HomeCo Daily Needs REIT
HDNRF
Other OTC0.79
USD
-NaN
- -
ISIN
AU0000113136
Return %
Stock
S&P500
1Y
- -
26.53
3Y
- -
76.60
5Y
-14.92
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Sid Sharma
- Sector
- Real Estate
- Industry
- REIT - Retail
- Address
- Level 7 Gateway Sydney NSW Australia 2000
- IPO Date
- Jun 7, 2022
- Website
- home-co.com.au
- Similar Companies
- Business
- HomeCo Daily Needs REIT (ASX: HDN) is an Australian real estate investment trust that owns and manages a portfolio of convenience-based retail properties focused on neighbourhood retail, large format retail, and health & services sub-sectors; its assets include supermarkets, liquor stores, pharmacies, childcare centres, government services, furniture outlets, electrical appliance stores, and homemaker offerings, primarily leased long-term to major national tenants such as Coles, JB Hi-Fi, Spotlight, and Super Retail Group with fixed annual rental increases, inflation-linked terms, or supermarket turnover provisions. The REIT, established in November 2020 and listed on the ASX, is externally managed by HMC Capital, which provides property, investment, and development management services in exchange for fees while retaining a minority interest; it operates 47 properties valued at approximately $4.9 billion across 2.4 million square metres of landbank in metropolitan growth corridors of New South Wales ($2.4 billion portfolio), Victoria ($1.1 billion), Queensland ($1.1 billion), Western Australia ($0.3 billion), and South Australia ($0.2 billion), achieving 99% occupancy, a weighted average cost of capital of 5.56%, and a weighted average lease expiry of 4.9 years. Headquartered at Level 31, Gateway, 1 Macquarie Place, Sydney, New South Wales 2000, Australia, the REIT targets unitholders with consistent and growing distributions supported by a $650 million future development pipeline, including $170 million of pre-committed projects aiming for over 7% return on invested capital. In recent developments, HomeCo Daily Needs REIT completed multi-million dollar acquisitions such as a six-property retail portfolio for A$222 million and the Armstrong Creek Shopping Centre for A$55.6 million to expand exposure to high-growth population corridors with long-term leased assets; it reported FY25 results with funds from operations per unit of 8.8 cents, a 3.0% portfolio valuation uplift to $4.83 billion across 46 assets, and comparable net operating income growth guidance of 4.0% for FY26; additionally, it relocated its registered office and principal place of business to Level 31, 1 Macquarie Place, Sydney, effective 11 August 2025.