Australia's HomeCo Daily Needs REIT gains on upbeat FY results

HomeCo Daily Needs REIT

14/08/2025 04:49

** Shares of HomeCo Daily Needs REIT HDN.AX rise as much as 2.3% to A$1.31, their highest level since June 24
** Stock currently on track for its biggest intra-day pct gain since July 2
** REIT reports profit of A$250.3 million ($163.97 million)compared with A$82 mln a year ago
** Says FY revenue at A$365.7 mln vs year ago A$356.1 mln
** Declares FY distribution of 8.5 Australian cents per share, payable on August 22
** YTD stock up 13.7%, including current session's move

($1 = 1.5265 Australian dollars)

(Reporting by Ananya Verma in Bengaluru)

((ananya.verma@thomsonreuters.com;))