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Company Profile

  • Business description

    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 neighborhood 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 neighborhood (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.

  • Contact

    1 Macquarie Place
    Level 7, Gateway
    Sydney NSW 2000
    AUS

    T: +61 1300466326

    https://www.home-co.com.au

  • Sector

    Real Estate

    Stock type

    Cyclical

  • Industry

    REIT - Retail

    Fiscal Year End

    30 June 2024

    Employees

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Markets

Index
Last price
Change
% Change
All Ordinaries 7,917.10 5.10 -0.06%
CAC 40 7,954.39 5.99 0.08%
DAX 40 17,601.22 44.73 0.25%
Dow JONES (US) 38,949.02 23.39 -0.06%
FTSE 100 7,624.98 58.04 -0.76%
HKSE 16,536.85 253.95 -1.51%
NASDAQ 15,947.74 87.56 -0.55%
Nikkei 225 39,208.03 31.49 -0.08%
NZX 50 Index 11,750.02 13.30 -0.11%
S&P 500 5,069.76 8.42 -0.17%
S&P/ASX 200 7,660.40 2.60 -0.03%
SSE Composite Index 2,957.85 57.63 -1.91%

Market Movers

Name
Last price
Change
% Change
Sayona Mining Ltd SYA 0.04 0.00 2.56%
Tabcorp Holdings Ltd TAH 0.75 0.02 2.76%
BrainChip Holdings Ltd BRN 0.38 0.06 18.75%
Pilbara Minerals Ltd PLS 4.17 0.29 7.47%
Strike Energy Ltd STX 0.21 0.00 0.00%
Core Lithium Ltd CXO 0.22 0.01 -4.44%
Paladin Energy Ltd PDN 1.26 0.08 6.36%
Telstra Group Ltd TLS 3.80 0.04 -1.04%
Bigtincan Holdings Ltd BTH 0.22 0.01 -4.35%
Red 5 Ltd RED 0.33 0.01 3.17%