HomeCo Daily Needs REIT Company Profile and Analysis

HomeCo Daily Needs REIT is a retail property trust that focuses on the daily needs sector of the retail market. It was established in 2017 and is listed on the Australian Securities Exchange (ASX).

The trust's strategy is to acquire and develop properties that meet the daily needs of consumers, such as supermarkets, pharmacies, and convenience stores. HomeCo Daily Needs REIT has a strong portfolio of properties across Australia.

The trust's portfolio is diversified across different states and regions, with a focus on high-growth areas.

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HomeCo Daily Needs REIT is a real estate investment trust (REIT) that focuses on retail and daily needs properties. The company was established in 2013.

HomeCo Daily Needs REIT is listed on the Australian Securities Exchange (ASX) under the ticker code HDN.

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HomeCo Daily Needs REIT has a diverse board of directors, with a mix of experienced professionals in their 60s and 70s, and one member with an unknown age.

The company's board of directors has a total of six members, including Simon Shakesheff, who has been the Chairman since October 15, 2020.

Simon Tuxen, a 67-year-old director, joined the board on the same day as Simon Shakesheff.

The board also includes Stephanie Lai, whose age is unknown, and David Di Pilla, who joined the board on September 17, 2020.

Greg Hayes, a 66-year-old director, and Robyn Stubbs, a 61-year-old director, are also part of the board.

Robyn Stubbs is the youngest member of the board, joining on March 3, 2022, while David Di Pilla is the newest member, joining just a few days before the others.

Here is a list of the company's board of directors:

The company's management team includes Sid Sharma, the Chief Executive Officer, who joined on June 30, 2022.

HomeCo Daily Needs REIT is based at 1 Macquarie Place Level 7.

HomeCo Daily Needs REIT has a diverse group of shareholders who hold significant stakes in the company.

HMC Capital Limited is the largest shareholder, owning 12% of the company's equities and valuing at $177 million.

BlackRock Investment Management (Australia) Ltd. is another prominent shareholder, holding 1.597% of the company's equities and valuing at $24 million.

State Street Bank & Trust Co. also holds a notable stake, owning 1.515% of the company's equities and valuing at $22 million.

Franklin Templeton Australia Ltd. is another significant shareholder, holding 1.503% of the company's equities and valuing at $22 million.

David Di Pilla is a notable individual shareholder, owning 1.409% of the company's equities and valuing at $21 million.

Here's a breakdown of the top shareholders:

HomeCo Daily Needs REIT has shown a significant performance over the past year, with a current year return of +3.93%.

The REIT's 1-day and 1-week returns are also notable, both at +0.85%. This suggests a stable and consistent performance over short timeframes.

In the past 6 months, the REIT has experienced a modest decline of -1.24%. However, it's worth noting that this is a relatively small drop compared to some other investment options.

Here's a summary of the REIT's performance over different timeframes:

Annual Tax Statements are issued to investors at the end of each financial year in September.

These statements are issued by HMC Funds Management Limited as trustee for HomeCo Daily Needs REIT (ASX: HDN), which has elected to apply the Attribution Managed Investment Trust (AMIT) regime.

The statements are called Attribution Managed Investment Trust Member Annual Statements, and they're a crucial document for investors to complete their Australian income tax return.

If you hold HDN units on capital account, you'll receive an Annual Tax Statement, along with a taxation guide to help you with your tax return.

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If you're interested in investing in HomeCo Daily Needs REIT (ASX: HDN), you should know about their Distribution Reinvestment Plan (DRP). This plan allows you to reinvest your distributions in additional units of HDN without paying brokerage.

To participate in the DRP, you need to elect to do so by a certain deadline. The Last Election Date for the distribution will be notified to the ASX and posted on HDN's website when the next distribution is announced.

You can elect to participate in the DRP at any time, but you'll need to ensure your DRP participation notice is received or your online election is made before the Last Election Date. This is usually 5pm (AEST) on the Last Election Date.

To elect to participate in the DRP, you'll need to create a Portfolio on the MUFG Corporate Markets Investor Centre. This can be done by following the onscreen prompts.

You can find more information about the DRP by visiting the MUFG Corporate Markets Investor Centre at https://au.investorcentre.mpms.mufg.com. From there, you can choose 'Payments & Tax' and follow the prompts for Reinvestment Plans.

Here are some key dates to keep in mind:

Commercial REITs have been making headlines lately, with notable upgrades and earnings calls.

Barrenjoey Markets has upgraded HomeCo Daily Needs REIT to Overweight from Neutral, with a price target of AU$1.40.

This upgrade suggests that the market is optimistic about HomeCo Daily Needs REIT's future performance.

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Barrenjoey Markets upgraded HomeCo Daily Needs REIT to Overweight from Neutral, with a price target of AU$1.40.

This upgrade is a significant move, as it suggests the analysts have high expectations for the company's future performance.

The upgrade was made on October 3, 2024, and the price target is AU$1.40.

Another analyst, Jarden Research, also adjusted their price target for HomeCo Daily Needs REIT to AU$1.40 from AU$1.35, while keeping their recommendation at Overweight.

This adjustment was made on February 18, 2024.

Interestingly, not all analysts are as optimistic, as UBS adjusted their price target to AU$1.37 from AU$1.30, while keeping their recommendation at Neutral.

This adjustment was made on August 22, 2022.

Here's a summary of the analysts' recommendations:

HomeCo Daily Needs REIT is a retail-focused REIT that has been actively acquiring and developing convenience retail assets in Australia. The company's primary focus is on convenience retail, with a particular emphasis on daily needs stores.

The REIT's portfolio is comprised of a mix of freestanding stores, shopping centers, and convenience retail assets, with a strong presence in the eastern seaboard of Australia. HomeCo has a significant portfolio of assets in Queensland, New South Wales, and Victoria.

HomeCo's convenience retail assets are well-positioned to benefit from the growing demand for daily needs products and services in Australia's convenience retail market.

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Commercial REITs have been making waves in the market, with a 5-day change of +0.85% as of February 6, 2025.

The Australian market has seen a significant increase in HomeCo Daily Needs REIT, with a 1st Jan change of +0.85% and a 5-day change of +0.85%.

In a recent upgrade, Barrenjoey Markets has moved HomeCo Daily Needs REIT to Overweight from Neutral, with a price target of AU$1.40.

Here's a quick snapshot of the recent market activity:

HomeCo Daily Needs REIT has been making headlines with its recent earnings call, taking place on August 14, 2024.

The retail industry is a significant sector in the market, with various real estate investment trusts (REITs) performing differently. The average 5-day change for retail REITs is +1.58%, indicating a slight increase in stock prices.

Simon Property Group, Inc. has seen a substantial 30.94% increase in its stock price over the past year, making it one of the top performers in the sector. This is a notable change from its 5-day change of +3.16%.

HomeCo Daily Needs REIT has a market capitalization of $1.55 billion, which is significantly lower than Simon Property Group, Inc.'s $58.44 billion. Despite this, HomeCo Daily Needs REIT has still managed to increase its stock price by +0.85% over the past 5 days.

The weighted average by capitalization for retail REITs shows a +2.33% increase in stock prices over the past 5 days. This is a more significant increase than the average 5-day change of +1.58%.

Here is a list of the retail REITs mentioned in the article, along with their 5-day and 1-year changes:

In the industry, we see a few key competitors vying for market share. The most notable ones are Amazon, Walmart, and Target, which have a strong presence in the e-commerce and retail spaces.

These companies have been around for a while, with Amazon founded in 1994 and Walmart and Target dating back to 1962 and 1902, respectively.

Amazon's acquisition of Whole Foods in 2017 marked a significant shift in the market, allowing it to expand its grocery delivery services.

Walmart and Target have also been investing heavily in their e-commerce platforms, with Walmart's e-commerce sales growing by 37% in 2020.

Their competitive pricing strategies and extensive distribution networks have helped them maintain a strong market position.

Target's focus on offering a seamless shopping experience across online and offline channels has allowed it to differentiate itself from its competitors.

These companies' large market share and strong brand recognition make them formidable competitors in the industry.

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HomeCo Daily Needs REIT offers a stable investment option for those looking to diversify their portfolio. The stock's performance over the past year has been impressive, with a +3.93% return.

In the short term, the stock's daily and weekly performance has been steady, with a +0.85% return in both periods. This suggests that the stock is relatively stable and not prone to large fluctuations.

However, it's worth noting that the stock's performance over the past three months has been negative, with a -3.64% return. This could be a cause for concern for some investors.

For a longer-term perspective, it's worth looking at the stock's performance over the past six months, which has been relatively flat, with a -1.24% return. This suggests that the stock's performance has been stable over time.

Here's a summary of the stock's performance over different time periods:

Overall, HomeCo Daily Needs REIT's stock performance suggests that it's a stable investment option, but it's essential to keep an eye on the stock's performance over time to make informed investment decisions.

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HomeCo Daily Needs REIT has been making headlines lately. Barrenjoey Markets recently upgraded the REIT to Overweight from Neutral, with a price target of AU$1.40. This is a significant move that could impact investors.

The REIT reported a 1% rise in fiscal 2024 revenue, with a total of AU$356.1 million. This is a notable increase, but it's worth noting that the REIT's FFO (Funds From Operations) jumped slightly.

Here are some key dates to keep in mind:

The REIT's performance has been closely watched, and Morgan Stanley has been one of the firms following its progress. They have consistently rated the REIT as Equal-weight, with the most recent rating on 24-10-02.

HomeCo Daily Needs REIT has also made some notable announcements, including an application for quotation of securities in February 2025 and a fund payment notice in the same month.