HomeCo Daily Needs REIT (ASX:HDN) Records $131 Million Valuation Gains
Valuation Gains Overview
HomeCo Daily Needs REIT (ASX: HDN) announced a preliminary unaudited valuation gain of $131 million for December 2024. This reflects a nearly 3% increase from the June 2024 portfolio value. The gain includes a net valuation increase of $79 million resulting from strong net operating income growth and a stabilised capitalisation rate of 5.64%.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended HomeCo Daily Needs REIT. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.