HomeCo Daily Needs REIT (AU:HDN) has released an update.
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HomeCo Daily Needs REIT (HDN) has reported a solid performance for FY24, with a focus on strategic acquisitions and developments that have led to consistent occupancy rates over 99% and rent collections, as well as positive re-leasing spreads. The company successfully maintained its balance sheet strength through $420m of asset sales, reinvesting in high-quality assets with development potential. Looking forward, HDN forecasts a 2.3% growth in Funds From Operations (FFO) and a 2.4% increase in distributions for FY25.
For further insights into AU:HDN stock, check out TipRanks’ Stock Analysis page.