HomeCo Daily Needs REIT (AU:HDN) has released an update.
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HomeCo Daily Needs REIT has announced a $131 million increase in its portfolio valuation, marking a 3% rise since June 2024, driven by strong net operating income growth and cap rate stabilization. The REIT’s solid balance sheet is supported by a quarterly distribution of 2.125 cents per unit and reaffirmed FY25 guidance. These results highlight the growing investor interest in daily needs retail assets, positioning the REIT for future growth.
For further insights into AU:HDN stock, check out TipRanks’ Stock Analysis page.