2311 GMT - HomeCo Daily Needs REIT's shares are trading close to three-year highs, despite issues affecting other property companies sponsored by HMC Capital. This rally doesn't dissuade Jefferies from starting the stock at buy, noting its enviable track record of delivering both earnings growth and operational excellence. Analyst Andrew Dodds gives several reasons why equity markets should "reward HomeCo Daily Needs REIT with the cost of capital it deserves." They include limited scope for additional manager led selldowns and a favorable hedging profile. Jefferies also likes HomeCo Daily Needs REIT's superior comparable net operating income growth and incremental earnings growth from a large pipeline of development opportunities. Jefferies has a A$1.58/share price target on HomeCo Daily Needs REIT, which is down 0.7% at A$1.375 today. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
December 03, 2025 18:11 ET (23:11 GMT)
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