HomeCo Daily Needs Shows Solid Retail Tenant Demand Despite Gloomy Shopper Sentiment
Business Strategy and Outlook
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.
