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