HDN Announces $92M Valuation Gains
Key points
- $92M gross valuation gains recorded
- +1.8% increase on portfolio value
- Balance sheet strong with mid-target gearing
- FY26 DPU guidance reaffirmed at 8.6 cents
- FY26 FFO guidance reaffirmed at 9.0 cents
Full summary
Homeco Daily Needs REIT (ASX: HDN) reported a preliminary unaudited valuation gain of $92 million, representing a 1.8% increase from the previous portfolio value. The strong performance was driven by net operating income growth. The company's balance sheet remained robust with gearing at the midpoint of the target range. HDN also declared a quarterly distribution of 2.15 cents per unit. The company reaffirmed its FY26 guidance for Distributions Per Unit (DPU) at 8.6 cents and Funds From Operations (FFO) at 9.0 cents per unit.
Guidance
FY26 DPU guidance reaffirmed at 8.6 cents, FY26 FFO guidance reaffirmed at 9.0 cents
Outlook
HDN expects to continue delivering strong operational performance and valuation gains, driven by net operating income growth and tenant-led developments.
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