HOMECO DAILY NEEDS REIT (HDN)
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HDN

HDN - HOMECO DAILY NEEDS REIT

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 8.24
Index: ASX200 | ASX300 | ALL-ORDS

HomeCo Daily Needs REIT invests in convenience-based neighbourhood retail, large-format retail and health-and-services properties.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.275

12 Aug
2026

-0.015

OPEN

$1.28

-1.16%

HIGH

$1.29

1,902,484

LOW

$1.27

TARGET
$1.317 3.3% upside
OTHER COMPANIES IN THE SAME SECTOR
ABG . ARF . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DGT . DXC . DXI . DXS . FDC . GDF . GDI . HCW . PLG . REP . RFF . RGN . SCG . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
HDN: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 12.0 9.0 xxx
DPS (cps) xxx 8.5 8.7 xxx
EPS Growth xxx 100.0% - 25.5% xxx
DPS Growth xxx 2.4% 2.4% xxx
PE Ratio xxx N/A 13.5 xxx
Dividend Yield xxx N/A 7.2% xxx
Div Pay Ratio(%) xxx 70.7% 97.1% xxx

Dividend yield today if purchased 3 years ago: 7.39%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.05

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 29/06 - (franking ex-div 2.15c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 20222023202420252026
EPS Basic xxxxxxxxxxxx17.3
DPS All xxxxxxxxxxxx8.6
Sales/Revenue xxxxxxxxxxxx379.4 M
Book Value Per Share xxxxxxxxxxxx156.0
Net Operating Cash Flow xxxxxxxxxxxx144.7 M
Net Profit Margin xxxxxxxxxxxx95.31 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 20222023202420252026
Return on Capital Employed xxxxxxxxxxxx11.42 %
Return on Invested Capital xxxxxxxxxxxx7.25 %
Return on Assets xxxxxxxxxxxx7.08 %
Return on Equity xxxxxxxxxxxx11.42 %
Return on Total Capital xxxxxxxxxxxx5.69 %
Free Cash Flow ex dividends xxxxxxxxxxxx-28.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 20222023202420252026
Short-Term Debt xxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxx1,892 M
Total Debt xxxxxxxxxxxx1,892 M
Goodwill - Gross xxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxx38 M
Price To Book Value xxxxxxxxxxxx0.82

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 20222023202420252026
Capex xxxxxxxxxxxx0.0 M
Capex % of Sales xxxxxxxxxxxx0.00 %
Cost of Goods Sold xxxxxxxxxxxx118 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxx-22 M
Research & Development xxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxx5,133 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Morgans

xx/xx/xxxx

2

xxxxxxx xx xxxxxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Bell Potter

02/07/2026

5

Sell

$1.25

-1.96%

Bell Potter transfers analyst coverage to Michael Armstrong on HomeCo Daily Needs REIT and retains a Sell rating with a lower target price of $1.25 from $1.30.

The analyst expects the REIT to reduce annual development spending to around $50m in FY27 from around $100m, with projects funded through valuation gains rather than asset sales.

While this approach preserves income and keeps gearing within target, the broker estimates it delivers only around 0.3% earnings accretion and believes capital recycling would provide stronger returns.

Leasing spreads of around 6% are forecast over the next three years, supported by constrained retail supply and exposure to neighbourhood and large-format retail centres.

FY26–FY28 funds from operations forecasts are lowered by up to -2.2%.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 8.60 cents and EPS of 9.00 cents.
Bell Potter forecasts a full year FY27 dividend of 8.60 cents and EPS of 9.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Moelis

17/02/2026

1

Upgrade to Buy from Hold

$1.46

14.51%

Commenting after interim results, Moelis says HomeCo Daily Needs REIT continues to deliver strong operating metrics, with 6.2% leasing spreads and 4.0% like-for-like net operating income (NOI) growth.

The broker trims its medium-term EPS forecast on higher floating rates, partly offset by lower lending margins.

Moelis notes 1H26 FFO of 4.4cpu and a dividend of 4.3cpu, with occupancy above 99%. Gearing of 35.2% implies to the broker ongoing asset recycling to fund the $650m development pipeline.

The analyst sees the stock trading attractively at a -17% NTA discount and 6.2% implied cap rate.

The broker's target rises to $1.46 from $1.44 and the rating is upgraded to Buy from Hold.

FORECAST
Moelis forecasts a full year FY26 dividend of 8.60 cents and EPS of 9.00 cents.
Moelis forecasts a full year FY27 dividend of 8.80 cents and EPS of 9.20 cents.
Access Extra Coverage Research History >

HDN STOCK CHART

FNArena News on HDN

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Weekly Ratings, Targets, Forecast Changes – 31-07-26

Aug 03 2026 - Weekly Reports
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