Property Stocks Down Under 9 March 2022: Home Consortium Daily Needs REIT (ASX:HDN)
Home Consortium Daily Needs REIT: Is one REIT better than two?Home Consortium Daily Needs REIT (ASX: HDN) recently completed its merger with Aventus Group. The new merged entity has a $4bn portfolio focused on consumer staple retailers in metropolitan markets with high population growth and has identified a $500m+ development pipeline. Will the deal live up to expectations? The market appears to be sceptical given the discount HDN trades at relative to its peers. We however, having been sceptical of its valuation when it was trading at a premium to its NTA, now think it is worth its price. Click here to read the previous edition of Emerging Stocks Down Under published 2 March 2022. For in-depth research reports or to keep up-to-date on the latest Stocks Down Under news see our parent company, Pitt Street Research, or follow us on Facebook and Twitter.
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