HomeCo Daily Needs REIT Records 3% Preliminary Unaudited Valuation Gain
MT Newswires Live
Jun 19
HomeCo Daily Needs REIT (ASX:HDN) recorded a preliminary unaudited valuation gain of AU$142 million as of June 30, representing a 3% rise on the Dec. 31, 2024 portfolio value, according to a Thursday Australian bourse filing.
The valuation gain consists of AU$80 million in net valuation gain and AU$63 million in predominantly development-related capital expenditure in the period, the filing said.
The real estate investment trust announced a distribution of AU$0.02125 per unit for the quarter ended June 30, payable Aug. 22 to unitholders on record as of June 30.
For fiscal 2025, the REIT continues to anticipate a dividend of AU$0.085 per unit and funds from operations of AU$0.088 per unit.
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