RAM Essential Services Property Fund (REP) AI Stock Analysis

• Market Cap: AU$278.09M
• Dividend Yield: 8.47%
• Average Volume (3M): 301.41K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.39
• Revenue Growth: 4.20%
• EPS Growth: 50.11%
• Country: AU
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): >-0.01
• Shares Outstanding: 501,065,200
• 10 Day Avg. Volume: 223,319
• 30 Day Avg. Volume: 301,410
• PEG Ratio: 0.52
• Price to Book (P/B): 0.73
• Price to Sales (P/S): 2.49
• P/FCF Ratio: 5.90
• 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: AU$0.71
• Price Target Upside: 22.41% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: AU$0.54 ▼(-6.38% Downside)
• Action: Reiterated Date: 10/03/25
• Date: Action: Reiterated 10/03/25

The overall stock score is primarily influenced by the company's strong revenue growth and positive technical indicators. However, the negative profitability metrics and high leverage are significant concerns. The high dividend yield provides some compensation for the risks associated with negative earnings.

Positive Factors

Revenue Growth

A 27.21% revenue increase indicates durable demand or successful portfolio expansion driving recurring rental income. Over a 2-6 month horizon this bolsters net operating income, supports distribution capacity and gives management more flexibility to reinvest or reduce reliance on external funding.

Operational Efficiency

A 44.37% EBIT margin signals strong property-level operating performance and cost control, indicating resilient NOI even if post-financing profits are weak. This operational strength helps sustain cash available for capex and leasing, reducing vulnerability to short-term revenue volatility.

Cash Generation

Robust operating cash flow and a 1.0 free-cash-flow to net-income ratio show effective cash conversion from operations despite accounting losses. This provides a practical buffer to fund distributions, service debt and maintain assets over the medium term without immediate capital raises.

Negative Factors

High Leverage

A debt-to-equity ratio of 1.35 implies elevated financial leverage, increasing sensitivity to interest-rate moves and refinancing risk. This constrains strategic flexibility, can pressure distributions if rates rise, and raises the need for disciplined balance-sheet management in the coming months.

Negative Profitability

A -9.56% net margin shows the fund posts accounting losses after financing and non-op items. Persisting negative profitability limits retained earnings growth, can force reliance on external capital for expansion or dividends, and undermines long-term equity value creation if not addressed.

Declining Free Cash Flow Growth

A -14.32% free cash flow growth rate indicates diminishing incremental cash available for distributions, debt reduction or reinvestment. Over a 2-6 month horizon this trend can erode liquidity cushions and increase pressure to cut payouts or seek external financing if not stabilized.

RAM Essential Services Property Fund Business Overview & Revenue Model

Company Description

RAM Essential Services Property Fund is an REIT. It invests in high quality Australian medical and essential retail real estate assets, leased to essential services tenants. RAM Essential Services Property Fund is based in Australia.

How the Company Makes Money

REP generates revenue primarily through rental income from its portfolio of essential services properties. The fund leases these properties to tenants in sectors such as healthcare facilities, educational institutions, and logistics centers, which typically have long-term leases and stable occupancy rates. This provides a reliable cash flow. Additionally, REP may benefit from capital appreciation as property values increase over time. The company may also engage in strategic partnerships with property management firms and real estate developers to enhance property value and optimize operational efficiency, further contributing to its earnings.

RAM Essential Services Property Fund Financial Statement Overview

Summary

RAM Essential Services Property Fund shows strong revenue growth but struggles with profitability, as evidenced by negative net margins and return on equity. The company is highly leveraged, which could be risky in volatile markets. While cash flow generation is stable, the decline in free cash flow growth is a potential concern. Overall, the company needs to focus on improving profitability and managing its debt levels.

Income Statement

The company has shown a significant revenue growth rate of 27.21% in the latest year, indicating strong top-line growth. However, the net profit margin remains negative at -9.56%, reflecting ongoing profitability challenges. The EBIT margin is healthy at 44.37%, suggesting operational efficiency, but the negative net income is a concern.

Balance Sheet

The debt-to-equity ratio is relatively high at 1.35, indicating significant leverage, which could pose financial risks. The return on equity is negative at -2.78%, showing that the company is not generating profits from shareholders' equity. The equity ratio is not provided, but the high debt levels suggest a need for cautious financial management.

Cash Flow

The free cash flow growth rate is negative at -14.32%, which is concerning. However, the free cash flow to net income ratio is 1.0, indicating that the company is generating cash flow equivalent to its net income, despite the latter being negative. The operating cash flow is robust, but the decline in free cash flow growth needs attention.

Breakdown	Jun 2025	Jun 2024	Jun 2023	Jun 2022
Income Statement
Total Revenue	57.88M	55.66M	56.32M	36.51M
Gross Profit	57.88M	55.66M	35.03M	4.98M
EBITDA	33.54M	31.96M	36.73M	15.14M
Net Income	-5.53M	-11.36M	-15.66M	42.53M
Balance Sheet
Total Assets	690.66M	751.55M	816.83M	832.33M
Cash, Cash Equivalents and Short-Term Investments	4.40M	9.41M	11.95M	15.82M
Total Debt	267.21M	284.51M	300.43M	257.01M
Total Liabilities	292.55M	307.06M	312.56M	281.68M
Stockholders Equity	198.62M	220.43M	250.60M	282.44M
Cash Flow
Free Cash Flow	24.43M	31.50M	19.72M	5.07M
Operating Cash Flow	24.43M	31.50M	19.72M	5.07M
Investing Cash Flow	21.18M	18.78M	-35.50M	-157.73M
Financing Cash Flow	-50.62M	-52.82M	11.90M	160.67M

RAM Essential Services Property Fund Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.58
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:REP, the sentiment is Negative. The current price of 0.58 is above the 20-day moving average (MA) of 0.56, above the 50-day MA of 0.57, and above the 200-day MA of 0.57, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.12 is Neutral, neither overbought nor oversold. The STOCH value of 35.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:REP.

RAM Essential Services Property Fund Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FID	73 Outperform	AU$340.61M	17.16	32.31%	4.00%	10.61%	23.34%
MAM	72 Outperform	AU$76.43M	8.42	32.22%	6.39%	22.67%	19.47%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
REP	53 Neutral	AU$278.09M	-24.55	-2.64%	8.47%	4.20%	50.11%
CVC	46 Neutral	AU$240.27M	445.65	0.31%	―	36.51%	―

RAM Essential Services Property Fund Corporate Events

RAM Essential Services Property Fund Sets Date for HY26 Results and Investor Call

RAM Essential Services Property Fund has scheduled the release of its half-year results for the period ended 31 December 2025 for 26 February 2026 and will brief analysts and investors via a same-day conference call, supported by an online results presentation. The planned disclosure and investor engagement underline the fund’s ongoing communication with the market at a time when performance of defensive, essential-service real estate assets remains closely watched by income-focused investors.

The most recent analyst rating on (AU:REP) stock is a Buy with a A$0.71 price target. To see the full list of analyst forecasts on RAM Essential Services Property Fund stock, see the AU:REP Stock Forecast page.

RAM Essential Services Property Fund Announces December 2025 Quarter Distribution Details

RAM Essential Services Property Fund has declared a distribution of 1.25 cents per stapled security for the quarter from 1 September to 31 December 2025, with a record date of 31 December 2025 and payment due on 30 January 2026. The trusts have been classified as withholding managed investment trusts and attribution managed investment trusts for this period, and REP has released estimated distribution components primarily for the use of custodians, nominees and other managed investment trusts, signalling continued income generation from its essential retail and medical property portfolio while clarifying that final tax components will be confirmed in investors’ 2026 AMIT Member Annual Statements.

The most recent analyst rating on (AU:REP) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on RAM Essential Services Property Fund stock, see the AU:REP Stock Forecast page.

RAM Essential Services Property Fund Declares Quarterly Distribution for December 2025

RAM Essential Services Property Fund has declared a quarterly distribution of AUD 1.25 cents per fully paid stapled security for the period ending 31 December 2025. The distribution will trade ex on 30 December 2025, with a record date of 31 December 2025 and payment scheduled for 30 January 2026, underscoring the fund’s commitment to regular income returns for security holders and signalling continued stability in its cash flow profile.

The most recent analyst rating on (AU:REP) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on RAM Essential Services Property Fund stock, see the AU:REP Stock Forecast page.