• $142 million valuation gain, a 3.0% increase
• 25% of portfolio independently valued with 3.1% gross increase
• Strong balance sheet with gearing in target range
• FY25 DPU guidance of 8.5 cents confirmed

HomeCo Daily Needs REIT (HDN) has reported a preliminary unaudited portfolio valuation gain of $142 million, representing a 3.0% increase on the 31 December 2024 portfolio value. This comprises a $80 million net valuation gain (1.7%) driven by strong net operating income growth and 6bps of cap rate tightening to 5.56%, as well as $63 million of predominantly development-related capital expenditure. 25% of the portfolio (by book value) was independently valued, with a gross increase of 3.1% and net increase of 2.2%. The remaining 75% was internally valued, with a gross increase of 2.9% and net increase of 1.5%. HDN has maintained a strong balance sheet, with gearing at the midpoint of the 30-40% target range. The REIT has declared a quarterly distribution of 2.125 cents per unit for the period ended 30 June 2025 and confirmed its FY25 DPU guidance of 8.5 cents per unit and FY25 FFO guidance of 8.8 cents per unit.

FY25 DPU guidance of 8.5 cents per unit confirmed. FY25 FFO guidance of 8.8 cents per unit reaffirmed.