HomeCo Daily Needs REIT (ASX:HDN) Accounts Payable & Accrued Expense : A$60.6 Mil (As of Dec. 2023)

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What is HomeCo Daily Needs REIT Accounts Payable & Accrued Expense?

HomeCo Daily Needs REIT's quarterly accounts payable & accrued expense increased from Dec. 2022 (A$58.7 Mil) to Jun. 2023 (A$105.8 Mil) but then declined from Jun. 2023 (A$105.8 Mil) to Dec. 2023 (A$60.6 Mil).

HomeCo Daily Needs REIT's annual accounts payable & accrued expense increased from . 20 (A$0.0 Mil) to Jun. 2022 (A$117.0 Mil) but then declined from Jun. 2022 (A$117.0 Mil) to Jun. 2023 (A$105.8 Mil).

HomeCo Daily Needs REIT Accounts Payable & Accrued Expense Historical Data

The historical data trend for HomeCo Daily Needs REIT's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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HomeCo Daily Needs REIT Accounts Payable & Accrued Expense Chart

HomeCo Daily Needs REIT Annual Data

Trend

Jun22

Jun23

Accounts Payable & Accrued Expense

117.00

105.80

HomeCo Daily Needs REIT Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	24.90	117.00	58.70	105.80	60.60

HomeCo Daily Needs REIT Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

HomeCo Daily Needs REIT (ASX:HDN) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » HomeCo Daily Needs REIT (ASX:HDN) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

1 Macquarie Place, Level 7, Gateway, Sydney, NSW, AUS, 2000

Website

https://www.home-co.com.au

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 neighbourhood 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 neighbourhood (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.

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