HomeCo Daily Needs REIT Pitch
Additional financial information
Statutory profit to FFO reconciliation
Home
Co.
Daily Needs
REIT
Portfolio value to balance sheet reconciliation
$ million
FY22
FY23
$ million
Jun-23
Total revenue
198.3
347.3
Portfolio valuation
4,677
Share of profit of equity-accounted investees
0.4
9.1
Midland book value
73
Other income
3.7
Right of use asset
11
Property expenses1
(46.1)
(79.8)
Equity-accounted investments
Investment management fees¹
(16.3)
(27.9)
Balance sheet valuation
(102)
4,659
Other corporate expenses
(2.6)
(3.4)
Operating EBITDA
133.7
249.0
Fair value movement (net)
225.3
(86.9)
Transaction costs
(0.5)
(1.8)
EBITDA
358.5
160.3
Net interest expense
(23.4)
(58.1)
335.1
102.2
Statutory Profit/(Loss)
Add:
Straight lining and amortisation
6.1
(1.8)
Fair Value movement
(225.3)
86.9
Transaction costs
0.5
1.8
Rent Guarantee Income
2.0
0.1
Share of profits of equity accounted investees
(0.4)
(9.1)
Distributions from equity accounted investees
0.3
1.1
Other items
0.3
(0.4)
Other income
(13.0)2
(3.7)
FFO
105.6
177.1
Units on issue (wtd avg) (m)
FFO per unit (cents)
1,193.8.
2070.7
8.9
8.6
Notes: 1. Investment management and property management fees are disclosed on a gross basis. 2. Purchase price adjustment on South Nowra.,
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