HomeCo Daily Needs REIT (ASX:HDN) Net Margin % : -5.99% (As of Dec. 2023)

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What is HomeCo Daily Needs REIT Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. HomeCo Daily Needs REIT's Net Income for the six months ended in Dec. 2023 was A$-10.7 Mil. HomeCo Daily Needs REIT's Revenue for the six months ended in Dec. 2023 was A$178.7 Mil. Therefore, HomeCo Daily Needs REIT's net margin for the quarter that ended in Dec. 2023 was -5.99%.

The historical rank and industry rank for HomeCo Daily Needs REIT's Net Margin % or its related term are showing as below:

ASX:HDN' s Net Margin % Range Over the Past 10 Years
Min: -1.09 Med: 99.21 Max: 168.99
Current: -1.09

ASX:HDN's Net Margin % is ranked worse than
72.66% of 790 companies
in the REITs industry
Industry Median: 31.845 vs ASX:HDN: -1.09

HomeCo Daily Needs REIT Net Margin % Historical Data

The historical data trend for HomeCo Daily Needs REIT's Net Margin % 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 Net Margin % Chart

HomeCo Daily Needs REIT Annual Data

Trend

Jun22

Jun23

Net Margin %

168.99

29.43

HomeCo Daily Needs REIT Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Net Margin %	211.95	151.70	57.30	3.76	-5.99

Competitive Comparison of HomeCo Daily Needs REIT's Net Margin %

For the REIT - Retail subindustry, HomeCo Daily Needs REIT's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % Distribution in the REITs Industry

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

* The bar in red indicates where HomeCo Daily Needs REIT's Net Margin % falls into.

HomeCo Daily Needs REIT Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

HomeCo Daily Needs REIT's Net Margin for the fiscal year that ended in Jun. 2023 is calculated as

Net Margin	=	Net Income (A: Jun. 2023 )	/	Revenue (A: Jun. 2023 )
	=	102.2	/	347.3
	=	29.43 %

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

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-10.7	/	178.7
	=	-5.99 %

HomeCo Daily Needs REIT (ASX:HDN) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

HomeCo Daily Needs REIT Net Margin % 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 » Net Margin %

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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