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HomeCo Daily Needs REIT (ASX:HDN) 5-Year Yield-on-Cost % : 6.78 (As of Apr. 27, 2024)


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What is HomeCo Daily Needs REIT 5-Year Yield-on-Cost %?

HomeCo Daily Needs REIT's yield on cost for the quarter that ended in Dec. 2023 was 6.78.


The historical rank and industry rank for HomeCo Daily Needs REIT's 5-Year Yield-on-Cost % or its related term are showing as below:

ASX:HDN' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0   Med: 0   Max: 8.06
Current: 6.78


During the past 2 years, HomeCo Daily Needs REIT's highest Yield on Cost was 8.06. The lowest was 0.00. And the median was 0.00.


ASX:HDN's 5-Year Yield-on-Cost % is ranked worse than
53.41% of 835 companies
in the REITs industry
Industry Median: 7.1 vs ASX:HDN: 6.78

Competitive Comparison of HomeCo Daily Needs REIT's 5-Year Yield-on-Cost %

For the REIT - Retail subindustry, HomeCo Daily Needs REIT's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, HomeCo Daily Needs REIT's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where HomeCo Daily Needs REIT's 5-Year Yield-on-Cost % falls into.



HomeCo Daily Needs REIT 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of HomeCo Daily Needs REIT is calculated as

Yield-on-Cost=Dividend Yield %*(1+Dividend Growth Rate)^5

HomeCo Daily Needs REIT  (ASX:HDN) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.


HomeCo Daily Needs REIT 5-Year Yield-on-Cost % Related Terms

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HomeCo Daily Needs REIT (ASX:HDN) Business Description

Traded in Other Exchanges
N/A
Address
1 Macquarie Place, Level 7, Gateway, Sydney, NSW, AUS, 2000
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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