• Profit of $116.8 million, up 1192% from prior period
• Funds from operations of $89.9 million, up 1.6% from prior period
• Distributions of 4.25 cents per unit for the half-year

HomeCo Daily Needs REIT has reported a profit of $116.8 million for the half-year ended 31 December 2024, a significant increase of 1192% compared to the prior period. This was primarily driven by a $35.9 million gain in assets/liabilities at fair value through profit or loss, compared to a loss of $94.6 million in the previous period. Funds from operations (FFO) for the half-year was $89.9 million, up 1.6% from the prior period. The REIT's property and interest income remained stable at $179.2 million. The group's portfolio of 47 daily needs assets across Australia was valued at $4,733.6 million as at 31 December 2024, with a weighted average capitalization rate of 5.6%. During the period, the REIT issued 2,032,114 units under its dividend reinvestment plan. The REIT declared distributions totaling 4.25 cents per unit for the half-year, up from 4.2 cents per unit in the prior period.