• Positive Jun-25 asset revaluations, delivering a +$142m gross increase (+$80m net)
• $170m of pre-committed development projects underway targeting ~7%+ ROIC
• $650m+ development pipeline identified targeting ~7%+ ROIC

HomeCo Daily Needs REIT (HDN) today released its results for the year ended 30 June 2025. The result highlights the strength of HDN's strategically located metropolitan assets focused on non-discretionary retail and services tenants. The unique portfolio composition and location along with continued delivery of the development pipeline continues to differentiate HDN in the Australian real estate sector and support earnings growth going forward. Key highlights for the period include positive Jun-25 asset revaluations delivering a +$142m gross increase (+$80m net) on the Dec-24 portfolio value, $170m of pre-committed development projects underway targeting ~7%+ ROIC, and a $650m+ development pipeline identified also targeting ~7%+ ROIC. Operationally, HDN has maintained >99% occupancy and cash rent collections since IPO, and delivered +4.0% comparable property NOI growth and +6.0% positive re-leasing spreads. Financially, HDN delivered FY25 FFO/unit of 8.8 cents and FY25 DPU of 8.5 cents, both in-line with guidance. The REIT has a strong balance sheet as at Jun-25 with net assets of $3.1bn and gearing at the midpoint of the target range. HDN has provided FY26 FFO guidance of 9.0cpu and DPU guidance of 8.6cpu, reflecting growth of +2.3% and +1.2% over FY25, respectively.

FY26 FFO/unit guidance of 9.0 cents and FY26 DPU guidance of 8.6 cents.

HDN continues to benefit from its strategically located metropolitan assets focused on non-discretionary retail and services tenants, and is well-positioned to deliver growth through its development pipeline and value-accretive acquisitions.