HomeCo Daily Needs REIT Units HDN

Morningstar Rating

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.

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