HOMECO DAILY NEEDS REIT (HDN)
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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

$1.15

20 Dec
2024

-0.005

OPEN

$1.15

-0.43%

HIGH

$1.16

4,403,704

LOW

$1.14

TARGET
$1.34 16.5% upside
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . ASK . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . 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 8.9 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 13.0 xxx
Dividend Yield xxx N/A 7.3% xxx
Div Pay Ratio(%) xxx 210.1% 94.8% xxx

Dividend yield today if purchased 3 years ago: 5.35%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.22

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: 27/06 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 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

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Ord Minnett

15/08/2024

3

Hold

$1.27

10.43%

Ord Minnett believes HomeCo Daily Needs REIT announced a "positive" FY24 earnings result.

The REIT acquired two assets for $118m in the 2H24 as management recycles assets for increased yield with both assets yields coming above the existing 5.64% weighted average capital return.

Management's FY25 guidance including a 8.5c dividend is as expected.

Target price is lifted 4.9% to $1.27 and Hold rating unchanged.

FORECAST
Ord Minnett forecasts a full year FY25 dividend of 8.50 cents.
Ord Minnett forecasts a full year FY26 dividend of 8.60 cents.

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$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

3

xxxx

$xx.xx

xx.xx%

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Jarden

20/08/2024

2

Overweight

$1.40

21.74%

HomeCo Daily Needs REIT's FY24 result large met consensus and Jarden's forecasts.

The broker says the company proactively managed weighted-average-cost of debt (WACD) issues through asset recycling, the company purchasing four quality daily needs assets.

The broker observes the company;s WACD is -1.1% below the 5.5% marginal cost of debt and that leasing metrics are holding ground thanks to strong net operating income.

More assets sales will have to flow from the capital structure, says the broker, if the company wishes to leverage opportunities for purchases and developments.

Overweight rating retained on valuation. Target price is steady at $1.40.

FORECAST
Jarden forecasts a full year FY25 dividend of 8.60 cents and EPS of 9.00 cents.
Jarden forecasts a full year FY26 EPS of 9.10 cents.
Access Extra Coverage Research History >

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