HomeCo Daily Needs REIT (HDNRF) Q4 2026 Earnings Call Transcript

Thank you, everyone, for making time to attend today's call. For those new to us, HomeCo Daily Needs REIT is Australia's leading convenience retail real estate investment trust serving the essential needs of 12.7 million Australians. Joining me on today's call is HDN Fund Manager, Paul Doherty; our Real Estate CFO, Phil Dooley; and our Real Estate COO, Kylie Green. Before we commence today's presentation, we want to acknowledge the traditional custodians of country throughout Australia. We celebrate their diverse culture and connections to land, sea and community, and we pay our respect to elders past, present and emerging, and we extend that respect to all Aboriginal and Torres Strait Islander people. Let's start at Slide 6. Before I talk through the excellent FY '26 results, I wanted to provide a bit of an overview on where we're at and where we're going. A few key takeaways from today. Firstly, the sector is buoyant. At half year, we said convenience retail was the