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.