Image Source: © Terovesalainen | Megapixl.com
- HomeCo REIT announced its full-year FY22 financial results on the ASX today.
- The company’s FY22 result reflects that its operations gained momentum in FY22 after recovering from the impacts of COVID-19.
- HomeCo’s statutory profit for the year stand at AU$335.1 million against AU$31.3 million in 2021, a massive jump of 971%.
- Also, the company has generated AU$105.6 million as Funds from Operations in the given period, much ahead of its guidance.
Australian real estate firm HomeCo Daily Needs REIT (ASX:HDN) shared financial results for full-year FY22 on the ASX today (18 August 2022). For the period ended on 30 June 2022, the company has registered a huge profit of AU$335.1 million as compared to AU$31.3 million.
The company believes that strategic merger with Aventus supported the results.
Key highlights of HomeCo’s financial performance in FY22:
Key highlights from HomeCo’s operational performance in FY22:
Image source: © Feverpitched | Megapixl.com
Key highlights from HomeCo’s investments in FY22:
HomeCo’s guidance for FY23:
The commercial real estate managing firm is expecting to deliver a pro forma FFO of 8.6 cpu in FY23. Additionally, HomeCo is also anticipating its DPU to stand at 8.3 cents in FY23, reflecting a payout ratio of 97% in the given financial year.
The share price performance of HomeCo on the ASX:
HomeCo shares opened trading in red today. The share price of HomeCo was quoted at AU$1.277 per share, down 3.219% at 2:15 PM AEST on the ASX today (18 August).
In last 12 months, HomeCo’s share price has fallen by 11.64% on the ASX. On the other hand, HomeCo’s YTD-based share price fell by 17.31% (as of 11:36 PM AEST on the ASX today).
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