HomeCo Daily Needs REIT
Industry Group: Real Estate
Country/Region: Australia
Identifier: ASX:HDN
HomeCo Daily Needs REIT, or HomeCo, is an externally managed property trust run by HMC Capital which also runs HealthCo Healthcare and Wellness REIT and unlisted funds. HomeCo targets 50% of assets in neighborhood malls, 30% large-format, and 20% in health and services. After merging with Aventus Retail REIT in 2022, HomeCo is overweight large-format (just under half its portfolio) and underweight neighborhood (one third of the portfolio), with health and services slightly below target. The plan is to move back to the target via redevelopment and tenant remixing, and potentially acquisitions. HomeCo seeks tenant leases before commencing developments, so we expect development will proceed gradually, as population growth adds demand in HomeCo’s catchments.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Real Estate 250 out of 1030
Universe
Global Universe 1042 out of 16009
What are the ESG Risk Ratings?
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Industry Comparison
Company | ESG Risk Rating | Industry Rank |
---|---|---|
Empire State Realty Trust, Inc. |
9.9
Negligible
|
102 out of 1030 |
Killam Apartment REIT |
11.8
Low
|
191 out of 1030 |
HomeCo Daily Needs REIT |
12.8
Low
|
250 out of 1030 |
Assura Plc |
12.9
Low
|
263 out of 1030 |
Region Group |
14.6
Low
|
368 out of 1030 |
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Our Approach to Calculating ESG Risk
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
HomeCo Daily Needs REIT's Exposure is Low
Management
Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.
HomeCo Daily Needs REIT's Management of ESG Material Risk is Average
How do the ESG Risk Ratings work?
Top Material ESG Issues for HomeCo Daily Needs REIT
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Controversy Rating
Highest Controversy level that has impacted HomeCo Daily Needs REIT's ESG Risk Rating in the last three years
Highest Controversy Level