HomeCo Daily Needs REIT announces the preliminary unaudited valuation increase of 6.5%

HomeCo Daily Needs REIT announces the preliminary unaudited valuation increase of 6.5%

HomeCo Daily Needs REIT (ASX.HDN) is pleased to announce the preliminary unaudited valuation increase of 6.5%, equating to $84.7 million across its 27 properties.

HDN Fund Portfolio Manager Paul Doherty said: “The draft valuation result provides strong validation for HDN’s high quality and well-located portfolio which is benefitting from robust investment and occupier demand.” 

HDN provided a positive update on the seven committed development projects, with their 5 brownfield development projects substantially progressed with a forecast cash yield of 10%+.

The fund has reaffirmed FY22 FFO/unit guidance of 8.3 cents and 4Q FY21 DPU of 1.8 cents.

Related

HMC Capital Establishes Private Credit Platform & Equity Raising
ASX Announcement Media Announcement HMC Capital Partners Fund Private Credit

HMC Capital Establishes Private Credit Platform & Equity Raising

The Hon. Julia Gillard AC to Chair HMC Energy Transition Fund
ASX Announcement Media Announcement HMC Capital Partners Fund Energy Transition Corporate

The Hon. Julia Gillard AC to Chair HMC Energy Transition Fund

HMC Capital CommunityCo. Eat Up Australia partnership
Media Announcement HomeCo Daily Needs REIT Real Estate ESG

HMC Capital CommunityCo. Eat Up Australia partnership