HomeCo Daily Needs REIT Units HDN

Stock XASX Rating as of Oct 2, 2026

A$1.05 −0.01 (0.48%)

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As of Oct 2, 2026, 6:10:27 AM Delayed Price Closed

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HomeCo Daily Needs Shows Solid Retail Tenant Demand Despite Gloomy Shopper Sentiment

Yingqi Tan Aug 14, 2026

The investment strategy of HomeCo Daily Needs REIT is to own a network of convenience-based retail properties which focus on everyday needs and services. Two-fifths of the portfolio is neighborhood shopping centers, typically anchored by supermarkets and complemented by a small number of specialty stores like pharmacies, liquor shops, and essential services. Another 40% is large format retail, primarily homemaker offerings such as furniture and electrical appliances. There is also a small portfolio of healthcare, and wellness and lifestyle services assets.

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Price vs Fair Value

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HDN is trading at a LOCK|gPR>Gh premium.

Price

A$1.05

Oct 2, 2026

Fair Value

H.^

Jul 21, 2025

Uncertainty

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1-Star Price: LOCK|K@
5-Star Price: LOCK|<TW
Economic Moat: LOCK|N#c
Capital Allocation: LOCK|^Ty>Xtg

Bulls Say, Bears Say

Bulls

HomeCo’s portfolio is defensive against the rising threat of e-commerce, thanks to its focus on everyday goods and services, and nondiscretionary retail.

Bears

HomeCo’s portfolio is not as high-quality as those of other more established retail REITs. In a severe economic downturn, vacancies could rise faster than at rivals.

Trading Information

Previous Close Price: A$1.05
Day Range: A$1.04–1.06
52-Week Range: A$1.04–1.42
Bid/Ask: A$1.04 / A$1.05
Shares Outstanding: 2.09B
Market Cap: A$2.19B
Volume/Avg: 4M / 4M

Key Statistics

Price/Earnings (Normalized): 8.54
Price/Sales: 5.77
Dividend Yield (Trailing): 8.23%
Dividend Yield (Forward): 8.23%
Dividend Payment Schedule: Feb, May, Aug, Nov
Total Yield: 8.23%

Company Profile

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.

Sector: Real Estate
Industry: REIT - Retail
Stock Style Box: Small Value
Total Number of Employees: —
Website: https://www.hmccapital.com.au

Competitors

Valuation

Metric	HDN	VCX	RGN
Price/Earnings (Normalized)	8.54	11.96	13.17
Price/Book Value	0.67	0.87	146.14
Price/Sales	5.77	7.70	6.41
Price/Cash Flow	15.32	15.59	13.74

Price/Earnings

HDN

VCX

RGN

Financial Strength

Metric	HDN	VCX	RGN
Quick Ratio	0.40	0.20	0.27
Current Ratio	0.50	0.42	0.47
Interest Coverage	4.97	6.08	4.83

Quick Ratio

HDN

VCX

RGN

Profitability

Metric	HDN	VCX	RGN
Return on Assets (Normalized)	3.84%	8.26%	3.30%
Return on Equity (Normalized)	6.19%	11.97%	957.03%
Return on Invested Capital (Normalized)	5.72%	8.38%	4.95%

Return on Assets

HDN

VCX

RGN

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