HomeCo Daily Needs REIT gross valuation lifts $92m
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The news: HMC Capital’s HomeCo Daily Needs REIThas reported a 30 June 2026 preliminary unaudited valuation gain of $92 million driven by net operating income growth.
The numbers: The valuation gain represents a 1.8% increase on portfolio value on 31 December 2025.
Gearing remains at the mid-point of the target range of between 30% to 40%. HomeCo declared 2.15 cents per unit in the June quarter.
FY26 distributions per unit guidance of 8.6 cents has been reaffirmed and FY26 funds from operations guidance has been reaffirmed at 9 cents per unit.
The context: The company has completed preliminary unaudited valuations for all 46 owned properties in its portfolio. Independent valuations were conducted for 19 properties, representing 35% of portfolio value, and 27 were undertaken internally.
What they said: “HDN has recorded positive net revaluation gains for the fifth consecutive period. The positive valuation gain has been driven by net operating income growth and accretive tenant led developments,” HomeCo fund manager Paul Doherty said.
The source: ASX
