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: 8.02
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.20

20 Feb
2025

-0.005

OPEN

$1.20

-0.41%

HIGH

$1.22

2,971,626

LOW

$1.20

TARGET
$1.327 10.6% upside
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . ASK . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DGT . DXC . DXI . DXS . ECF . GDF . GDI . HCW . NSR . PLG . REP . RFF . RGN . SCG . TGP . URW . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
HDN: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 4.0 8.8 xxx
DPS (cps) xxx 8.3 8.4 xxx
EPS Growth xxx - 20.0% 100.0% xxx
DPS Growth xxx 0.0% 1.4% xxx
PE Ratio xxx N/A 13.7 xxx
Dividend Yield xxx N/A 7.0% xxx
Div Pay Ratio(%) xxx 210.1% 95.4% xxx

Dividend yield today if purchased 3 years ago: 6.06%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.89

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 © 2025 FactSet UK Limited. All rights reserved
Title 202220232024
EPS Basic xxxxxx4.0
DPS All xxxxxx8.3
Sales/Revenue xxxxxx356.1 M
Book Value Per Share xxxxxx143.9
Net Operating Cash Flow xxxxxx170.8 M
Net Profit Margin xxxxxx23.03 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202220232024
Return on Capital Employed xxxxxx2.70 %
Return on Invested Capital xxxxxx1.80 %
Return on Assets xxxxxx1.71 %
Return on Equity xxxxxx2.70 %
Return on Total Capital xxxxxx4.47 %
Free Cash Flow ex dividends xxxxxx5.4 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 202220232024
Short-Term Debt xxxxxx300 M
Long Term Debt xxxxxx1,384 M
Total Debt xxxxxx1,684 M
Goodwill - Gross xxxxxx-
Cash & Equivalents - Generic xxxxxx12 M
Price To Book Value xxxxxx0.81

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202220232024
Capex xxxxxx0.0 M
Capex % of Sales xxxxxx0.00 %
Cost of Goods Sold xxxxxx114 M
Selling, General & Admin. Exp & Other xxxxxx32 M
Research & Development xxxxxx-
Investments - Total xxxxxx4,639 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

0.3

No. Of Recommendations

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

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

14/02/2025

3

Hold

$1.30

8.33%

Ord Minnett describes HomeCo Daily Needs REIT's 1H25 result as positive with funds from operations, DPS and FY25 guidance all
in line with its forecasts.

The broker notes the REIT recycled $250m of assets following the reweighting of the portfolio mix, acquiring $200m of higher-yielding properties. While asset-by-asset metrics were not provided, the analyst estimates the transactions to be neutral-to-slightly accretive.

Target price rises to $1.30 from $1.27. Hold maintained.

FORECAST
Ord Minnett forecasts a full year FY25 dividend of 8.50 cents and EPS of 8.80 cents.
Ord Minnett forecasts a full year FY26 dividend of 8.60 cents and EPS of 9.00 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$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

17/02/2025

2

Overweight

$1.38

15.00%

HomeCo Daily Needs REIT's 1H25 result was slightly below Jarden's forecast but with guidance maintained for 2H growth, the broker expects a better FY26. 

The broker notes the risk to its forecast for 6% EBIT growth between FY24-27 is to the upside if the REIT continues to execute on asset recycling and development initiatives.

The broker cut funds from operations forecast for FY25 by -0.2% but lifted FY26 by 1.6%. Overweight rating maintained and target price is $1.38.

FORECAST
Jarden forecasts a full year FY25 dividend of 8.50 cents and EPS of 8.80 cents.
Jarden forecasts a full year FY26 dividend of 8.40 cents and EPS of 8.90 cents.
Access Extra Coverage Research History >

HDN STOCK CHART

FNArena News on HDN

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 21-02-25

Feb 21 2025 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Feb 17, 2025

Feb 17 2025 - Daily Market Reports
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FNArena Corporate Results Monitor – 14-02-2025

Feb 14 2025 - Australia
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Jan 23 2025 - Rudi's View
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Jan 16 2025 - Rudi's View

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