The latest announcement is out from RAM Essential Services Property Fund ( (AU:REP) ).
For the half-year ending December 31, 2024, RAM Essential Services Property Fund reported a 4% increase in total income from ordinary activities. However, the company experienced an 86% reduction in net loss attributable to REP stapled group investors, amounting to a loss of $22,932. Funds from operations also declined by 10% to $10,848. The net asset value per security decreased from $0.88 to $0.81. Despite these financial challenges, the company distributed a total of 2.5 cents per security for the September and December quarters.
More about RAM Essential Services Property Fund
RAM Essential Services Property Fund (REP) is a stapled security comprising the RAM Australia Retail Property Fund and the RAM Australia Medical Property Fund. The company operates within the retail and medical property sectors in Australia, focusing on managing and investing in properties that provide essential services.
YTD Price Performance: 5.00%
Average Trading Volume: 391,304
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$316.9M
For detailed information about REP stock, go to TipRanks’ Stock Analysis page.