HomeCo Daily Needs REIT (ASX:HDN) 3-Year Book Growth Rate : 0.00% (As of Dec. 2023)

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What is HomeCo Daily Needs REIT 3-Year Book Growth Rate?

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 average Book Value per Share growth rate.

Competitive Comparison of HomeCo Daily Needs REIT's 3-Year Book Growth Rate

For the REIT - Retail subindustry, HomeCo Daily Needs REIT's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate 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 3-Year Book Growth Rate Distribution in the REITs Industry

For the REITs industry and Real Estate sector, HomeCo Daily Needs REIT's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where HomeCo Daily Needs REIT's 3-Year Book Growth Rate falls into.

HomeCo Daily Needs REIT 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

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 average Book Value per Share growth rate.

HomeCo Daily Needs REIT (ASX:HDN) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

HomeCo Daily Needs REIT 3-Year Book Growth Rate Related Terms

Thank you for viewing the detailed overview of HomeCo Daily Needs REIT's 3-Year Book Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.

HomeCo Daily Needs REIT (ASX:HDN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » HomeCo Daily Needs REIT (ASX:HDN) » Definitions » 3-Year Book Growth Rate

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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