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HomeCo Daily Needs REIT Boosts FFO, Reaffirms FY25 Growth Targets

7:30am on Thursday 13th of February, 2025 AEDT Real Estate
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HomeCo Daily Needs REIT Boosts FFO, Reaffirms FY25 Growth Targets

7:30am on Thursday 13th of February, 2025 AEDT
Key Points
  • 1H FY25 FFO per unit steady at 4.3 cents, matching prior year
  • Approximately $200 million in acquisitions and $250 million in asset disposals executed
  • Development pipeline exceeds $650 million targeting 7%+ return on invested capital
  • Occupancy and cash rent collections maintained above 99% since IPO
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