HomeCo Daily Needs REIT records valuation gains

• HomeCo Daily Needs REIT recorded a preliminary unaudited portfolio valuation gain of $92 million for the period ending June 30.
• The real estate investment trust reaffirmed its full-year distribution per unit guidance of 8.6 cents.
• Net operating income growth and tenant-led developments drove the asset valuation increase.

HomeCo Daily Needs REIT (ASX:HDN) announced a preliminary unaudited portfolio valuation gain of $92 million for the period ending June 30, driven primarily by net operating income growth.

The 1.8% increase over the Dec. 31, 2025, portfolio valuation follows a steady track record of five consecutive periods of positive net revaluation gains for the trust.

“HDN has recorded positive net revaluation gains for the fifth consecutive period,” said HomeCo Daily Needs REIT Fund Manager Paul Doherty.

The preliminary process involved valuing all 46 owned properties in the portfolio, which included 19 independent valuations representing 35% of the total asset value and 27 completed via internal processes.

The company stated that the property portfolio continues to experience a rent collection rate above 99% alongside an overall occupancy rate exceeding 99%.

Following the announcement, the HomeCo Daily Needs REIT share price was unchanged at $1.30.

The trust maintained its pro-forma gearing at the midpoint of its 30–40% target range and extended its interest rate hedge coverage to 60% of drawn debt through to June 2027.