HomeCo Daily Needs REIT Units HDNRF
About Quantitative Ratings
Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.
Trading Information
- Previous Close Price
- $0.78
- Day Range
- $0.79–0.79
- 52-Week Range
- $0.78–0.79
- Bid/Ask
- $0.50 / $1.44
- Market Cap
- $1.64 Bil
- Volume/Avg
- 103 / 103
Key Statistics
- Price/Earnings (Normalized)
- 10.51
- Price/Sales
- 7.02
- Dividend Yield (Trailing)
- 6.94%
- Dividend Yield (Forward)
- 4.46%
- Total Yield
- 6.94%
Company Profile
HomeCo Daily Needs REIT, or HomeCo, is an externally managed property trust run by HMC Capital which also runs HealthCo Healthcare and Wellness REIT and unlisted funds. HomeCo targets 50% of assets in neighborhood malls, 30% large-format, and 20% in health and services. After merging with Aventus Retail REIT in 2022, HomeCo is overweight large-format (just under half its portfolio) and underweight neighborhood (one third of the portfolio), with health and services slightly below target. The plan is to move back to the target via redevelopment and tenant remixing, and potentially acquisitions. HomeCo seeks tenant leases before commencing developments, so we expect development opportunities will arise gradually, as population growth adds demand in HomeCo’s catchments.
- Sector
- Real Estate
- Industry
- REIT - Retail
- Stock Style Box
- Mid Value
- Total Number of Employees
- —
- Website
- https://www.home-co.com.au
Competitors
Valuation
|
Metric
|
HDNRF
|
CQR
|
BWP
|
|---|---|---|---|
Price/Earnings (Normalized) | 10.51 | 30.74 | 30.92 |
Price/Book Value | 0.81 | 0.73 | 0.94 |
Price/Sales | 7.02 | 8.95 | 14.00 |
Price/Cash Flow | 14.48 | 12.55 | 19.52 |
Price/Earnings
HDNRF
CQR
BWP
Financial Strength
|
Metric
|
HDNRF
|
CQR
|
BWP
|
|---|---|---|---|
Quick Ratio | 0.18 | 0.29 | 0.30 |
Current Ratio | 1.86 | 2.59 | 0.85 |
Interest Coverage | −0.10 | −2.73 | −0.11 |
Quick Ratio
HDNRF
CQR
BWP
Profitability
|
Metric
|
HDNRF
|
CQR
|
BWP
|
|---|---|---|---|
Return on Assets (Normalized) | −0.08% | 3.95% | −0.71% |
Return on Equity (Normalized) | −0.13% | 5.86% | −0.87% |
Return on Invested Capital (Normalized) | −0.16% | 4.04% | −0.08% |
Return on Assets
HDNRF
CQR
BWP
REIT - Retail Industry Comparables
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
O
| Realty Income Corp | Skvjnvczd | Yrsk | $46.4 Bil | |
SPG
| Simon Property Group Inc | Lqfrxcqkfx | Gccqr | $45.7 Bil | |
KIM
| Kimco Realty Corp | Sgdyhwyg | Rkvq | $12.5 Bil | |
UNIRF
| Unibail-Rodamco-Westfield ADR | — | Llfcdmd | $11.6 Bil | |
UNBLF
| Unibail-Rodamco-Westfield Act. SIIC ET STES FONC.EUROP. | — | Tzwgnv | $11.6 Bil | |
LKREF
| Link Real Estate Investment Trust | — | Mkkn | $11.0 Bil | |
REG
| Regency Centers Corp | Xfdbsvmky | Gcgzy | $10.9 Bil | |
STGPF
| Scentre Group | — | Zvxjp | $10.5 Bil | |
FRT
| Federal Realty Investment Trust | Xdcpcwcpp | Qvcn | $8.6 Bil | |
MAC
| Macerich Co | Xdsprmv | Tzf | $2.9 Bil |