Australia's HomeCo Daily Needs REIT hits over 2-year high after quarterly distribution payout

HomeCo Daily Needs REIT

19/06/2025 05:34

** Shares of HomeCo Daily Needs REIT HDN.AX rise as much as 3.5% to A$1.35; highest level since Feb 6, 2023

** Stock last up 1.7% to A$1.3275

** REIT declares quarterly distribution per unit (DPU) of 2.125 Australian cents vs. 2.075 Australian cents year-on-year

** Reaffirms FY25 DPU forecast of 8.5 Australian cents

** About 3.9 mln shares change hands, 1.2x 30-day avg.

** Stock up 15.9% YTD, including moves in current session

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))