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
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.30

05 Dec
2022

-0.015

OPEN

$1.31

-1.14%

HIGH

$1.32

912,541

LOW

$1.30

TARGET
$1.418 9.1% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
URW . CQE . ABP . BWP . CDP . CHC . COF . CQR . DXS . FDC . GJT . GMF . IOF . LEP . NSR . SCG . TIX . TOF . SCP . GDF . PLG . VCX . WPR . CLW . GDI . AQR . WOT . NPR . AOF . ARF . AVN . RFF . ECF . DXI . TGP . ERF . IAP . CDP . CIP . REP . HCW . DXC .
FNARENA'S MARKET CONSENSUS FORECASTS
HDN: 1
Title FY21
Actual
FY22
Actual
FY23
Forecast
FY24
Forecast
EPS (cps) xxx 28.1 8.6 xxx
DPS (cps) xxx 8.3 8.4 xxx
EPS Growth xxx 100.0% - 69.3% xxx
DPS Growth xxx 100.0% 1.4% xxx
PE Ratio xxx N/A 15.1 xxx
Dividend Yield xxx N/A 6.5% xxx
Div Pay Ratio(%) xxx 29.5% 97.4% xxx

Dividend yield today if purchased 3 years ago: 34.50%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

6.30

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: 29/09 - ex-div 2.08c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2022 FactSet UK Limited. All rights reserved
Title 2022
EPS Basic 28.1
DPS All 8.3
Sales/Revenue 198.3 M
Book Value Per Share 151.7
Net Operating Cash Flow 146.9 M
Net Profit Margin 168.99 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 2022
Return on Capital Employed 16.46 %
Return on Invested Capital 10.99 %
Return on Assets 10.73 %
Return on Equity 16.46 %
Return on Total Capital 5.67 %
Free Cash Flow ex dividends 66.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

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EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.6

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

19/08/2022

3

Hold

$1.29

-0.77%

The HomeCo Daily Needs REIT FY22 result was broadly in line with expectations. Ord Minnett notes operating metrics, while solid, were overshadowed by the $14m capital for income swap and a slight miss on FY23 guidance.

Management has signalled that, despite a slowing housing market, positive rental reversions will still occur in FY23, driven by lower base rents.

Development commencements have accelerated and although construction costs have increased, this is absorbed by tenants. Ord Minnett maintains a Hold rating. The target dips to $1.29 from $1.30.

FORECAST
Ord Minnett forecasts a full year FY23 dividend of 8.00 cents and EPS of 8.00 cents.
Ord Minnett forecasts a full year FY24 dividend of 9.00 cents and EPS of 8.00 cents.

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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HDN STOCK CHART