HomeCo Daily Needs REIT
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 will proceed gradually, as population growth adds demand in HomeCo’s catchments.
Contact
1 Macquarie Place
Level 7, Gateway
Sydney NSW 2000
AUST: +61 1300466326
Sector
Real Estate
Stock type
Cyclical
Industry
REIT - Retail
Fiscal Year End
30 June 2025
Employees
HomeCo Daily Needs REIT News & Analysis
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Markets
Index
|
Last price
|
Change
|
% Change
|
|---|---|---|---|
| All Ordinaries | 8,217.00 | 25.10 | 0.31% |
| CAC 40 | 7,425.26 | 72.96 | 0.99% |
| DAX 40 | 18,443.56 | 141.66 | 0.77% |
| Dow JONES (US) | 40,829.59 | 484.18 | 1.20% |
| FTSE 100 | 8,270.84 | 89.37 | 1.09% |
| HKSE | 17,277.49 | 80.53 | 0.47% |
| NASDAQ | 16,884.60 | 193.77 | 1.16% |
| Nikkei 225 | 36,159.16 | 56.59 | -0.16% |
| NZX 50 Index | 12,632.82 | 11.20 | 0.09% |
| S&P 500 | 5,471.05 | 62.63 | 1.16% |
| S&P/ASX 200 | 8,011.90 | 23.80 | 0.30% |
| SSE Composite Index | 2,744.20 | 7.72 | 0.28% |
Market Movers
Name
|
Last price
|
Change
|
% Change
|
|---|---|---|---|
| Bowen Coking Coal Ltd BCB | 0.01 | 0.00 | -22.22% |
| Red 5 Ltd RED | 0.29 | 0.01 | -1.72% |
| Pilbara Minerals Ltd PLS | 2.36 | 0.05 | -2.07% |
| Telstra Group Ltd TLS | 3.95 | 0.03 | 0.77% |
| GPT Group GPT | 5.09 | 0.01 | -0.20% |
| Steadfast Group Ltd SDF | 5.32 | 0.64 | -10.74% |
| South32 Ltd S32 | 2.99 | 0.02 | 0.67% |
| Appen Ltd APX | 1.34 | 0.10 | 7.63% |
| Core Lithium Ltd CXO | 0.09 | 0.00 | 4.76% |
| Scentre Group SCG | 3.54 | 0.01 | -0.28% |