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 announces new Energy Transition platform
ASX Announcement HMC Capital Partners Fund ESG

HMC Capital announces new Energy Transition platform

HMC Capital - 1H FY24 Results
ASX Announcement HMC Capital High Conviction Alternatives Fund HMC Capital Partners Fund I HMC Capital Partners Fund

HMC Capital - 1H FY24 Results

HomeCo Daily Needs REIT - 1H FY24 Results
ASX Announcement HMC Capital Partners Fund HomeCo Daily Needs REIT

HomeCo Daily Needs REIT - 1H FY24 Results