HomeCo Daily Needs REIT (ASX:HDN) Book Value per Share : A$1.44 (As of Dec. 2023)

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What is HomeCo Daily Needs REIT Book Value per Share?

HomeCo Daily Needs REIT's book value per share for the quarter that ended in Dec. 2023 was A$1.44.

During the past 12 months, HomeCo Daily Needs REIT's average Book Value Per Share Growth Rate was -5.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

HomeCo Daily Needs REIT's current price is A$1.20. Its book value per share for the quarter that ended in Dec. 2023 was A$1.44. Hence, today's PB Ratio of HomeCo Daily Needs REIT is 0.81.

During the past 2 years, the highest P/B Ratio of HomeCo Daily Needs REIT was 0.92. The lowest was 0.00. And the median was 0.00.

HomeCo Daily Needs REIT Book Value per Share Historical Data

The historical data trend for HomeCo Daily Needs REIT's Book Value per Share 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 Book Value per Share Chart

HomeCo Daily Needs REIT Annual Data

Trend

Jun22

Jun23

Book Value per Share

1.52

1.48

HomeCo Daily Needs REIT Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Book Value per Share	1.49	1.52	1.52	1.48	1.44

Competitive Comparison of HomeCo Daily Needs REIT's Book Value per Share

For the REIT - Retail subindustry, HomeCo Daily Needs REIT's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

HomeCo Daily Needs REIT's PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, HomeCo Daily Needs REIT's PB Ratio distribution charts can be found below:

* The bar in red indicates where HomeCo Daily Needs REIT's PB Ratio falls into.

HomeCo Daily Needs REIT Book Value per Share Calculation

HomeCo Daily Needs REIT's Book Value Per Share for the fiscal year that ended in Jun. 2023 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(3,076.1	-	0.0)	/	2,074.4
	=	1.48

HomeCo Daily Needs REIT's Book Value Per Share for the quarter that ended in Dec. 2023 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(2,983.1	-	0.0)	/	2,077.8
	=	1.44

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

HomeCo Daily Needs REIT (ASX:HDN) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

HomeCo Daily Needs REIT Book Value per Share Related Terms

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HomeCo Daily Needs REIT (ASX:HDN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » HomeCo Daily Needs REIT (ASX:HDN) » Definitions » Book Value per Share

Comparable Companies

Traded in Other Exchanges

N/A

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.

HomeCo Daily Needs REIT (ASX:HDN) Headlines

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