HomeCo Daily Needs REIT Expected to Raise Fiscal Year 2026 Guidance, Says Jefferies

MT Newswires Live12-12

HomeCo Daily Needs REIT (ASX:HDN) is expected to raise its fiscal year 2026 guidance at its February 2026 trading update after the company reaffirmed its guidance on Thursday, said Jefferies in a Thursday note.

The company on Thursday declared a quarterly dividend for the December quarter of AU$0.0215 per share, up from AU$0.02125 a year earlier, payable on or about Feb. 26, 2026, to shareholders on record as of Dec. 31.

The company showed "strong" like-for-like growth of 3% and achieved a 42.5-basis-point improvement in margins, but Jefferies believes that these gains are being partly cancelled out by increases in base interest rates since the August results.

Jefferies kept a buy rating on HomeCo Daily Needs REIT with a price target of AU$1.58.

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