HDN FINANCIAL STATEMENTS

Homeco Daily Needs REIT — balance sheet, income statement and cash flow trends

HDNHomeco Daily Needs REIT

🇦🇺 Australia · AU · Real Estate · REIT - Retail

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q2 2025 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue378 M A$+6.4%

Gross Profit265.3 M A$+10.1%

Operating Income283.5 M A$+34.1%

EBITDA529 M A$+151.9%

Net Income401.1 M A$+389.1%

Peer Comparison· REIT - Retail

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
HDN	3.6%	70.2%	139.9%	106.1%
PMZ-UN	26.8%	56.8%	48.2%	28.5%
GTY	9.9%	27.3%	118.8%	40.1%
CBL	10.3%	10.9%	86.1%	29.8%
NTST	18.8%	90.2%	78.5%	5.4%
ALX	-3.7%	63.6%	51.5%	9.7%
Industry median	8.1%	62.1%	76.5%	35.2%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
HDN	3.6%	70.2%	139.9%	106.1%
RGN	2.5%	66.7%	57.2%	79.7%
CQR	-34.9%	55.5%	98.7%	200.5%
VCX	-2.6%	70.9%	102.0%	98.6%
SCG	1.8%	71.2%	86.8%	66.2%
Industry median	8.1%	62.1%	76.5%	35.2%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q2 2025

Equity3.2 B A$61%
Current Liabilities124.1 M A$2%
Long-term Liabilities2 B A$37%

Key Figures

YoY change

Total Assets5.2 B A$+8.5%

Total Liabilities2 B A$+9.4%

Total Equity3.2 B A$+7.9%

Cash & ST Investments25.4 M A$+104.8%

Total Debt1.8 B A$+9.1%

Net Debt1.8 B A$+8.4%

Peer Comparison· REIT - Retail

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
HDN	0.24	56.9%	3.43	62.2%
PMZ-UN	0.46	102.4%	7.90	48.1%
GTY	40.27	92.5%	3.70	50.0%
CBL	0.48	522.3%	3.58	15.0%
NTST	0.52	82.3%	7.70	53.6%
ALX	8.36	1,042.3%	7.98	8.3%
Industry median	0.83	82.3%	5.12	51.3%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q2 2025 · TTM

Key Figures

YoY change

Operating Cash Flow183.2 M A$+8.3%

Capital Expenditures0 A$—

Free Cash Flow183.2 M A$+8.3%

Dividends Paid-172.4 M A$—

Peer Comparison· REIT - Retail

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
HDN	48.5%	48.5%	0.0%	45.7%
PMZ-UN	33.0%	30.7%	2.3%	115.8%
GTY	58.0%	57.8%	0.2%	144.9%
CBL	46.5%	46.5%	85.3%	156.0%
NTST	56.0%	-61.9%	117.8%	1,043.7%
ALX	30.5%	30.5%	34.8%	313.7%
Industry median	48.1%	37.5%	17.4%	142.0%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 6, 26. This content is for informational purposes only and is not investment advice.