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HomeCo Daily Needs REIT (ASX:HDN) Price-to-Tangible-Book : 0.88 (As of May. 21, 2024)


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What is HomeCo Daily Needs REIT Price-to-Tangible-Book?

As of today (2024-05-21), HomeCo Daily Needs REIT's share price is A$1.26. HomeCo Daily Needs REIT's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$1.44. Hence, HomeCo Daily Needs REIT's Price to Tangible Book Ratio of today is 0.88.

The historical rank and industry rank for HomeCo Daily Needs REIT's Price-to-Tangible-Book or its related term are showing as below:

ASX:HDN' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.8   Med: 0.85   Max: 1.07
Current: 0.88

During the past 2 years, HomeCo Daily Needs REIT's highest Price to Tangible Book Ratio was 1.07. The lowest was 0.80. And the median was 0.85.

ASX:HDN's Price-to-Tangible-Book is ranked worse than
53.87% of 839 companies
in the REITs industry
Industry Median: 0.83 vs ASX:HDN: 0.88

A closely related ratio is called PB Ratio. As of today, HomeCo Daily Needs REIT's share price is A$1.26. HomeCo Daily Needs REIT's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$1.44. Hence, HomeCo Daily Needs REIT's P/B Ratio of today is 0.88.

HomeCo Daily Needs REIT Price-to-Tangible-Book Historical Data

The historical data trend for HomeCo Daily Needs REIT's Price-to-Tangible-Book 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.

* Premium members only.

HomeCo Daily Needs REIT Price-to-Tangible-Book Chart

HomeCo Daily Needs REIT Annual Data
Trend Jun22 Jun23
Price-to-Tangible-Book
0.84 0.80

HomeCo Daily Needs REIT Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Price-to-Tangible-Book 1.07 0.84 0.85 0.80 0.85

Competitive Comparison of HomeCo Daily Needs REIT's Price-to-Tangible-Book

For the REIT - Retail subindustry, HomeCo Daily Needs REIT's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution in the REITs Industry

For the REITs industry and Real Estate sector, HomeCo Daily Needs REIT's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where HomeCo Daily Needs REIT's Price-to-Tangible-Book falls into.


HomeCo Daily Needs REIT Price-to-Tangible-Book Calculation

HomeCo Daily Needs REIT's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2023 )
=1.26/1.436
=0.88

* 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.

It can also be calculated from the numbers for the whole company:

Price to Tangible Book=Market Cap/Tangible Equity
=Market Cap/(Total Stockholders Equity-Preferred Stock-Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

HomeCo Daily Needs REIT Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of HomeCo Daily Needs REIT's Price-to-Tangible-Book 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 » Price-to-Tangible-Book
Comparable Companies
ASX:CQR ASX:DXC ASX:CDP ASX:RGN ASX:SCG SPG O ASX:VCX HKSE:00823 KIM REG SGX:C38U FRT NNN XPAR:LI XPAR:URW BRX ADC TSE:3462 SGX:N2IU
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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