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

$1.255

23 Jul
2026

0.000

OPEN

$1.25

0.000

HIGH

$1.28

3,076,881

LOW

$1.25

TARGET
$1.325 5.6% 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 14.0 xxx
Dividend Yield xxx N/A 7.0% xxx
Div Pay Ratio(%) xxx 70.7% 97.1% xxx

Dividend yield today if purchased 3 years ago: 7.11%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.80

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 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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

2

xxxxxxx xx xxxxxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

21/04/2026

3

Equal-weight

$1.35

7.57%

Morgan Stanley highlights rising floating interest rates are likely to result in downward pressure on earnings across the REIT sector from FY27.

The analyst now assumes a 4.35% floating rate (ex margins) for unhedged debt positions for REITs in FY27 and 4% from FY28.

On average, REIT target prices have come down by around -7%. Against consensus, the broker sees downside risks to those earnings forecasts.

HomeCo Daily Needs REIT's target price falls to $1.35 from $1.45. Equal-weight rated. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY26 EPS of 9.00 cents.
Morgan Stanley forecasts a full year FY27 EPS of 9.00 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

16.33%

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

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