HomeCo Daily Needs REIT (ASX: HDN) on track to complete AUD 70mn of new development projects in 2HFY24

Tue 25 Jun 24, 04:41 AM | Team Kalkine

Image source: © 8vfand | Megapixl.com

Highlights

HomeCo Daily Needs is an ASX-listed real estate investment trust

In 1HFY24, the company reported 7% YoY increase in its revenue to AUD 179 million

Di Pilla (David) has the highest stake in the company with a shareholding of 13.55%

Australia-based HomeCo Daily Needs REIT (ASX: HDN) is a real estate investment trust with a mandate to invest in convenience-based assets in the target sub-sectors of health & services, large format retail and neighbourhood retail.

In the first half of the financial year 2024 (1HFY24), the company posted 7% YoY rise in revenue to AUD 179 million and 6.7% YoY increase in EBITDA to AUD 121.4 million. During the reported period, loss after tax stood at AUD 10.7 million.

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