HomeCo Daily Needs REIT (ASX:HDN) has reported a preliminary unaudited portfolio valuation gain of AU$92 million, or 1.8%, as at June 30, increasing the value of its portfolio to AU$5.19 billion from AU$5.1 billion at Dec. 31, 2025, primarily driven by net operating income growth, according to a Tuesday Australian bourse filing.

Valuations were completed for all 46 wholly owned properties: 19 assets were independently valued, and the remaining 27 were valued internally, per the filing.

The company maintained a solid balance sheet, with gearing positioned at the midpoint of its 30% to 40% target range, and reaffirmed its fiscal year 2026 distribution guidance of AU$0.086 per unit and funds from operations of AU$0.09 per unit, the filing said.

The company declared a dividend of AU$0.0215 per share for the quarter ending June 30, payable Aug. 21 to shareholders on record as of June 30, the filing added.

The company paid a dividend of AU$0.02125 per share in the prior corresponding period, an earlier filing showed.