HomeCo Daily Needs REIT (ASX:HDN) Net Income From Continuing Operations : A$-3.9 Mil (TTM As of Dec. 2023)

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What is HomeCo Daily Needs REIT Net Income From Continuing Operations?

Net Income From Continuing Operations indicates the net income that a firm brings in from ongoing business activities. These activities are expected to continue into the next reporting period. HomeCo Daily Needs REIT's net income from continuing operations for the six months ended in Dec. 2023 was A$-10.7 Mil. Its net income from continuing operations for the trailing twelve months (TTM) ended in Dec. 2023 was A$-3.9 Mil.

HomeCo Daily Needs REIT Net Income From Continuing Operations Historical Data

The historical data trend for HomeCo Daily Needs REIT's Net Income From Continuing Operations 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 Income From Continuing Operations Chart

HomeCo Daily Needs REIT Annual Data

Trend

Jun22

Jun23

Net Income From Continuing Operations

335.10

102.20

HomeCo Daily Needs REIT Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Net Income From Continuing Operations	120.60	214.50	95.40	6.80	-10.70

HomeCo Daily Needs REIT Net Income From Continuing Operations Calculation

Net Income From Continuing Operations indicates the net income that a firm brings in from ongoing business activities. These activities are expected to continue into the next reporting period. It excludes extraordinary items, income from the cumulative effects of accounting changes, non-recurring items, income from tax loss carry forward, and preferred dividends.

Net Income From Continuing Operations 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$-3.9 Mil.

HomeCo Daily Needs REIT (ASX:HDN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » HomeCo Daily Needs REIT (ASX:HDN) » Definitions » Net Income From Continuing Operations

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Traded in Other Exchanges

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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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