Homeco Daily Needs REIT (HDN) - Net Assets

Latest as of June 2025: AU$3.07 Billion AUD

Based on the latest financial reports, Homeco Daily Needs REIT (HDN) has net assets worth AU$3.07 Billion AUD as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$4.96 Billion) and total liabilities (AU$1.89 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$3.07 Billion
% of Total Assets	61.94%
Annual Growth Rate	34.71%
5-Year Change	N/A
10-Year Change	N/A
Growth Volatility	102.62

Homeco Daily Needs REIT - Net Assets Trend (2020–2024)

This chart illustrates how Homeco Daily Needs REIT's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Homeco Daily Needs REIT (2020–2024)

The table below shows the annual net assets of Homeco Daily Needs REIT from 2020 to 2024.

Year	Net Assets	Change
2024-12-31	AU$3.07 Billion	+2.68%
2023-12-31	AU$2.99 Billion	-2.72%
2022-12-31	AU$3.08 Billion	-1.96%
2021-12-31	AU$3.14 Billion	+236.27%
2020-12-31	AU$933.10 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Homeco Daily Needs REIT's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 1821.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	AU$136.40 Million	4.44%
Common Stock	AU$2.94 Billion	95.56%
Total Equity	AU$3.07 Billion	100.00%

Homeco Daily Needs REIT Competitors by Market Cap

The table below lists competitors of Homeco Daily Needs REIT ranked by their market capitalization.

Company	Market Cap
Pacific Shuanglin Bio pharmacy Co Ltd SHE:000403	$1.80 Billion
Beijing Bei Mo Gao Ke Friction Mate SHE:002985	$1.80 Billion
Bursa Malaysia Bhd KLSE:1818	$1.80 Billion
SJW Group Common Stock NYSE:SJW	$1.80 Billion
Zhejiang Jiahua Energy Chemical Industry Co Ltd SHG:600273	$1.79 Billion
Fletcher Building Ltd AU:FBU	$1.79 Billion
Xuzhou Handler Special Vehicle Co Ltd SHE:300201	$1.79 Billion
Guizhou Panjiang Refined Coal Co Ltd SHG:600395	$1.79 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Homeco Daily Needs REIT's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 2,992,500,000 to 3,072,800,000, a change of 80,300,000 (2.7%).
Net income of 250,300,000 contributed positively to equity growth.
Dividend payments of 168,900,000 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	AU$250.30 Million	+8.15%
Dividends Paid	AU$168.90 Million	-5.5%
Other Changes	AU$-1.10 Million	-0.04%
Total Change	AU$-	2.68%

Book Value vs Market Value Analysis

This analysis compares Homeco Daily Needs REIT's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.82x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has increased from 0.72x to 0.82x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2020-12-31	AU$1.70	AU$1.22	x
2021-12-31	AU$1.52	AU$1.22	x
2022-12-31	AU$1.49	AU$1.22	x
2023-12-31	AU$1.44	AU$1.22	x
2024-12-31	AU$1.48	AU$1.22	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Homeco Daily Needs REIT utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 8.15%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 68.63%
• Asset Turnover: 0.07x
• Equity Multiplier: 1.61x
Recent ROE (8.15%) is above the historical average (5.65%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2020	3.35%	69.25%	0.03x	1.49x	AU$-62.01 Million
2021	10.68%	168.99%	0.04x	1.55x	AU$21.33 Million
2022	3.32%	29.38%	0.07x	1.57x	AU$-205.41 Million
2023	2.74%	23.07%	0.07x	1.60x	AU$-217.25 Million
2024	8.15%	68.63%	0.07x	1.61x	AU$-56.98 Million

Industry Comparison

This section compares Homeco Daily Needs REIT's net assets metrics with peer companies in the REIT - Retail industry.

Industry Context

Industry: REIT - Retail
Average net assets among peers: $6,173,320,833
Average return on equity (ROE) among peers: 7.12%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Homeco Daily Needs REIT (HDN)	AU$3.07 Billion	3.35%	0.61x	$1.80 Billion
Carindale Property Trust (CDP)	$570.99 Million	7.76%	0.43x	$313.78 Million
Charter Hall Retail REIT (CQR)	$117.24 Million	0.65%	0.64x	$1.56 Billion
Dexus Convenience Retail REIT (DXC)	$233.79 Million	10.27%	0.53x	$260.25 Million
Region Group (RGN)	$1.72 Billion	10.18%	0.57x	$1.86 Billion
Scentre Group (SCG)	$23.55 Billion	5.01%	0.69x	$13.05 Billion
Vicinity Centres (VCX)	$10.85 Billion	8.86%	0.46x	$8.27 Billion

About Homeco Daily Needs REIT

AU:HDN Australia REIT - Retail

Market Cap

$1.80 Billion

AU$2.54 Billion AUD

Market Cap Rank

#6788 Global

#140 in Australia

Share Price

AU$1.22

Change (1 day)

-0.82%

52-Week Range

AU$1.18 - AU$1.41

All Time High

AU$1.41