RAM Essential Services Property Fund (REP) AI Stock Analysis

• Market Cap: AU$288.11M
• Dividend Yield: 8.7%
• Average Volume (3M): 301.41K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.44
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: AU$0.50 ▼(-13.79% Downside)

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

Strong revenue growth indicates effective market positioning and demand for the company's properties, supporting long-term income stability.

Operational Efficiency

A healthy EBIT margin reflects strong operational management, which can sustain profitability even amidst broader financial challenges.

Stable Cash Flow

Stable cash flow generation provides a buffer against financial volatility, ensuring the company can meet its obligations and invest in growth.

Negative Factors

High Leverage

High leverage increases financial risk, potentially limiting the company's ability to invest in new opportunities or weather economic downturns.

Negative Profitability

Negative profitability undermines financial health, reducing the company's ability to reinvest in its business and reward shareholders.

Decline in Free Cash Flow Growth

A decline in free cash flow growth can strain financial resources, impacting the company's capacity to fund operations and growth initiatives.

RAM Essential Services Property Fund Business Overview & Revenue Model

Company Description

RAM Essential Services Property Fund (REP) is an investment fund focused on acquiring and managing essential services properties across Australia. The fund targets sectors such as healthcare, education, and logistics, which are considered resilient and vital to the economy. REP's core products include diversified property investments that provide stable rental income and long-term capital growth, catering to institutional and retail investors looking for exposure to defensive asset classes.

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	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	57.88M	57.88M	55.66M	56.32M	36.51M
Gross Profit	57.88M	57.88M	55.66M	35.03M	4.98M
EBITDA	33.54M	33.54M	31.96M	36.73M	15.14M
Net Income	-5.53M	-5.53M	-11.36M	-15.66M	42.53M
Balance Sheet
Total Assets	690.66M	690.66M	751.55M	816.83M	832.33M
Cash, Cash Equivalents and Short-Term Investments	4.40M	4.40M	9.41M	11.95M	15.82M
Total Debt	267.21M	267.21M	284.51M	300.43M	257.01M
Total Liabilities	292.55M	292.55M	307.06M	312.56M	281.68M
Stockholders Equity	198.62M	198.62M	220.43M	250.60M	282.44M
Cash Flow
Free Cash Flow	24.43M	24.43M	31.50M	19.72M	5.07M
Operating Cash Flow	24.43M	24.43M	31.50M	19.72M	5.07M
Investing Cash Flow	21.18M	21.18M	18.78M	-35.50M	-157.73M
Financing Cash Flow	-50.62M	-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: Negative
• 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 below the 20-day moving average (MA) of 0.58, below the 50-day MA of 0.60, and below the 200-day MA of 0.58, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 43.48 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 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
MAM	72 Outperform	AU$76.43M	10.71	32.22%	6.67%	22.67%	19.47%
FID	69 Neutral	AU$370.92M	19.94	32.31%	3.97%	10.61%	23.34%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
TGP	60 Neutral	AU$57.60M	13.60	3.00%	4.27%	77.63%	1420.00%
REP	53 Neutral	AU$288.11M	-26.14	-2.64%	8.70%	4.20%	50.11%
CVC	46 Neutral	AU$250.77M	467.39	0.31%	―	36.51%	―

RAM Essential Services Property Fund Corporate Events

RAM Essential Services Property Fund Announces Securities Cessation

RAM Essential Services Property Fund announced the cessation of 100,225 fully paid units stapled securities due to an on-market buy-back as of March 31, 2025. This move is part of the company’s capital management strategy, potentially impacting its market positioning and investor relations by optimizing its capital structure.

RAM Essential Services Property Fund Announces September 2025 Quarter Distribution

RAM Essential Services Property Fund has announced the September 2025 quarter distribution details for its stapled security, comprising units in both the RAM Australia Retail Property Fund and RAM Australia Medical Property Fund. The distribution, set at 1.2500 cents per stapled security, will be paid on 24 October 2025. The announcement highlights the fund’s status as a withholding managed investment trust and provides estimated distribution components, primarily for non-resident withholding tax purposes. This distribution reflects the fund’s ongoing commitment to delivering stable returns to its investors.

RAM Essential Services Fund Advances Healthcare REIT Transition with Strong Q1 Distribution

RAM Essential Services Property Fund announced a Q1 FY26 distribution of 1.25 cents per unit, aligning with its guidance and reflecting its strategic shift towards a healthcare-focused REIT. The fund has successfully divested 12 assets for approximately $120 million and plans further divestments, supporting its transition to a healthcare-heavy portfolio. With a robust financial outlook, the fund reaffirms its annual distribution guidance, offering an attractive yield. The transition is bolstered by strong investor support and favorable market conditions, including demographic trends driving increased demand for healthcare services.

RAM Essential Services Property Fund Announces Key Leadership Changes

RAM Essential Services Property Fund has appointed Mr. Kieran Pryke as the new Board Chair and Ms. Esther Yik as the new Company Secretary, effective September 26, 2025. These leadership changes are expected to strengthen the company’s governance and compliance capabilities, potentially enhancing its operational efficiency and stakeholder confidence.

RAM Essential Services Property Fund Announces New Dividend Distribution

RAM Essential Services Property Fund announced a new dividend distribution for its fully paid units in stapled securities, as indicated by their ASX issuer code REP. This announcement marks a strategic financial move, potentially impacting the company’s stakeholders by highlighting its commitment to providing returns to investors, thereby reinforcing its position in the essential services property sector.

RAM Essential Services Property Fund Declares September 2025 Distribution

RAM Essential Services Property Fund has announced a distribution of 1.25 cents per stapled security for the quarter ending 30 September 2025, with key dates including an ex-distribution date of 29 September 2025 and a payment date of 24 October 2025. This distribution reflects REP’s commitment to providing stable and secure income to its security holders, reinforcing its position in the real estate investment sector with a focus on essential services properties.