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

$1.405

15 Sep
2025

0.015

OPEN

$1.40

1.08%

HIGH

$1.41

2,745,142

LOW

$1.39

TARGET
$1.368 -2.6% downside
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 . 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% 2.8% xxx
PE Ratio xxx N/A 15.6 xxx
Dividend Yield xxx N/A 6.2% xxx
Div Pay Ratio(%) xxx 70.7% 97.1% xxx

Dividend yield today if purchased 3 years ago: 6.75%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.12

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 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

5
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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Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

15/08/2025

3

Neutral

$1.40

-0.36%

On further inspection, UBS retains its $1.40 target price and Neutral rating.

The analyst credits management for achieving solid performance in recent years with higher interest rates, but notes the attractive valuation and dividend yield is largely discounted and well understood.

*****

At first peek, HomeCo Daily Needs REIT reported in-line FY25 funds from operations, with FY26 guidance meeting consensus and 2% above UBS estimates on lower costs. An 8.5c dividend was pre-announced.

Net disposals came in at -$70m as expected over FY26, with the strategic goal to fund developments with capex. The analyst anticipates more sales will be required in FY26/FY27, but this could be ameliorated if valuation improvements are better than expected.

Given the context around the perceived challenges for HMC Capital ((HMC)), UBS believes investors like the stability and yield of this REIT.

FORECAST
UBS forecasts a full year FY26 dividend of 9.00 cents and EPS of 9.00 cents.
UBS forecasts a full year FY27 dividend of 9.00 cents and EPS of 9.00 cents.

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

0

xxxxxxxxx xx xxxxxxxx

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

17/02/2025

1

Upgrade to Buy from Hold

$1.36

-3.20%

HomeCo Daily Needs REIT's 1H25 funds from operations proved marginally short of Moelis' estimates. The REIT reiterated FY25 guidance of 8.8c which requires a slightly stronger 2H but management attributed it to the timing difference between acquisitions and divestments.

The broker highlights the REIT's portfolio performance has shown consistent operating metrics improvement over the last 4-5 years, reflective of the management's strategy execution and overall portfolio curation.

Target price rises marginally to $1.36 from $1.35. Rating upgraded to Buy from Hold on recent share price weakness.

FORECAST
Moelis forecasts a full year FY26 dividend of 8.60 cents and EPS of 8.70 cents.
Access Extra Coverage Research History >

HDN STOCK CHART

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Aug 15 2025 - Australia
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Jul 30 2025 - Rudi's View

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