HomeCo Daily Needs REIT

Company Profile

• Business description

  HomeCo Daily Needs REIT is a listed investment trust established and managed by HMC Capital, an ASX-listed alternative asset manager. HMC receives fees from HomeCo in exchange for property, investment, and development management services, and retains a minority interest in the REIT. HomeCo focuses on convenience-based assets that offer everyday goods and services, such as supermarkets, liquor stores, pharmacies, childcare, government and general services. Its portfolio also has a significant weighting to large format retail—a subsector that specializes in furniture, electrical appliances, and other homemaker offerings. Majority of HomeCo’s leases has fixed annual rate increases, and a smaller proportion are inflation-linked, with the rest commensurate with supermarket turnover.

• Contact

  Gateway
  Level 7, 1 Macquarie Place
  SydneyNSW2000
  AUS

  T: +61 1300466326

  https://www.hmccapital.com.au

• Sector

  Real Estate

  Stock type

  Cyclical

• Industry

  REIT - Retail

  Fiscal Year End

  Employees

  13,000