# Homeco Daily Needs REIT (HDN.AU)

Canonical: https://gigainvestors.com/s/HDN.AU

Analysis as of: 2026-10-16T07:42:06.652Z. 

Listing currency: AUD. Reporting currency: AUD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: pass; earnings resilience is evidence only). Published buy qualification: no.

Share price: AUD 1.08 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

## Price story

Down 32% since Dec 2021

Story as of 2026-10-16T10:01:29.089Z; price observation 2026-10-15.

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in property rentals; annual sales are AUD 412.6 million.

- Source: https://eodhd.com/api/fundamentals/HDN.AU.json#2026-06-30 (filed 2026-10-16T07:42:06.652Z); FY2026: revenue 412600000; grossProfit 295000000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); HDN.AU: HomeCo Daily Needs REIT is an Australian Real Estate Investment Trust listed on the ASX with a mandate to invest in convenience-based assets across the target sub-sectors of Neighbourhood Retail, Large Format Retail and Health & Services. HomeCo Daily Needs REIT aims to provide unitholders with consistent and growing distributions. HomeCo Daily Needs REIT(ASX:HDN) operates independently of Home Consortium Limited as of December 31, 2020.

### Why customers stay

Margins ranged from 67.8% to 71.5% during 2024–26.

- Source: https://eodhd.com/api/fundamentals/HDN.AU.json#2024-06-30 (filed 2026-10-16T07:42:06.652Z); FY2024: grossProfit / revenue = 67.8%.

- Source: https://eodhd.com/api/fundamentals/HDN.AU.json#2025-06-30 (filed 2026-10-16T07:42:06.652Z); FY2025: grossProfit / revenue = 68.9%.

- Source: https://eodhd.com/api/fundamentals/HDN.AU.json#2026-06-30 (filed 2026-10-16T07:42:06.652Z); FY2026: grossProfit / revenue = 71.5%.

### Where the cash goes

Spends 68.4% of cash earnings on expansion; paid dividends in 6 of 6 years.

- Source: https://eodhd.com/api/fundamentals/HDN.AU.json#2021-06-30 (filed 2026-10-16T07:42:06.652Z); FY2021: growth capex 0; upkeep 0; owner earnings 16633342. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/api/fundamentals/HDN.AU.json#2022-06-30 (filed 2026-10-16T07:42:06.652Z); FY2022: growth capex 13999999; upkeep -8099999; cash acquisitions 0; owner earnings 332800000. Growth capex plus acquisitions / owner earnings = 0.0420673046875.

- Source: https://eodhd.com/api/fundamentals/HDN.AU.json#2023-06-30 (filed 2026-10-16T07:42:06.652Z); FY2023: growth capex 213700000; upkeep -18300000; cash acquisitions 0; owner earnings 99940000. Growth capex plus acquisitions / owner earnings = 2.1382829697818693.

- Source: https://eodhd.com/api/fundamentals/HDN.AU.json#2024-06-30 (filed 2026-10-16T07:42:06.652Z); FY2024: growth capex 0; upkeep 0; owner earnings 114060000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/api/fundamentals/HDN.AU.json#2025-06-30 (filed 2026-10-16T07:42:06.652Z); FY2025: growth capex 0; upkeep 0; owner earnings 284100000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/api/fundamentals/HDN.AU.json#2026-06-30 (filed 2026-10-16T07:42:06.652Z); FY2026: growth capex 247200000; upkeep -27900000; owner earnings 361600000. Growth capex / owner earnings = 0.6836283185840708.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:42:06.652Z); Dividend observations: [[2021,11700000],[2022,80100000],[2023,164600000],[2024,165400000],[2025,168900000],[2026,173200000]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 16.5% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); HDN.AU SharesStats.PercentInsiders = 16.48 percentage points; cache date 2026-10-16.

### What the price says

The price is 5.5 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:42:06.652Z); Closing price 1.08 AUD; reporting-to-trading FX 1; FY2026 annual sales per share 0.1974900385038564; price multiple 5.468630256907417. FY2026 cash earnings/share 0.17307900611486787. Closing-price date 2026-10-15.

## Monthly share-price history (AUD per share)

- 2020-12: AUD 1.19 per share

- 2021-01: AUD 1.20 per share

- 2021-02: AUD 1.21 per share

- 2021-03: AUD 1.21 per share

- 2021-04: AUD 1.25 per share

- 2021-05: AUD 1.31 per share

- 2021-06: AUD 1.33 per share

- 2021-07: AUD 1.41 per share

- 2021-08: AUD 1.59 per share

- 2021-09: AUD 1.58 per share

- 2021-10: AUD 1.44 per share

- 2021-11: AUD 1.38 per share

- 2021-12: AUD 1.60 per share

- 2022-01: AUD 1.37 per share

- 2022-02: AUD 1.54 per share

- 2022-03: AUD 1.43 per share

- 2022-04: AUD 1.42 per share

- 2022-05: AUD 1.35 per share

- 2022-06: AUD 1.28 per share

- 2022-07: AUD 1.38 per share

- 2022-08: AUD 1.29 per share

- 2022-09: AUD 1.13 per share

- 2022-10: AUD 1.28 per share

- 2022-11: AUD 1.32 per share

- 2022-12: AUD 1.28 per share

- 2023-01: AUD 1.35 per share

- 2023-02: AUD 1.32 per share

- 2023-03: AUD 1.15 per share

- 2023-04: AUD 1.20 per share

- 2023-05: AUD 1.20 per share

- 2023-06: AUD 1.17 per share

- 2023-07: AUD 1.20 per share

- 2023-08: AUD 1.23 per share

- 2023-09: AUD 1.15 per share

- 2023-10: AUD 1.07 per share

- 2023-11: AUD 1.13 per share

- 2023-12: AUD 1.22 per share

- 2024-01: AUD 1.27 per share

- 2024-02: AUD 1.25 per share

- 2024-03: AUD 1.27 per share

- 2024-04: AUD 1.23 per share

- 2024-05: AUD 1.21 per share

- 2024-06: AUD 1.16 per share

- 2024-07: AUD 1.27 per share

- 2024-08: AUD 1.26 per share

- 2024-09: AUD 1.25 per share

- 2024-10: AUD 1.22 per share

- 2024-11: AUD 1.25 per share

- 2024-12: AUD 1.14 per share

- 2025-01: AUD 1.19 per share

- 2025-02: AUD 1.19 per share

- 2025-03: AUD 1.18 per share

- 2025-04: AUD 1.23 per share

- 2025-05: AUD 1.27 per share

- 2025-06: AUD 1.25 per share

- 2025-07: AUD 1.28 per share

- 2025-08: AUD 1.35 per share

- 2025-09: AUD 1.36 per share

- 2025-10: AUD 1.37 per share

- 2025-11: AUD 1.35 per share

- 2025-12: AUD 1.37 per share

- 2026-01: AUD 1.29 per share

- 2026-02: AUD 1.30 per share

- 2026-03: AUD 1.18 per share

- 2026-04: AUD 1.27 per share

- 2026-05: AUD 1.24 per share

- 2026-06: AUD 1.28 per share

- 2026-07: AUD 1.26 per share

- 2026-08: AUD 1.11 per share

- 2026-09: AUD 1.08 per share

- 2026-10: AUD 1.08 per share

## Annual estimated value (AUD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.

## Reported holder observations