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

$1.26

02 Jul
2026

-0.010

OPEN

$1.27

-0.79%

HIGH

$1.27

3,770,885

LOW

$1.25

TARGET
$1.287 2.1% upside
OTHER COMPANIES IN THE SAME SECTOR
ABG . ARF . ASK . 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% - 25.1% xxx
DPS Growth xxx 2.4% 2.7% xxx
PE Ratio xxx N/A 14.0 xxx
Dividend Yield xxx N/A 6.9% xxx
Div Pay Ratio(%) xxx 70.7% 97.0% xxx

Dividend yield today if purchased 3 years ago: 7.20%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.72

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-div 2.15c)

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

0.1

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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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgans

25/03/2026

3

Downgrade to Hold from Accumulate

$1.25

-0.79%

Morgans observes A-REITs delivered largely in line with expectations in what was a "relatively benign" reporting season.

Yet, this is in contrast to the share price performance where the ASX200 A-REIT sector is down -19% over the past six months versus a relatively flat ASX200.

Higher interest rates provide a challenge to the sector over the short to medium term, although the broker believes the recent share price reactions are overdone and give investors a chance to buy into high-quality names that will be first to benefit once inflation expectations moderate.

Morgans downgrades HomeCo Daily Needs REIT to Hold from Accumulate and reduces its target to $1.25 from $1.40.

FORECAST
Morgans forecasts a full year FY26 dividend of 8.60 cents and EPS of 9.10 cents.
Morgans forecasts a full year FY27 dividend of 8.80 cents and EPS of 9.60 cents.

UBS

xx/xx/xxxx

1

xxx

$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

15.87%

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

1
Rudi’s View: The August Results Test Awaits

Jul 01 2026 - Rudi's View
2
Australian Broker Call *Extra* Edition – Apr 29, 2026

Apr 29 2026 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 27-03-26

Mar 30 2026 - Weekly Reports
4
A-REITs: Debt And RBA Hikes vs Solid Momentum

Mar 12 2026 - Australia
5
In Case You Missed It – BC Extra Upgrades & Downgrades – 20-02-26

Feb 20 2026 - Weekly Reports

Latest REITs News

1
Treasure Chest: Stockland Group

Jul 01 2026 - Treasure Chest
2
Australian Listed Real Estate Tables – 29-06-2026

Jun 29 2026 - Weekly Reports
3
Australian Listed Real Estate Tables – 22-06-2026

Jun 22 2026 - Weekly Reports
4
Australian Listed Real Estate Tables – 15-06-2026

Jun 15 2026 - Weekly Reports
5
Australian Listed Real Estate Tables – 10-06-2026

Jun 10 2026 - Weekly Reports
6
Australian Listed Real Estate Tables – 02-06-2026

Jun 02 2026 - Weekly Reports
7
Australian Listed Real Estate Tables – 26-05-2026

May 26 2026 - Weekly Reports
8
Australian Listed Real Estate Tables – 11-05-2026

May 11 2026 - Weekly Reports
9
Australian Listed Real Estate Tables – 05-05-2026

May 05 2026 - Weekly Reports
10
Australian Listed Real Estate Tables – 27-04-2026

Apr 27 2026 - Weekly Reports