HomeCo Daily Needs REIT (ASX:HDN) Interest Expense : A$-70.1 Mil (TTM As of Dec. 2023)

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What is HomeCo Daily Needs REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. HomeCo Daily Needs REIT's interest expense for the six months ended in Dec. 2023 was A$ -36.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-70.1 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. HomeCo Daily Needs REIT's Operating Income for the six months ended in Dec. 2023 was A$ 120.5 Mil. HomeCo Daily Needs REIT's Interest Expense for the six months ended in Dec. 2023 was A$ -36.3 Mil. HomeCo Daily Needs REIT's Interest Coverage for the quarter that ended in Dec. 2023 was 3.32. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

HomeCo Daily Needs REIT Interest Expense Historical Data

The historical data trend for HomeCo Daily Needs REIT's Interest 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 Interest Expense Chart

HomeCo Daily Needs REIT Annual Data

Trend

Jun22

Jun23

Interest Expense

-23.00

-58.20

HomeCo Daily Needs REIT Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	-8.40	-14.60	-24.40	-33.80	-36.30

HomeCo Daily Needs REIT Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-70.1 Mil.

HomeCo Daily Needs REIT (ASX:HDN) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

HomeCo Daily Needs REIT's Interest Expense for the six months ended in Dec. 2023 was A$-36.3 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$120.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$1,627.2 Mil.

HomeCo Daily Needs REIT's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	120.5	/	-36.3
	=	3.32

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. HomeCo Daily Needs REIT interest coverage is 3.43, which is low.

HomeCo Daily Needs REIT (ASX:HDN) Business Description

Industry

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

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.

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