HomeCo Daily Needs REIT (AU:HDN) has released an update.
HomeCo Daily Needs REIT reports a $77 million valuation gain for June 2024, equating to roughly a 2% boost from December 2023, driven by robust operating income and strategic capital expenditure. The company declares a quarterly distribution of 2.075 cents per unit and reaffirms its full-year distribution and funds from operations guidance. CEO Sid Sharma cites strong tenant demand and non-cyclical expenditure trends as key factors in the REIT’s growth and value creation for shareholders.
For further insights into AU:HDN stock, check out TipRanks’ Stock Analysis page.
