ASX:HDNRetail REITs
HomeCo Daily Needs REIT (ASX:HDN) Shares Trail NTA As Interest Costs Rise
HomeCo Daily Needs REIT walked into this result with a stock that has drifted lower for months, down about 7% over 90 days, and yet just printed full year funds from operations of A$187.1m at A$0.09 per unit and kept distributions at A$0.086. The price now sits at A$1.155, well beneath reported net tangible assets of A$1.56 per unit. The market is still treating this like a yield product with perceived balance sheet risk, while the latest earnings headline is really about that widening gap...

