HomeCo Daily Needs REIT Pitch
Investment Strategy
Owner and developer of strategic last mile infrastructure focused on daily needs & services
Home
Co.
Daily Needs
REIT
MODEL PORTFOLIO
STRONG INVESTMENT
ACCRETIVE DEVELOPMENT
CONSTRUCTION
FUNDAMENTALS
PIPELINE
Portfolio Target
-50%
-30%
Neighbourhood
Large Format
Retail
Woolworths
THE GOOD GUYS
coles
JB HI-FI
Sp Paying To Hack
CHEMIST
WAREHOUSE
Harvey Norman
STRATEGIC REAL ESTATE
INFRASTRUCTURE
-20%
Health &
Services
$357/sqm
Average gross rent
$600m+
Development
pipeline
~13m people4
within 10km radius
Service
NSW
+6.0%
Leasing spreads¹
~7%
Target development
ROIC³
>83m
Annual
customer visitation5
Guardian
Childcare & Education
ANACONDA
ALDI
cornerstone health
SPOTLIGHT
UNNINGS
warehouse
nickscali
centrelink
>99%
Rent collection
>83%
National retailers²
2.5 million
site area (sqm)
-83%
Metropolitan locations
4.8 year
WALE²
High exposure to defensive and
noncyclical expenditure
Low and sustainable rents at
bottom of the landlord cost curve
37%
Site coverage
Underutilised landbank with
attractive development ROIC
-75%
Tenants offer
Click & Collect6
Powerful megatrends driving
tenant & customer demand
Notes: All FY23 metrics as at 30-Jun-23 include McGraths Hill and Menai Marketplace on an 100% basis and the disposal of Midland. 1. For new leases and renewals, includes Epping. 2. By gross income for signed leases and
signed MoUs. 3. Return on Invested Capital (ROIC) represents estimated fully stabilized cash yield on cost. 4. Australian Bureau of Statistics. 5. Includes customer visitation for Epping. 6. Weighted by gross income. Excludes fuel 5
and services tenants.View entire presentation