HomeCo Daily Needs REIT
HomeCo Daily Needs REIT operates in the Australian real estate sector, focusing on acquiring, managing, and developing high-quality daily needs assets. The company aims to maintain a robust portfolio through strategic asset sales and reinvestment, ensuring strong earnings growth and differentiation in the market.
YTD Price Performance: 5.26%
Average Trading Volume: 3,410,433
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$2.47B
For an in-depth examination of HDN stock, go to TipRanks’ Stock Analysis page.
