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: 6.66
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

$1.105

02 Sep
2026

0.005

OPEN

$1.10

0.45%

HIGH

$1.11

2,344,599

LOW

$1.10

TARGET
$1.30 17.6% 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 . SKG . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
HDN: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 17.3 8.8 xxx
DPS (cps) xxx 8.6 8.8 xxx
EPS Growth xxx 44.1% - 49.0% xxx
DPS Growth xxx 1.2% 1.9% xxx
PE Ratio xxx N/A 12.6 xxx
Dividend Yield xxx N/A 7.9% xxx
Div Pay Ratio(%) xxx 49.7% 99.2% xxx

Dividend yield today if purchased 3 years ago: 7.11%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.75

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

0.3

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

3

xxxxxxx xx xxxx xxxx xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

14/08/2026

3

Neutral

$1.17

5.88%

HomeCo Daily Needs REIT's FY26 funds from operations of 9.0cps, up 2.3% year on year, were in line with guidance. FY27 FFO guidance of 8.8cps, -2.2% down year on year, is below consensus of 9.1cps.

Management believes the current earnings pressure should moderate beyond FY27 if interest rates stabilise or decline, Macquarie notes, and highlighted $400-500m of unsolicited offers for assets around or above book value, suggesting substantial embedded liquidity within the portfolio.

The expiry of interest rate hedges, all things equal, will weigh on FFO and dividend growth, Macquarie warns, countering the attractive 7% dividend yield and -23% discount to net tangible asset value.

Operational performance continues to be solid, Macquarie suggests. The key debate now shifts to capital allocation. Target falls to $1.17 from $1.24, Neutral retained.

FORECAST
Macquarie forecasts a full year FY27 dividend of 8.60 cents and EPS of 8.60 cents.
Macquarie forecasts a full year FY28 dividend of 9.20 cents and EPS of 9.20 cents.

UBS

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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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

xxx

$xx.xx

xx.xx%

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Jarden

17/08/2026

2

Downgrade to Overweight from Buy

$1.40

26.70%

Jarden downgrades its rating for HomeCo Daily Needs REIT to Overweight from Buy with its target price decreased to $1.40 from $1.54.

The analyst notes debt cost headwinds continue weighing on growth despite sound underlying fundamentals at the asset level, pushing FY27 funds from operations back to levels last seen in FY22.

The path to closing the gap to net tangible assets appears less clear given leverage sits above the mid-point of the target range.

The broker's estimates suggest the retained Overweight rating reflects the underlying quality of the portfolio alongside consistent delivery of 4% like-for-like income growth.

The trust offers approximately 7.1% sustainable distribution per unit yield, maintaining its position as the preferred exposure among mid-cap shopping centre real estate investment trusts.
Access Extra Coverage Research History >

HDN STOCK CHART

FNArena News on HDN

1
Rudi’s View: Resilient, But August Fails To Excite

Sep 02 2026 - Rudi's View
2
Weekly Ratings, Targets, Forecast Changes – 21-08-26

Aug 24 2026 - Weekly Reports
3
In Case You Missed It – BC Extra Upgrades & Downgrades – 21-08-26

Aug 21 2026 - Weekly Reports
4
Rudi’s View: Beats, Misses And Early AI Signals

Aug 19 2026 - Rudi's View
5
Australian Broker Call *Extra* Edition – Aug 17, 2026

Aug 17 2026 - Daily Market Reports

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