AIMS Property Securities Fund (APW) AI Stock Analysis

• Market Cap: AU$138.90M
• Dividend Yield: N/A
• Average Volume (3M): 958.00
• Price to Earnings (P/E): 2.6
• Beta (1Y): -0.30
• Revenue Growth: -52.10%
• EPS Growth: 119.21%
• Country: AU
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Diversified
• EPS (TTM): 0.05
• Shares Outstanding: 44,519,080
• 10 Day Avg. Volume: 940
• 30 Day Avg. Volume: 958
• PEG Ratio: 0.02
• Price to Book (P/B): 0.61
• Price to Sales (P/S): 2.44
• P/FCF Ratio: -1.41K
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: AU$3.50 ▲(12.18% Upside)

The score is primarily supported by strong financial positioning (notably zero debt and strong reported profitability) and an attractive low P/E valuation. These positives are tempered by weaker cash flow conversion in 2025 and a soft technical setup with the stock trading below key moving averages and negative MACD.

Positive Factors

Balance Sheet Health

A zero-debt position reduces refinancing and interest-rate risk, providing financial stability and flexibility to navigate market fluctuations.

Profitability

High profitability indicates efficient operations and strong cost management, which can support sustained earnings and investor returns.

Equity Growth

Significant growth in equity and assets reflects a strong capital base, enhancing the company's ability to invest in future opportunities.

Negative Factors

Revenue Volatility

Volatile revenue trends can undermine earnings predictability and investor confidence, posing challenges to long-term strategic planning.

Cash Flow Weakness

Negative cash flow suggests earnings are not translating into cash, potentially limiting reinvestment capacity and financial resilience.

Earnings Quality Concerns

Inconsistent cash generation raises questions about the sustainability of reported profits, impacting long-term financial health and stability.

AIMS Property Securities Fund Business Overview & Revenue Model

Company Description

Aims Property Securities Fund is a close-ended fund of funds launched by MacArthurCook Ltd. The fund is managed by MacarthurCook Fund Management Limited. It invests in the funds investing in the real estate sector including unlisted property trusts/syndicates, wholesale property funds, listed property trust, listed property-related companies, and cash and fixed interest securities. The fund employs a fundamental analysis with a bottom-up stock picking approach focusing on factors such as skills of manager, quality of fund, quality of properties, debt management skills and commitment to income growth, financial strength, proven management, and business model strength to create its portfolio. It benchmarks the performance of its portfolio against the S&P/ASX200 Property Trust Accumulation Index. The fund conducts in-house research to make its investments. It was formerly known as MacArthurcook Property Securties Fund. Aims Property Securities Fund is domiciled in Australia.

How the Company Makes Money

AIMS Property Securities Fund (APW) generates revenue primarily through investments in a diversified portfolio of property securities, including both listed and unlisted assets. The fund earns money from dividends and distributions paid out by the entities in which it invests, as well as potential capital gains realized from the appreciation of these property securities. Additionally, APW may engage in strategic partnerships with property developers and other real estate entities to enhance its investment returns. The management of the fund also involves actively monitoring market conditions and adjusting its portfolio to maximize income and capital growth for its investors.

AIMS Property Securities Fund Financial Statement Overview

Summary

AIMS Property Securities Fund demonstrates strong financial health with significant revenue and profit growth, high margins, and a solid equity base with no debt. However, the cash flow position has weakened, which could impact future liquidity. Overall, the company is financially stable with excellent profitability but should monitor its cash generation closely.

Income Statement

The company exhibits a strong financial performance with a remarkable revenue growth rate of 1067.9% year-over-year. The gross profit margin stands at 100%, and the net profit margin is impressive at 94.5%. The EBIT margin is also high at 95.2%. However, EBITDA margin is negative due to depreciation or amortization costs. Overall, the income statement reflects solid profitability and growth.

Balance Sheet

The balance sheet is robust, with a debt-to-equity ratio of 0, indicating no debt burden. The equity ratio is nearly 100%, demonstrating a strong equity base. Return on equity is high at 14.5%, reflecting efficient use of shareholder capital. The company's assets are primarily funded by equity, offering stability and low risk.

Cash Flow

The cash flow statement shows a decline in operating cash flow from the previous year, and free cash flow growth rate is negative at -40.7%. The operating cash flow to net income ratio is 0.02, indicating low cash generation relative to earnings. However, free cash flow remains positive, providing some liquidity, albeit at lower levels than before.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	54.67M	54.67M	25.36M	2.17M	1.52M	1.46M
Gross Profit	54.67M	54.67M	25.36M	2.12M	1.43M	1.40M
EBITDA	0.00	0.00	-158.00K	-1.56M	-1.52M	12.77M
Net Income	52.58M	52.58M	23.98M	14.89M	4.04M	12.77M
Balance Sheet
Total Assets	218.64M	218.64M	165.18M	141.17M	126.27M	122.25M
Cash, Cash Equivalents and Short-Term Investments	2.90M	2.90M	3.00M	2.56M	1.88M	1.98M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	1.05M	1.05M	164.00K	142.00K	126.00K	145.00K
Stockholders Equity	217.60M	217.60M	165.02M	141.03M	126.14M	122.10M
Cash Flow
Free Cash Flow	-95.00K	-95.00K	434.00K	732.00K	-105.00K	223.00K
Operating Cash Flow	-95.00K	-95.00K	434.00K	732.00K	-105.00K	223.00K
Investing Cash Flow	0.00	0.00	0.00	-46.00K	0.00	87.00K
Financing Cash Flow	0.00	0.00	0.00	0.00	0.00	0.00

AIMS Property Securities Fund Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 3.12
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:APW, the sentiment is Neutral. The current price of 3.12 is below the 20-day moving average (MA) of 3.13, below the 50-day MA of 3.19, and above the 200-day MA of 2.99, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 45.84 is Neutral, neither overbought nor oversold. The STOCH value of 60.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:APW.

AIMS Property Securities Fund Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
APW	70 Outperform	AU$138.90M	2.64	27.48%	―	-52.10%	119.21%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
ABG	57 Neutral	AU$1.05B	39.20	1.70%	7.11%	4.69%	―
WOT	56 Neutral	AU$100.29M	-21.45	-2.01%	3.95%	-5.21%	-14350.00%
GOZ	53 Neutral	AU$1.87B	-15.01	-5.04%	8.12%	-0.33%	58.26%
CLW	52 Neutral	AU$2.89B	24.52	3.57%	6.14%	-9.63%	―
TOT	49 Neutral	AU$87.66M	66.39	1.03%	7.41%	-4.87%	―