HomeCo Daily Needs REIT : Appendix 4D and HY22 Financial Report

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23 February 2022
APPENDIX 4D AND HY22 FINANCIAL REPORT
HomeCo Daily Needs REIT (ASX: HDN) provides the attached Appendix 4D and HY22 Financial Report.
use	-ENDS-
For further information, please contact:
INVESTORS
Misha Mohl	Will McMicking
Group Head of Strategy & Investor Relations	Group Chief Financial Officer
[phone]	[phone]
[e-mail]	[e-mail]
MEDIA
John Frey
Corporate Communications Counsel
[phone]
[e-mail]
Authorised for release by the Board of the Responsible Entity
personal
About HomeCo Daily Needs REIT
For

Managed by

HMC Funds Management Limited

(ACN 105 078 635; AFSL 237257) as responsible entity of the

HomeCo Daily Needs REIT (ARSN 645 086 620)

ASX RELEASE

HomeCo Daily Needs REIT is an Australian Real Estate Investment Trust listed on the ASX with a mandate to invest in convenience-based assets across the target sub-sectors of Neighbourhood Retail, Large Format Retail and Health & Services. HomeCo Daily Needs REIT aims to provide unitholders with consistent and growing distributions.

The merger with Aventus Group (AVN) will create Australia's leading daily needs REIT with a combined portfolio size of approximately $4.4bn spanning approximately 2.5 million square metres of land in Australia's leading metropolitan growth corridors of Sydney, Melbourne, Brisbane, Perth and Adelaide.

19 Bay Street	HMC Funds Management Limited
Double Bay NSW 2028	(ACN 105 078 635; AFSL 237257) as responsible
1300 466 326	entity of the HomeCo Daily Needs REIT (ARSN
[e-mail]	645 086 620)

30 Jun 2021

$

HomeCo Daily Needs REIT

Appendix 4D

Half-year report

1. Company details

Name of entity:	HomeCo Daily Needs REIT
ARSN:	645 086 620
only	For the half-year ended 31 December 2021
Reporting period:
Previous period:	For the half-year ended 31 December 2020

2. Results for announcement to the market

This Appendix 4D should be read in conjunction with the attached directors' report which includes details of the results for the period.

						$m
	R	venues from ordinary activities	up	736.8%	to	56.9
	Profit from ordinary activities	up	643.2%	to	120.6
	Profit for the half-year	up	643.2%	to	120.6
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	Comments
	The profit for the group amounted to $120.6 million (31 December 2020: loss of $22.2 million).
	Refer to the attached directors' report for detailed commentary on review of operations and financial performance.
	3. Distributions
					Amount per
						unit
						Cents
	Inte im distribution for the year ending 30 June 2022 declared on 24 September 2021. The distribution was
	paid on 19 November 2021 to unitholders registered on 30 September 2021.				2.000
	Int	rim distribution for the year ending 30 June 2022 declared on 17 December 2021. The distribution will
	be	aid on 25 February 2022 to unitholders registered on 31 December 2021.				2.080
personal
	4. Net tangible assets

ForNet tangible assets per unit

The net tangible assets calculations above include right-of-use assets and lease liabilities.

31 Dec 2021

$

1.49 1.36

HomeCo Daily Needs REIT

Appendix 4D

Half-year report

5. Distribution reinvestment plans

The following distribution plans are in operation:

onlyThe Trust had a Distribution Reinvestment Plan ('DRP') available to unitholders for the September 2021 distribution pursuant

to which any unitholder could elect that their distributions be reinvested, in whole or in part, in units of the Trust at a price as determined by applying a 1.5% discount to the arithmetic average of the daily volume-weighted average prices for units traded from 1 November 2021 to 5 November 2021 (inclusive). Refer to note 15 for details of equity raised under the DRP.

The DRP was not available for the December 2021 distribution.

6. Audit qualification or review

use7. Attachments

D tails of audit/review dispute or qualification (if any):

The financial statements were subject to a review by the auditors and the review report is attached as part of the Interim Report.

Details of attachments (if any):

The Interim Report of HomeCo Daily Needs REIT for the half-year ended 31 December 2021 is attached.

8. Signed

As authorised by the Board of Directors

Signed	Date: 22 February 2022
Simon Shakesheff
Chair
personalFor

onlyHomeCo

Daily Needs REIT

ARSN 645 086 620

useInterim Report

For the period ended 31 December 2021 personalFor

Consolidated

1H FY21 $'m 6.8 (22.2) 3.1 482.9 0.65

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Consolidated

1H FY22

$'m 56.9 120.6 30.6 766.2 4.00 4.08

HomeCo Daily Needs REIT Directors' report

31 December 2021

DIRECTOR'S REPORT

onlyThe directors of HMC Funds Management Limited (ABN 89 105 078 635, AFSL 237257) (the 'Responsible Entity'), present

their report together with the financial statements of HomeCo Daily Needs REIT. The financial statements cover HomeCo

Dai y Needs REIT as a consolidated entity consisting of HomeCo Daily Needs REIT (the 'Trust' or 'parent entity') and the

e tities it controlled at the end of, or during, the half-year (collectively referred to as the 'REIT' or the 'group'). HMC Funds

Ma agement Limited is an ultimately owned subsidiary of the Australian Securities Exchange ('ASX') listed entity Home Consortium Limited ('Home Consortium' or 'HMC').

The Trust was registered by the Australian Securities and Investments Commission ('ASIC') as a managed investment

scheme on 15 October 2020. On 23 November 2020, the REIT was listed on the ASX. The current reporting period is for the

half-year ended 31 December 2021. The comparative reporting period is from 15 October 2020 to 31 December 2020, which useis the notional first half-year reporting period in accordance with ASIC Instrument 20-1174 applicable to HMC Funds

Management Limited in its capacity as Responsible Entity of HomeCo Daily Needs REIT.

Directors

The following persons were directors of the Responsible Entity during the whole of the financial half-year and up to the date of this report, unless otherwise stated:

Simon Shakesheff	Independent Non-Executive Chair
Stephanie Lai	Independent Non-Executive Director
personalended 31 December 2020 ('1H FY21') is detailed below.	Independent Non-Executive Director
Simon Tuxen
D vid Di Pilla	Non-Executive Director
Greg Hayes	Non-Executive Director

Pri cipal activities

The Trust is a registered managed investment scheme domiciled in Australia. The principal activity of the REIT is the investment in a property portfolio of stabilised, predominantly metro-located,convenience-based assets across the target sub-sectors of neighbourhood retail, large format retail and health and services. The REIT did not have any employees during the period.

Review of operational and financial performance

The REIT's financial performance for the financial half-year was materially influenced by active undertaking of investment activities, growing the portfolio from 20 properties as at 30 June 2021 to 33 properties as at 31 December 2021.

A summary of the REIT's financial performance for the period ended 31 December 2021 ('1H FY22') and comparable period

ForT tal revenue

Net profit/ (loss) for the period unds from operations ('FFO')

Weighted average units on issue (million) O per unit (cents)

Distribution per unit (cents)

The REIT recorded total revenue of $56.9 million (1H FY21: $6.8 million), a net profit of $120.6 million (1H FY21: loss of

$22.2 million) and FFO of $30.6 million (1H FY21: $3.1 million). FFO is a financial measure which is not prescribed by Australian Accounting Standards and represents the REIT's underlying and recurring earnings from its operations and is determined by adjusting the statutory net profit after tax for items that are non-cash, unrealised or capital in nature. The directors consider FFO to represent the core earnings measures of a REIT.

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