HomeCo Daily Needs REIT Sees $131 Million Valuation Boost

HomeCo Daily Needs REIT (AU:HDN) has released an update.

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.

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