• Consistent earnings growth underpinned by operational execution and balance sheet discipline
• Reaffirmed FY26 guidance with strong occupancy, rent collection, and NOI growth
• Robust portfolio valuation gains driven by income growth and attractive WACR of 5.51%

HomeCo Daily Needs REIT (HDN) reported a strong 1H FY26 performance, with consistent earnings growth underpinned by operational execution and balance sheet discipline. The company reaffirmed its FY26 guidance, with key highlights including over 99% occupancy, over 99% rent collection, 4.0% comparable NOI growth, and 4.0% FFO per unit growth versus FY25. The portfolio value increased to $5.1 billion, driven by 6.2% leasing spreads and a 5.51% weighted average capitalization rate, reflecting the high quality and defensive nature of the assets. HDN's investment strategy focuses on creating daily needs community hubs supporting the growth strategies of Australia's leading retailers, with a diversified tenant base and exposure to defensive and non-cyclical expenditure. The company has a robust $650 million+ development pipeline, targeting returns over 7%, and is actively recycling capital to fund accretive growth opportunities. HDN's balance sheet remains strong, with pro forma gearing of 34.6% at the midpoint of the target range, and ample liquidity to execute on its growth plans.

HDN reaffirms FY26 guidance, including over 99% occupancy, over 99% rent collection, 4.0% comparable NOI growth, and 4.0% FFO per unit growth versus FY25.

HDN is well-positioned to continue delivering consistent earnings growth, driven by its defensive and diversified portfolio, active asset management, and prudent capital allocation towards accretive development and acquisition opportunities.