HomeCo Daily Needs REIT
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 C… Read more
HomeCo Daily Needs REIT (HDNRF) - Net Assets
Latest net assets as of June 2025: $3.07 Billion USD
Based on the latest financial reports, HomeCo Daily Needs REIT (HDNRF) has net assets worth $3.07 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.96 Billion) and total liabilities ($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 | $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 (2021–2025)
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 (2021–2025)
The table below shows the annual net assets of HomeCo Daily Needs REIT from 2021 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $3.07 Billion | +2.68% |
| 2024-06-30 | $2.99 Billion | -2.72% |
| 2023-06-30 | $3.08 Billion | -1.96% |
| 2022-06-30 | $3.14 Billion | +236.27% |
| 2021-06-30 | $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 (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $136.40 Million | 4.44% |
| Common Stock | $2.94 Billion | 95.56% |
| Total Equity | $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 |
|---|---|
|
Zhejiang CONBA Pharmaceutical Co Ltd
SHG:600572
|
$1.37 Billion |
|
Bank First National Corp
NASDAQ:BFC
|
$1.37 Billion |
|
IperionX Limited American Depositary Share
NASDAQ:IPX
|
$1.37 Billion |
|
Asker Healthcare Group AB
F:I88
|
$1.37 Billion |
|
China TransInfo Technology Co Ltd
SHE:002373
|
$1.37 Billion |
|
Teijin Limited
F:TIJ
|
$1.37 Billion |
|
Bossard Holding AG
OTCGREY:BHAGF
|
$1.37 Billion |
|
MMG Limited
PINK:MMLTF
|
$1.37 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 2024 to 2025, 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 (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $250.30 Million | +8.15% |
| Dividends Paid | $168.90 Million | -5.5% |
| Other Changes | $-1.10 Million | -0.04% |
| Total Change | $- | 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: 0.54x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | $1.70 | $0.79 | x |
| 2022-06-30 | $1.52 | $0.79 | x |
| 2023-06-30 | $1.49 | $0.79 | x |
| 2024-06-30 | $1.44 | $0.79 | x |
| 2025-06-30 | $1.48 | $0.79 | 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 |
|---|---|---|---|---|---|
| 2021 | 3.35% | 69.25% | 0.03x | 1.49x | $-62.01 Million |
| 2022 | 10.68% | 168.99% | 0.04x | 1.55x | $21.33 Million |
| 2023 | 3.32% | 29.38% | 0.07x | 1.57x | $-205.41 Million |
| 2024 | 2.74% | 24.86% | 0.07x | 1.60x | $-217.25 Million |
| 2025 | 8.15% | 68.63% | 0.07x | 1.61x | $-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: $22,048,860,627
- Average return on equity (ROE) among peers: 3.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HomeCo Daily Needs REIT (HDNRF) | $3.07 Billion | 3.35% | 0.61x | $1.37 Billion |
| Agree Realty Corporation (ADC) | $137.98 Million | 10.88% | 0.90x | $9.41 Billion |
| AEORF (AEORF) | $210.91 Billion | 5.61% | 0.83x | $1.34 Billion |
| Acadia Realty Trust (AKR) | $83.00 Million | 4.58% | 2.01x | $2.69 Billion |
| Alexander & Baldwin Holdings Inc (ALEX) | $1.07 Billion | 3.30% | 0.75x | $1.50 Billion |
| Alexanders Inc (ALX) | $50.92 Million | -34.84% | 17.09x | $515.62 Million |
| Saul Centers Inc (BFS) | $-4.60 Million | 0.00% | 0.00x | $453.57 Million |
| Brixmor Property (BRX) | $2.72 Billion | 9.94% | 2.08x | $8.61 Billion |
| CBL & Associates Properties Inc (CBL) | $1.08 Billion | 10.83% | 4.49x | $694.28 Million |
| Capital & Counties Properties PLC (CCPPF) | $2.51 Billion | 17.90% | 0.23x | $1.88 Billion |
| CapitaLand China Trust (CLDHF) | $1.93 Billion | 4.63% | 1.02x | $745.61 Million |