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HDN - HomeCo Daily Needs REIT

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HomeCo Daily Needs REIT will be an Australian Real Estate Investment Trust listed on the ASX with a mandate to invest in predominately metro-located, convenience based assets, across the target sub-sectors of Neighbourhood Retail, Large Format Retail and Health & Services.

At Completion, the REIT's Portfolio will consist of 15 stabilised, convenience focused assets, with a further 2 properties under development.

The Portfolio is strategically located with 94% of Properties in metropolitan growth corridors across NSW, VIC, QLD, WA and SA and has a Weighted Average Capitalisation Rate (WACR) of 5.95%, a Weighted Average Lease Expiry (WALE) of 8.4 years and an occupancy rate of 98% (by GLA).

It is anticipated that HDN will list on the ASX during November 2020.

 

Dona Ferentes

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nothing in it for the stags. IPO at $1.33, hit the boards today.

its an A-REIT

( More than a quarter of the trust's rental income will come from Woolworths and Coles leases, with Super Retail Group, Spotlight, IGA and Amart among the top 20 retailers by income.)

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