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

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What is HomeCo Daily Needs REIT Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. HomeCo Daily Needs REIT's Pre-Tax 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 pretax margin for the quarter that ended in Dec. 2023 was -5.99%.

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

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

ASX:HDN's Pretax Margin % is ranked worse than
73.11% of 792 companies
in the REITs industry
Industry Median: 33.16 vs ASX:HDN: -1.09

HomeCo Daily Needs REIT Pretax Margin % Historical Data

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

HomeCo Daily Needs REIT Annual Data

Trend

Jun22

Jun23

Pretax Margin %

168.99

29.43

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

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

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

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

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

HomeCo Daily Needs REIT Pretax Margin % Calculation

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

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

Pretax Margin	=	Pre-Tax Income (A: Jun. 2023 )	/	Revenue (A: Jun. 2023 )
	=	102.2	/	347.3
	=	29.43 %

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

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

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

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.

HomeCo Daily Needs REIT Pretax 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 » Pretax 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.

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