HMC Capital is an interesting business, an alternative asset manager that invests in real asset strategies on behalf of individuals, large institutions, and super funds. In 2022, it was on the acquisition trail for its new $1bn REIT, HMC, accumulating a health hub and child care centres.
Real Estate company HomeCo. (HMC) has been on the acquisition trail for its new $1bn REIT, the business has been accumulating a health hub and child care centres while at the same time selling a shopping centre in Bathurst. The stocks had a great few years and on valuation of 24.7x its not overly cheap MM believes this is a year where quality will shine and we can still see +20% upside over the coming year.
Home Consortium Limited, trading as HMC Capital, is an Australia-based company. The Company is an alternative asset manager that invests in real asset strategies on behalf of individuals, large institutions, and super funds. It is engaged in managing two real estate investment trusts (REITs), namely the HomeCo Daily Needs REIT and HealthCo Healthcare & Wellness REIT. HomeCo Daily Needs REIT invests in convenience-based assets across the target sub-sectors of neighborhood retail, large format retail, and health and services. HealthCo Healthcare & Wellness REIT invests in hospitals, aged care, childcare, government, life sciences and research, and primary care and wellness property assets, as well as other healthcare and wellness property adjacencies. The REIT's objective is to provide Unitholders with exposure to a diversified portfolio underpinned by megatrends, targeting stable and growing distributions, long-term capital growth and positive overall environmental and social impact.
Take a free 14 day Market Matters trial – full access to all our reports, portfolios, positions, buy and sell recommendations. Access the latest views on the latest developments from professional money managers. It's free and no payment details are required