Home Consortium’s Daily Needs REIT upgraded its full-year earnings and distribution guidance on Wednesday after buying another $100 million of large-format assets, and as it prepared to bed down its $3.2 billion merger with Rich Lister Brett Blundy’s Aventus Group.
Trading under the ticker HDN, the trust upgraded its full-year pro-forma earnings guidance to 9.3¢ per unit, up 4.5 per cent from 8.9¢ guided in October as part of its merger booklet.
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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
