HDN dividend – HomeCo Daily Needs REIT Pays 0.02075 Cash Dividend
March 29, 2023
Dividends Yield
HOMECO ($ASX:HDN): HomeCo Daily Needs REIT has declared to pay a cash dividend of 0.02075 on March 28 2023. Investors who are looking for dividend stocks may want to consider HomeCo Daily Needs REIT, as the company has a history of paying dividends per share of 0.08 AUD over the past two years. The dividend yield from 2022 to 2023 is estimated to be 6.32% and 5.65%, with an average yield of 5.98%.
The ex-dividend date is March 30 2023, so investors should be aware of this in order to make the most of this stock and its dividend payout. With its consistent dividend payments, investors can rest assured that their money will be well taken care of with this stock.
Share Price
This marked an increase from the prior closing price of AU$1.2, which was a 0.4% rise. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for HDN. More…
| Total Revenues | Net Income | Net Margin |
| 307.9 | 309.9 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for HDN. More…
| Operations | Investing | Financing |
| 206.4 | -140.3 | -51.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for HDN. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.77k | 1.62k | 1.52 |
Key Ratios Snapshot
Some of the financial key ratios for HDN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 68.9% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – HDN Intrinsic Stock Value
At GoodWhale, we recently conducted an analysis of the wellbeing of HOMECO DAILY NEEDS REIT. Through our proprietary Valuation Line, we have calculated an intrinsic value of AU$1.4 for each share of HOMECO. However, the current trading price for these shares is AU$1.2, indicating that the market is undervaluing the asset by 12.6%. This presents an opportunity for investors to purchase these shares at a discounted price and benefit from the potential upside offered by HOMECO. More…
Peers
It competes with Investore Property Ltd, Capital & Regional PLC, and Frasers Centrepoint Trust, all of which are companies that invest in and manage properties. HomeCo Daily Needs REIT seeks to provide its shareholders with attractive long-term returns through an active management approach and a diversified portfolio.
– Investore Property Ltd ($NZSE:IPL)
Investore Property Ltd (IPL) is a publically listed NZX-listed property investment and management company based in Auckland, New Zealand. As of 2023, the company had a market cap of 510.83M. This market cap is derived from the value of IPL’s operating assets, which include shopping centres, offices, and retail spaces throughout New Zealand. IPL is focused on providing both passive and active property investment solutions to its shareholders, and since its IPO in 2014, has grown to become one of the largest and most successful property companies in New Zealand.
– Capital & Regional PLC ($LSE:CAL)
Capital & Regional PLC is a real estate investment and asset management company that specializes in shopping centres, retail parks and high street retail locations in the UK. The company has a market cap of 94.75M as of 2023, which reflects the size and strength of the company. Its market capitalization is used to measure the value of the company and its ability to generate profits from the investments it makes. Capital & Regional PLC is one of the largest and most successful real estate companies in the UK, and its market cap reflects this.
– Frasers Centrepoint Trust ($SGX:J69U)
Frasers Centrepoint Trust is a real estate investment trust (REIT) listed on the Singapore Exchange. It is one of Singapore’s top REITs, managing a diversified portfolio of commercial and industrial assets, comprising retail malls (including Anchorpoint, Causeway Point, Northpoint City and YewTee Point), business parks (including Changi Business Park, Alexandra Technopark and Tampines Industrial Park) and offices (including Frasers Tower and The Bencoolen). As of 2023, Frasers Centrepoint Trust has a market cap of 3.86B. This is due to its strong performance and potential for further growth, as well as its strong portfolio of quality assets across multiple asset classes. With its broad exposure to the retail, office, and business park segments, Frasers Centrepoint Trust has been able to deliver steady returns for investors over the years.
Summary
HOMECO DAILY NEEDS REIT is a dividend stock worth considering for investors. The company has issued 0.08 AUD dividends per share for the past two years, making it an attractive option for those looking for higher yields. The dividend yield from 2022 to 2023 is estimated to be 6.32% and 5.65%, with an average yield of 5.98%.
Investors should carefully analyze the company’s financial statements, potential risks and rewards, and other factors to determine whether it is an appropriate investment. Detailed research is essential before making any decisions about investing in HOMECO DAILY NEEDS REIT.
