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

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.29

23 Feb
2026

-0.020

OPEN

$1.31

-1.53%

HIGH

$1.31

2,186,386

LOW

$1.29

TARGET
$1.397 8.3% upside
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . ASK . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DGT . DXC . DXI . DXS . GDF . GDI . HCW . NSR . 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% - 25.3% xxx
DPS Growth xxx 2.4% 2.6% xxx
PE Ratio xxx N/A 14.5 xxx
Dividend Yield xxx N/A 6.7% xxx
Div Pay Ratio(%) xxx 70.7% 97.2% xxx

Dividend yield today if purchased 3 years ago: 6.56%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.56

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: 30/12 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 2022202320242025
EPS Basic xxxxxxxxx12.0
DPS All xxxxxxxxx8.5
Sales/Revenue xxxxxxxxx365.7 M
Book Value Per Share xxxxxxxxx147.3
Net Operating Cash Flow xxxxxxxxx182.7 M
Net Profit Margin xxxxxxxxx68.44 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 2022202320242025
Return on Capital Employed xxxxxxxxx8.25 %
Return on Invested Capital xxxxxxxxx5.44 %
Return on Assets xxxxxxxxx5.14 %
Return on Equity xxxxxxxxx8.25 %
Return on Total Capital xxxxxxxxx4.48 %
Free Cash Flow ex dividends xxxxxxxxx13.8 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 2022202320242025
Short-Term Debt xxxxxxxxx0 M
Long Term Debt xxxxxxxxx1,755 M
Total Debt xxxxxxxxx1,755 M
Goodwill - Gross xxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxx18 M
Price To Book Value xxxxxxxxx0.85

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 2022202320242025
Capex xxxxxxxxx0.0 M
Capex % of Sales xxxxxxxxx0.00 %
Cost of Goods Sold xxxxxxxxx114 M
Selling, General & Admin. Exp & Other xxxxxxxxx39 M
Research & Development xxxxxxxxx-
Investments - Total xxxxxxxxx4,842 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

0.2

No. Of Recommendations

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

Bell Potter

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

12/02/2026

1

Buy

$1.55

20.16%

UBS notes HomeCo Daily Needs REIT met expectations with 1H26 earnings of $92.4m, with "sector-leading" re-leasing spreads of plus 6.2% and comparable net operating income growth of 4%.

The analyst views the absence of a FY26 earnings upgrade as disappointing against peer upgrades in guidance.

The broker attributes this to no significant rise in interest rate hedging prior to October, when cash rate expectations moved to hikes from cuts, as well as asset sales of -$150m in 1H26, which is slightly earnings dilutive in the short term.

UBS forecasts CAGR in funds from operations of 6.1% for FY26-FY29 and believes the stock screens favourably against peers, while trading at a -16% discount to December NTA with a prospective 6.6% dividend yield. Buy rating and $1.55 target unchanged.

FORECAST
UBS forecasts a full year FY26 dividend of 9.00 cents and EPS of 9.00 cents.
UBS forecasts a full year FY27 dividend of 9.00 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

Moelis

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Jarden

16/02/2026

1

Buy

$1.55

20.16%

Jarden notes HomeCo Daily Needs REIT delivered 1H26 FFO of 4.4c, slightly below expectations, though FY26 guidance was maintained as refinancing margin improvements offset higher interest rates.

The broker notes $375m of new swaps were added for FY26 to protect near term FFO, while outer year hedging was unchanged, resulting in minimal forecast revisions across FY26 to FY28.

Jarden retains a Buy rating with its target price reduced to $1.55 from $1.65, reflecting a higher rate curve.

The REIT is trading at a -16% discount to NTA with capital management initiatives including a payout ratio reset to 100% of AFFO and potential buybacks announced.

FORECAST
Jarden forecasts a full year FY26 dividend of 8.60 cents and EPS of 9.00 cents.
Jarden forecasts a full year FY27 dividend of 9.20 cents and EPS of 9.40 cents.
Access Extra Coverage Research History >

HDN STOCK CHART

FNArena News on HDN

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 20-02-26

Feb 20 2026 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Feb 17, 2026

Feb 17 2026 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Feb 16, 2026

Feb 16 2026 - Daily Market Reports
4
FNArena Corporate Results Monitor – 12-02-2026

Feb 12 2026 - Australia
5
Rudi’s View: Woolies, CSL, Macquarie (& More)

Feb 05 2026 - Rudi's View

Latest REITs News

1
Australian Listed Real Estate Tables – 23-02-2026

Feb 23 2026 - Weekly Reports
2
Australian Listed Real Estate Tables – 16-02-2026

Feb 16 2026 - Weekly Reports
3
Australian Listed Real Estate Tables – 09-02-2026

Feb 09 2026 - Weekly Reports
4
Australian Listed Real Estate Tables – 02-02-2026

Feb 02 2026 - Weekly Reports
5
Australian Listed Real Estate Tables – 27-01-2026

Jan 27 2026 - Weekly Reports
6
Australian Listed Real Estate Tables – 22-12-2025

Dec 22 2025 - Weekly Reports
7
Australian Listed Real Estate Tables – 15-12-2025

Dec 15 2025 - Weekly Reports
8
Australian Listed Real Estate Tables – 08-12-2025

Dec 08 2025 - Weekly Reports
9
Australian Listed Real Estate Tables – 01-12-2025

Dec 01 2025 - Weekly Reports
10
Australian Listed Real Estate Tables – 24-11-2025

Nov 24 2025 - Weekly Reports