• Profit for the year increased 205% to $250.3 million
• Funds from operations (FFO) per unit increased 2.2% to 8.76 cents
• Distributions per unit for FY25 increased 2.4% to 8.50 cents

Homeco Daily Needs REIT (HDN) has reported its financial results for the year ended 30 June 2025. The group recorded property and other income including share of profits of equity-accounted investees of $364.7 million, up from $356.6 million in the prior year. Profit for the year increased 205% to $250.3 million, primarily due to a $85.0 million net gain in assets/liabilities at fair value through profit or loss compared to a net loss of $84.4 million in the previous financial year. Funds from operations (FFO) for the year was $182.5 million or 8.76 cents per unit, up from $178.1 million or 8.57 cents per unit in the prior year. The group's property portfolio was valued at $4,830.2 million as at 30 June 2025, up from $4,607.1 million a year earlier. Gearing remained stable at 35.2%. During the year, HDN issued 6,004,007 new units under its dividend reinvestment plan. The group did not have any significant changes in its state of affairs or material events subsequent to the end of the financial year.

HDN expects to maintain its current distribution policy, targeting a full year distribution of 8.50 cents per unit for the 2026 financial year.

The group remains focused on maintaining its high-quality and defensive portfolio of convenience-based retail assets, pursuing strategic acquisition opportunities, and managing its capital structure prudently. HDN is well-positioned to continue delivering consistent and growing distributions to unitholders.