HomeCo Daily Needs REIT reaffirms FY26 guidance
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The news: HomeCo Daily Needs REIT reaffirmed its full-year guidance after reporting a slight increase in funds from operations (FFO) and a flat distribution per unit (DPU) for the six months to December 2025.
The numbers: The shopping centre owner posted first-half FFO of 4.4 cents, a slight increase from 4.3 cents in the prior corresponding period. DPU was unchanged at 4.3 cents.
Interest rate hedging stood at 70.5% at the half-year, while net tangible assets rose 5.4% from June 2025 to $1.55 per unit.
The context: The company reaffirmed its full-year FFO guidance of 9 cents per unit and DPU guidance of 8.6 cents.
HomeCo CEO Sid Sharma said the increase in FFO and net tangible assets in the half-year reflected strong operational execution and positive leasing spreads.
What they said: "This is the fourth consecutive period of positive valuation gains. This reflects the inherent strength of our strategically located metropolitan portfolio and the defensive nature of daily needs retail," Sharma said.
"With a well-capitalised balance sheet and a prudent development pipeline, HDN is well placed to continue delivering sustainable income growth for our investors," he added.
The source: ASX
