HomeCo Daily Needs REIT (ASX:HDN) reported that the firm’s revenue from ordinary activities for the financial year amounted to A$351.5 million, a significant increase from the previous year’s A$198.3 million.

Furthermore, the company reported a profit from ordinary activities after tax of A$102.2 million, a decrease when compared to last year’s A$335.1 million.

The final distribution for the year was reported to be 2.075 AU cents.

HomeCo Daily Needs REIT is a real estate investment trust that focusses on the daily needs of Australian residents.