Research
UBS Upgrades HomeCo Daily Needs REIT to Buy from Neutral; Price Target is AU$1.30
HomeCo Daily Needs REIT (ASX:HDN) has an average rating of overweight and mean price target of AU$1.33, according to analysts polled by FactSet.
ASX:HDN
ASX:HDN
9 stories mentioning ASX:HDNUpdated 8d ago
Every FINWIRES story that references ASX:HDN, newest first.
What are analysts saying about ASX:HDN?
Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.
What's the latest news on ASX:HDN?
Asia
ASX Biggest Losers
Here are the ASX-listed companies with the biggest losses on Friday.Storage King (ASX:SKG): -9%, AU$1.164DMedical (ASX:4DX): -6%, AU$3.68Develop Global (ASX:DVP): -6%, AU$4.78IperionX (ASX:IPX): -6%, AU$3.27Paladin Energy (ASX:PDN): -5%, AU$10.06Alcoa Corp CDI (ASX:AAI): -5%, AU$69.67Almonty Industries CDI 1:1 (ASX:AII): -5%, AU$19.25HomeCo Daily Needs REIT (ASX:HDN): -4%, AU$1.16Mineral 260 (ASX:MI6): -4%, AU$0.75South32 (ASX:S32): -4%, AU$4.73
ASX 200ASX:4DXASX:AAIASX:AIIASX:DVPASX:HDNASX:IPXASX:MI6ASX:PDNASX:S32ASX:SKG
Asia
HomeCo Daily Needs REIT Needs to Prioritize Asset Sales to De-Lever Balance Sheet, Improve Cost of Capital, Jefferies Says
HomeCo Daily Needs REIT's (ASX:HDN) hedge book management has weighed on earnings growth, and the company needs to prioritize asset sales to de-lever its balance sheet and improve its cost of capital, Jefferies said in an Aug. 13 note.The company's roughly 36% gearing screens high on a sector-relative basis, especially when share prices are rewarding conservative balance sheets, the investment firm said.Valuation support and a temporary pause on development starts might support de-leveraging, although asset sales are needed to drive significant progress, Jefferies said.On an earnings call, the company said it has received AU$400 million to AU$500 million of unsolicited offers for assets across its portfolio. The equity research firm estimates that AU$400 million of disposals would see gearing fall towards the lower end of HomeCo's 30% to 40% target range.Additionally, HomeCo issued fiscal 2027 funds from operations per unit guidance of AU$0.088, implying a decline of 2.2% from fiscal 2026. But Jefferies said fiscal 2027 appears to be a low-to-mid single-digit FFO growth year for most real estate investment trusts.Jefferies downgraded its rating on HomeCo Daily Needs REIT to hold from buy, saying it currently sees a better risk-reward profile elsewhere across non-discretionary retail. It also lowered the company's price target to AU$1.30 from AU$1.44.
ASX:HDN
Asia
HomeCo Daily Needs REIT Fiscal 2026 FFO, Revenue Up
HomeCo Daily Needs REIT (ASX:HDN) logged AU$0.09 in funds from operations per unit for fiscal 2026, compared with AU$0.088 a year ago, a Thursday filing showed.For the 12 months ended June 30, revenue from ordinary activities was AU$379.4 million versus AU$365.7 million previously, the Australia-listed real estate investment trust added.The company reported a fiscal 2026 distribution per unit of AU$0.086, up from AU$0.085 a year earlier. The June quarter DPU of AU$0.0215 is payable Aug. 21 to shareholders of record as of June 30.HomeCo Daily Needs REIT guided for fiscal 2027 FFO per unit of AU$0.088 and DPU of AU$0.086.
ASX:HDN
Research
UBS Downgrades HomeCo Daily Needs REIT to Neutral from Buy; Price Target is AU$1.35
HomeCo Daily Needs REIT (ASX:HDN) has an average rating of overweight and mean price target of AU$1.40, according to analysts polled by FactSet.
ASX:HDN
Asia
ASX Preview: Australian Shares Set to Fall as Oil Drop on US-Iran Deal; Atlas Arteria Says IFM Global Unit Lifts Stake
Australian shares are poised to fall on Tuesday after oil prices tumbled to a three-month low following reports that the US and Iran signed a memorandum of understanding to end the conflict and reopen the Strait of Hormuz, erasing much of the crude's war-risk premium.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 1.7%, 3.1%, and 0.9%, respectively.In the macroeconomy, investors are eyeing the Reserve Bank of Australia's interest rate decision.In corporate news, Atlas Arteria (ASX:ALX) received notice that IFM Global Infrastructure Fund subsidiary Diamond Infraco 1 and its affiliates increased their holdings in the company to 38.26% from 34.48%.Including those held by or on behalf of the listed equity funds, Diamond Infraco 1 and its affiliates now have a 39.61% stake in Atlas Arteria, compared with 35.68% from the previous notice.HomeCo Daily Needs REIT (ASX:HDN) has reported a preliminary unaudited portfolio valuation gain of AU$92 million, or 1.8%, as at June 30, increasing the value of its portfolio to AU$5.19 billion from AU$5.1 billion at Dec. 31, 2025, primarily driven by net operating income growth.Australia's benchmark index rose 1.3% or 110 points to close at 8,914 on Monday.
ASX 200ASX:ALXASX:HDN
Asia
HomeCo Daily Needs REIT Reports Preliminary AU$92 Million Portfolio Valuation Gain
HomeCo Daily Needs REIT (ASX:HDN) has reported a preliminary unaudited portfolio valuation gain of AU$92 million, or 1.8%, as at June 30, increasing the value of its portfolio to AU$5.19 billion from AU$5.1 billion at Dec. 31, 2025, primarily driven by net operating income growth, according to a Tuesday Australian bourse filing.Valuations were completed for all 46 wholly owned properties: 19 assets were independently valued, and the remaining 27 were valued internally, per the filing.The company maintained a solid balance sheet, with gearing positioned at the midpoint of its 30% to 40% target range, and reaffirmed its fiscal year 2026 distribution guidance of AU$0.086 per unit and funds from operations of AU$0.09 per unit, the filing said.The company declared a dividend of AU$0.0215 per share for the quarter ending June 30, payable Aug. 21 to shareholders on record as of June 30, the filing added.The company paid a dividend of AU$0.02125 per share in the prior corresponding period, an earlier filing showed.
ASX:HDN
Asia
HMC Capital Reaffirms Fiscal 2026 Operating Earnings Guidance; Shares Up 15%
HMC Capital (ASX:HMC) reaffirmed its fiscal 2026 pre-tax operating earnings per share (EPS) target of more than AU$0.40 and funds management earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance of AU$85 million, according to a Wednesday Australian bourse filing.The company reiterated its dividend guidance of AU$0.12 per share.The company said co-investment distributions of AU$32 million have been received from HomeCo Daily Needs REIT (ASX:HDN) and DigiCo Infrastructure REIT (ASX:DGT), with HCW not currently paying distributions. Investment income for fiscal 2026 is estimated at more than AU$53 million.From fiscal 2027, HMC said it will provide earnings guidance on an underlying basis to remove the uncertainty and volatility associated with fair value movements on its principal investments.The company's shares rose past 15% in recent Wednesday trade.
ASX:HDNASX:HMC
Asia
HomeCo Daily Needs REIT Sets Distribution Reinvestment Plan Price at AU$1.21 Per Unit
HomeCo Daily Needs REIT (ASX:HDN) said the distribution reinvestment plan (DRP) issue price is AU$1.21 per unit for the quarter ended March 31, according to a Tuesday Australian bourse filing.DRP units will be issued on or around May 22, ranking equally with existing securities, the filing added.
ASX:HDN
