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HomeCo Daily Needs REIT (AU:HDN)
ASX:HDN
Earnings Data
Report Date
Aug 13, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.05Last Year’s EPS
0.04Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a solid operational and financial performance: FFO and NOI growth, strong leasing metrics, high occupancy and cash collection, positive valuation uplifts and reaffirmed guidance. The balance sheet shows prudent capital management with successful refinancing and increased hedging. Key risks highlighted were higher interest costs, a payout ratio above targeted levels (~106% of AFFO), and a cautious stance on near-term development deployment due to macro and rate uncertainty. On balance, the positives around portfolio quality, execution, valuation gains and reiterated guidance outweigh the challenges, though interest-rate-driven constraints and the need to right-size distributions are notable caveats.Company Guidance
FFO and Earnings Growth
FFO for the half was $92.4 million (FFO per unit $0.044), up from $0.043 in the prior corresponding period (management cited ~+2.5% FFO per unit growth). FY'26 FFO guidance reaffirmed at $0.09 per unit.
Distributions and Guidance
Distributions for the period were $0.043 per unit, up ~1.2% year-on-year. Management reaffirmed FY'26 distribution guidance of $0.086 per unit.
NOI and Leasing Metrics
Property NOI increased 4.6% to $148.7 million. Comparable NOI growth was ~4.0%, achieved alongside sector-leading leasing spreads of 6.2% across 97 deals, low incentives (under 4% overall), and WALE of 4.9 years.
Occupancy, Cash Collection and Portfolio Resilience
Occupancy and cash collections remained above 99%; management reports billing and collecting 99% of cash every month since IPO, demonstrating strong tenant performance and cashflow resilience.
Valuations and NTA Improvement
Fourth consecutive period of positive net valuation gains. Portfolio valuation growth since June: $212 million gross and $143 million net. NTA increased to $1.55 per unit from $1.47 at June (~+5.4%).
Balance Sheet and Capital Management
Gearing at 35.2% (34.6% adjusted post-period), at the midpoint of the 30–40% target range. Pro forma liquidity increased to $80 million following disposal of North Lakes. Weighted average cost of debt ~4.8% and weighted average cap rate 5.51%.
Hedging and Refinancing Success
Hedging increased to ~70% of debt; $810 million facility refinanced and extended to July 2028 with a margin reduction of ~42.5 bps; last tranche margin ~1.15% and group weighted margin ~1.3%—improving finance flexibility.
Scale, Location and Demand Metrics
Portfolio value ~$5.1 billion, 2.3 million sqm area, 36% site coverage enabling inbuilt growth. 84% metropolitan exposure with 40% in Sydney, 19% Melbourne, 17% Brisbane/Gold Coast. Serves ~12.7 million people within 10 km and >115 million annual customer visits. Population around centres forecast +21% over 10 years.
Development Track Record and Pipeline
Active development pipeline of ~$650 million targeting ROIC ≥7%; historic completions delivered >8.4% yield on cost. Notable wins: Warilla (forecast 10% ROIC on incremental spend and >20% economic return), Tuggerah (>7% return on cost and $18 million net valuation gain), Armstrong Creek ahead of schedule.
Retail Sales and Tenant Performance
Total MAT growth across reporting retailers +2.4%; non-supermarket tenants MAT +3.7%. Management emphasised strong retailer performance and healthy anecdotal sales momentum (noting seasonality effects).
ESG and Governance Progress
Achieved 4 Star Green Star ratings at two centres, expanded solar rollouts, maintained 50% gender diversity among independent directors, progressed Reflect Reconciliation Action Plan, and recognised as a regional top-rated ESG company for fourth consecutive year.
AU:HDN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AU:HDN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 10, 2026 | AU$1.30 | AU$1.29 | -0.38% |
Aug 13, 2025 | AU$1.24 | AU$1.25 | +1.21% |
Feb 13, 2025 | AU$1.10 | AU$1.11 | +0.81% |
Aug 13, 2024 | AU$1.12 | AU$1.14 | +1.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does HomeCo Daily Needs REIT (AU:HDN) report earnings?
HomeCo Daily Needs REIT (AU:HDN) is schdueled to report earning on Aug 13, 2026, After Close (Confirmed).
What is HomeCo Daily Needs REIT (AU:HDN) earnings time?
HomeCo Daily Needs REIT (AU:HDN) earnings time is at Aug 13, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of HomeCo Daily Needs REIT stock?
The P/E ratio of HomeCo Daily Needs REIT is N/A.
What is AU:HDN EPS forecast?
AU:HDN EPS forecast for the fiscal quarter 2026 (Q4) is 0.05.