Australian Unity Office Fund (AU:AOF)
ASX:AOF
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Australian Unity Office Fund
(Sydney:AOF)
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Rating:49Neutral
Price Target:
AU$0.33
▼(-14.62% Downside)
Action:ReiteratedDate:12/30/25
The score is held back primarily by significant deterioration in financial performance (sharp revenue contraction, sustained losses, and a steep drop in free cash flow), partially offset by a low-risk balance sheet (zero debt). Technicals are neutral-to-weak with price below key longer-term averages, while valuation is supported by the very high dividend yield but tempered by a negative P/E tied to ongoing losses.
Positive Factors
Conservative balance sheet (zero debt)
A zero-debt capital structure materially reduces refinancing and solvency risk for an office REIT facing cyclical occupancy cycles. Over 2–6 months this provides financial flexibility to preserve operations, negotiate lease restructures, and avoid forced asset sales during downturns.
Negative Factors
Severe revenue contraction
An extreme drop in revenue over several years indicates material portfolio shrinkage or vacancy and directly reduces scale benefits. Persistently lower top line undermines fixed-cost coverage, weakens negotiating leverage with service providers and tenants, and constrains long-term earnings recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet (zero debt)
A zero-debt capital structure materially reduces refinancing and solvency risk for an office REIT facing cyclical occupancy cycles. Over 2–6 months this provides financial flexibility to preserve operations, negotiate lease restructures, and avoid forced asset sales during downturns.
Read all positive factors
Australian Unity Office Fund (AOF) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$59.18M
Dividend Yield15.14%
Average Volume (3M)44.94K
Price to Earnings (P/E)―
Beta (1Y)0.13
Revenue Growth-68.24%
EPS Growth42.03%
CountryAU
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Office
Share Statistics
EPS (TTM)-0.02
Shares Outstanding164,383,440
10 Day Avg. Volume72,985
30 Day Avg. Volume44,935
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)1.07
Price to Sales (P/S)11.02
P/FCF Ratio62.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Australian Unity Office Fund Business Overview & Revenue Model
Company Description
AOF is an ASX-listed REIT that wholly owns a diversified portfolio of nine office properties located across Australian metropolitan and CBD markets in Sydney, Adelaide, Melbourne, Brisbane and Canberra....
How the Company Makes Money
AOF makes money primarily from rental income generated by leasing office space in its property portfolio to tenants under commercial lease agreements. This rental revenue is typically supplemented by recoveries from tenants for certain property ou...
Australian Unity Office Fund Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
52
Neutral
Cash Flow
41
Neutral
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.08M | 24.77M | 31.64M | 46.65M | 50.88M |
| Gross Profit | -273.00K | 15.40M | 18.04M | 29.90M | 31.12M |
| EBITDA | -35.52M | -60.36M | -120.00K | 38.18M | 32.06M |
| Net Income | -35.59M | -61.39M | -4.44M | -48.35M | 23.26M |
Balance Sheet | |||||
| Total Assets | 78.51M | 252.97M | 358.23M | 554.00M | 649.38M |
| Cash, Cash Equivalents and Short-Term Investments | 25.96M | 25.20M | 43.86M | 3.26M | 8.94M |
| Total Debt | 0.00 | 0.00 | 0.00 | 169.59M | 190.16M |
| Total Liabilities | 5.52M | 23.74M | 44.60M | 182.51M | 204.54M |
| Stockholders Equity | 72.99M | 229.23M | 313.62M | 371.49M | 444.83M |
Cash Flow | |||||
| Free Cash Flow | 1.25M | 18.15M | 15.46M | 23.00M | 30.91M |
| Operating Cash Flow | 1.25M | 18.15M | 15.46M | 23.00M | 30.91M |
| Investing Cash Flow | 136.18M | 8.90M | 208.96M | 16.73M | 22.30M |
| Financing Cash Flow | -136.67M | -45.71M | -183.82M | -45.40M | -50.07M |
Australian Unity Office Fund Technical Analysis
Positive
0.39
Price Trends
0.36
Positive
0.37
Negative
0.40
Negative
Market Momentum
>-0.01
Negative
65.03
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AOF, the sentiment is Positive. The current price of 0.39 is above the 20-day moving average (MA) of 0.34, above the 50-day MA of 0.36, and below the 200-day MA of 0.40, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 65.03 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:AOF.
Australian Unity Office Fund Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
56 Neutral | AU$106.76M | -5.93 | -3.94% | 3.95% | -5.21% | -14350.00% | |
54 Neutral | AU$1.03B | 3.08 | 7.18% | 6.12% | -5.64% | 89.16% | |
53 Neutral | AU$567.47M | 2.79 | 6.22% | 8.63% | -4.50% | 88.28% | |
51 Neutral | AU$84.42M | 7.09 | 1.89% | 7.41% | -4.87% | ― | |
49 Neutral | AU$59.18M | -4.82 | -16.74% | 15.14% | -68.24% | 42.03% | |
46 Neutral | AU$323.89M | 5.21 | 4.91% | 7.69% | 17.85% | ― |
* Real Estate Sector Average
AU:AOF
Australian Unity Office Fund
0.36
-0.12
-25.00%
AU:GDI
GDI Property Group
0.60
0.02
3.45%
AU:COF
Centuria Office REIT
0.95
-0.12
-10.88%
AU:WOT
WOTSO Property
0.66
0.11
20.88%
AU:CMW
Cromwell Property Group
0.40
0.04
11.90%
AU:TOT
360 Capital REIT
0.39
0.05
15.38%
Australian Unity Office Fund Corporate Events
Australian Unity Office Fund Moves to Sell Key Brisbane Asset and Advance Delisting Plan
Apr 9, 2026
Australian Unity Investment Real Estate Limited, as responsible entity of Australian Unity Office Fund, has entered into a conditional agreement to sell the Charlotte Street office asset in Brisbane to a fund managed by Dexus Group for $40 million...
Australian Unity Office Fund Moves Toward Sale of Last Asset and Wind-Up
Feb 26, 2026
Australian Unity Office Fund reported net tangible assets of $69.8 million, or $0.42 per unit, as at 31 December 2025, underpinned by an updated independent valuation of $45.0 million for its sole remaining asset at 150 Charlotte Street in Brisban...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.