HomeCo Daily Needs REIT
AASX:HDN1.10
AUD
+0.01
(+0.92%)
HomeCo Daily Needs REIT
ASX:HDN
(Australian Securities Exchange)
Recent
price
1.10
P/E
ratio
7.39
div
yld
7.54%
ROIC.AI
Capital Structure
AUD
•
in mil. unless spec.Working Capital
AUD
•
in mil. unless spec.Growth Rates
AUD
•
in mil. unless spec.Semi-annual Revenue
AUD
•
in mil. unless spec.Semi-annual Earnings Per Share
AUD
•
in mil. unless spec.Semi-annual Dividends Per Share
AUD
•
in mil. unless spec.- Similar Companies
- Business
- HomeCo Daily Needs REIT (HDN.AX) is an Australian real estate investment trust that owns and manages a portfolio of neighbourhood retail and convenience properties primarily leased to grocery-anchored tenants. The company offers investors exposure to essential retail assets through its diversified holdings, including supermarkets, discount department stores, and everyday needs retailers such as Woolworths, Coles, Aldi, and Kmart; it focuses on dominant neighbourhood shopping centres with long-term leases to recession-resilient tenants. HomeCo Daily Needs REIT operates exclusively in Australia, with properties concentrated in New South Wales, Victoria, Queensland, and other states, targeting stable income generation from high-traffic, daily needs locations. Founded in 2020 and headquartered in Sydney, Australia, the REIT was established through the demerger of assets from HomeCo The Wellcome Group to specialize in daily needs retail. In recent developments, the company completed the acquisition of an additional portfolio of grocery-anchored centres in 2024, enhancing its scale to over 80 assets valued at approximately A$3 billion, and announced a strategic alliance with major tenants for lease extensions amid portfolio optimization efforts.