HomeCo Daily Needs REIT (AU:HDN) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts and uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
HomeCo Daily Needs REIT reports a slight increase in revenue to $356.1 million but a 20% decrease in profit after tax to $82 million for the fiscal year ending June 30, 2024. The company sustained regular distributions of 2.075 cents per unit across the year and maintained a distribution reinvestment plan without any discount. Despite profitability challenges, HomeCo’s net tangible assets per unit saw a marginal decrease from $1.48 to $1.44.
For further insights into AU:HDN stock, check out TipRanks’ Stock Analysis page.