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US Masters Residential Property Fund
(Sydney:URF)
US Masters Residential Property Fund (URF) vs. iShares MSCI Australia ETF (EWA)
US Masters Residential Property Fund Business Overview & Revenue Model
US Masters Residential Property Fund Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 36.74M | 43.13M | 45.78M | 39.57M | 45.09M |
| Gross Profit | 19.22M | 25.29M | 27.51M | 23.60M | 25.99M |
| EBITDA | -36.14M | 2.92M | 10.08M | 8.68M | 5.30M |
| Net Income | -44.56M | -18.97M | 6.91M | 21.14M | -95.52M |
Balance Sheet | |||||
| Total Assets | 811.61M | 936.56M | 1.02B | 975.36M | 1.03B |
| Cash, Cash Equivalents and Short-Term Investments | 84.51M | 43.54M | 55.03M | 57.51M | 75.34M |
| Total Debt | 360.59M | 459.09M | 505.02M | 482.95M | 568.61M |
| Total Liabilities | 411.24M | 515.32M | 565.96M | 530.56M | 623.54M |
| Stockholders Equity | 399.36M | 419.33M | 453.21M | 444.80M | 409.68M |
Cash Flow | |||||
| Free Cash Flow | -10.77M | -4.97M | -4.94M | -8.89M | -8.04M |
| Operating Cash Flow | -10.77M | -5.84M | -4.94M | -8.89M | -8.04M |
| Investing Cash Flow | 206.94M | 67.31M | 27.59M | 116.12M | 80.39M |
| Financing Cash Flow | -154.84M | -68.96M | -39.28M | -127.99M | -78.05M |
US Masters Residential Property Fund Technical Analysis
US Masters Residential Property Fund Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | AU$233.30M | 13.45 | 7.03% | 2.55% | 10.68% | -28.87% | |
63 Neutral | AU$409.14M | 20.64 | 4.00% | 6.95% | -0.80% | ― | |
58 Neutral | AU$415.38M | 78.69 | -0.39% | 11.14% | -14.19% | -115.93% | |
54 Neutral | AU$2.14B | 36.21 | 3.77% | 2.16% | 22.09% | -19.31% | |
54 Neutral | $1.21B | 3.69 | 0.13% | 6.81% | -2.13% | -128.06% | |
53 Neutral | AU$74.79M | ― | -26.33% | 12.53% | -7.19% | -94.37% | |
46 Neutral | AU$217.63M | ― | -10.88% | 2.45% | -26.43% | -144.83% |
US Masters Residential Property Fund Corporate Events
The US Masters Residential Property Group announced its weekly estimated unaudited net asset value (NAV) as of 18 July 2025, which stands at $0.461 per unit. This figure is preliminary and subject to change as the Fund is finalizing its half-yearly property portfolio valuation. The NAV calculation considers recent foreign exchange rates and a special distribution declared earlier in July. The ongoing property disposals are expected to slightly reduce the NAV per security due to transaction costs, impacting the overall value of the Group’s assets.
The US Masters Residential Property Group announced an estimated unaudited net asset value (NAV) of $0.456 per unit as of 11 July 2025. This figure is preliminary and subject to change pending the finalization of the half-yearly property portfolio valuation. The recent special distribution of $0.10 per Stapled Security and ongoing property disposals are expected to impact the NAV, reflecting the associated transaction costs.
US Masters Residential Property Group announced an estimated unaudited net asset value (NAV) of $0.556 per unit as of June 30, 2025, pending the completion of its half-yearly portfolio valuation. The company reported the sale of 15 assets for $20.75 million in June and detailed a robust sales pipeline with properties worth $179.58 million either under contract, listed, or in attorney review. Additionally, the company repurchased 1.26 million stapled securities in June and made a significant loan repayment of $12.77 million, reducing its outstanding loan balance to $150.82 million.
The US Masters Residential Property Group announced an estimated unaudited net asset value (NAV) of $0.465 per unit as of July 4, 2025, reflecting changes in the AUD:USD exchange rate. The Fund declared a special distribution of $0.10 per Stapled Security, with the NAV expected to decrease slightly as properties are sold and transaction costs are realized.
US Masters Residential Property Group announced its estimated unaudited net asset value (NAV) per unit as of June 27, 2025, at $0.566, reflecting adjustments due to changes in the AUD:USD exchange rate. The NAV is calculated without accounting for transaction costs associated with property sales, which may cause a slight decline in NAV as properties are disposed of. This update provides stakeholders with insight into the financial positioning of the group, although it does not guarantee future performance.
The US Masters Residential Property Group announced an estimated unaudited net asset value (NAV) of $0.573 per unit as of June 20, 2025. This figure is slightly adjusted from the previous month’s NAV of $0.574 per unit, reflecting changes in the AUD:USD exchange rate. The NAV is calculated in accordance with ASX listing rules and accounting standards but does not account for transaction costs associated with property sales. As the company continues to sell properties, the NAV per security is expected to decrease slightly.
US Masters Residential Property Group has successfully repatriated US$40 million from its US-based fund to the main fund, effective June 20, 2025. This move is part of the company’s ongoing capital management strategy, and further announcements regarding capital management will be communicated to security holders as decisions are made.
US Masters Residential Property Group announced its estimated unaudited net asset value (NAV) per unit as of June 13, 2025, at $0.570, reflecting a slight decrease from the previous month’s NAV of $0.574. This change accounts for fluctuations in the AUD:USD exchange rate, which was 0.6487 at the time of calculation. The company notes that as it continues to dispose of properties, the NAV per security is expected to decline slightly due to transaction costs associated with property sales. This update provides stakeholders with insights into the financial positioning of the fund, although it does not account for all intra-monthly accruals.
US Masters Residential Property Fund has announced an update regarding its ongoing buy-back program for its stapled securities, identified by the ASX code URF. The company reported a total of 1,964,151 securities bought back before the previous day, with an additional 130,232 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure effectively, potentially impacting its market positioning and providing value to its stakeholders.
US Masters Residential Property Group announced a net asset value of $0.574 per unit as of May 31, 2025, and reported the sale of 22 assets for $32.17 million in May. The company has a robust sales pipeline worth $192.99 million, with significant assets under contract or in attorney review. In May, the Group repurchased 399,859 units and made a special distribution to investors. The Group also repaid $16.95 million towards its General Atlantic Loan Facility, with an outstanding balance of $163.70 million.
US Masters Residential Property Fund has announced an update regarding its ongoing buy-back program for its stapled securities, identified by the ASX code URF. The announcement details the number of securities bought back, including 147,996 on the previous day, as part of a strategy to manage capital and potentially enhance shareholder value.
The US Masters Residential Property Group announced its estimated unaudited net asset value (NAV) as of June 6, 2025, at $0.576 per unit, reflecting a slight decrease from the previous month’s NAV. The valuation considers the AUD:USD exchange rate and does not account for intra-monthly accruals or transaction costs from property sales, which could further impact the NAV as properties are disposed of.
US Masters Residential Property Fund has announced an update regarding its ongoing buy-back program for its stapled securities, with a total of 142,232 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting its commitment to maintaining a robust market position.
US Masters Residential Property Fund has announced an update regarding its ongoing buy-back program. The fund, which is part of a stapled entity known as US Masters Residential Property Group, reported the purchase of 52,716 securities on the previous day, adding to the total of 1,260,752 securities bought back before that. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
US Masters Residential Property Fund has announced a daily buy-back of its fully paid units stapled securities, as part of its ongoing strategy to manage its capital structure. This move is expected to impact the company’s market positioning by potentially increasing the value of the remaining shares, thereby benefiting stakeholders.
US Masters Residential Property Fund has announced an update regarding its ongoing on-market buy-back of securities. As of the latest notification, the company has repurchased a total of 1,158,430 securities, reflecting its commitment to enhancing shareholder value. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially improve the market perception of its securities.
The US Masters Residential Property Group reported an estimated unaudited net asset value (NAV) of $0.580 per unit as of May 30, 2025, reflecting a slight decrease from the previous month’s NAV of $0.582. This change is attributed to fluctuations in the AUD:USD exchange rate and ongoing property disposals, which are expected to cause a gradual decline in NAV due to associated transaction costs. Stakeholders should note that these weekly NAV estimates do not account for all intra-monthly accruals, which are considered in the monthly updates.
US Masters Residential Property Fund has announced an update regarding its ongoing buy-back program, which includes the US Masters Residential Property Fund and US Masters Residential Property Fund II as a stapled entity. The latest notification reveals that a total of 112,523 securities were bought back on the previous day, contributing to a cumulative total of 717,336 securities repurchased. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
US Masters Residential Property Group announced an estimated unaudited net asset value (NAV) of $0.575 per unit as of May 23, 2025, reflecting adjustments due to currency exchange rates. The NAV is expected to decrease slightly as property sales continue, impacting the overall value of the group’s securities.
US Masters Residential Property Fund has announced an update regarding its ongoing on-market buy-back program. As of the latest notification, the company has repurchased a total of 287,336 securities on the previous day, adding to a cumulative total of 430,000 securities bought back. This buy-back initiative is part of the company’s strategy to manage its capital structure effectively, potentially enhancing shareholder value by reducing the number of outstanding securities.
US Masters Residential Property Group announced its estimated unaudited net asset value (NAV) per unit as of May 16, 2025, at $0.581, reflecting slight adjustments due to foreign exchange rates. The NAV, calculated in accordance with ASX listing rules, does not account for transaction costs associated with property sales, which may cause a gradual decline in NAV as properties are sold.
US Masters Residential Property Group has announced its weekly estimated unaudited net asset value (NAV) as of May 9, 2025, at $0.581 per unit. This NAV is calculated based on the most recent monthly estimate and adjusted for changes in the AUD:USD exchange rate. The announcement highlights that the NAV does not account for all intra-monthly accruals and transaction costs associated with property sales, which may lead to a slight decline in NAV as properties are disposed of. This update provides stakeholders with insights into the company’s financial positioning and potential impacts on investment value.
The US Masters Residential Property Group reported an estimated unaudited net asset value of $0.582 per unit as of April 30, 2025. In April, the company successfully closed the sale of 10 assets totaling $18 million and maintains a robust sales pipeline with $191.58 million in various stages of transaction. The Group has also executed a buyback program, purchasing 106.33 million securities since July 2022, and announced a distribution of 1 cent per stapled security. These actions are part of the Group’s ongoing capital management strategy, which includes maintaining a cash balance of $64.50 million after various allocations.
In its quarterly update for January to March 2025, US Masters Residential Property Group reported a robust sales performance despite economic uncertainties and high mortgage rates. The company closed the sale of 39 properties for US$48.07 million and maintained a sales pipeline valued at US$150.50 million. Operationally, the Group saw a 5% increase in Net Operating Income on a same-home basis, although it recorded a Funds From Operations loss of A$8.8 million, primarily due to holding costs and properties held vacant for sale. The proceeds from property sales were used to repay loans and fund security buybacks, with a special distribution declared post-quarter.
The US Masters Residential Property Group announced its estimated unaudited net asset value (NAV) as of 2 May 2025, which stands at $0.596 per unit. This reflects a slight decrease from the previous month’s NAV, influenced by changes in the AUD:USD exchange rate. The announcement follows a recent special distribution of $0.01 per Stapled Security, highlighting the company’s ongoing financial activities and potential implications for stakeholders.
US Masters Residential Property Group announced an amendment to its Tangible Net Worth Covenant in its loan agreement with Global Atlantic. The amendment, effective May 3, 2025, reduces the covenant from US$250 million to US$104.5 million, aligning it with the company’s sales strategy and potentially impacting its financial flexibility and stakeholder interests.
US Masters Residential Property Fund has announced a notice of an initial substantial holder. The notice indicates that Staude Capital Pty Ltd has acquired a significant holding in the company, which could impact the fund’s operations and market positioning. This acquisition may influence the company’s future strategies and decisions, potentially affecting stakeholders and the broader market.
The US Masters Residential Property Group announced that its estimated unaudited net asset value (NAV) per unit as of April 25, 2025, was $0.600, reflecting adjustments based on the AUD:USD foreign exchange rate. The announcement also highlighted a special distribution of $0.01 per Stapled Security declared earlier in April 2025. These updates provide insights into the financial positioning of the fund and its responsiveness to currency fluctuations, which are crucial for stakeholders monitoring the fund’s performance.
US Masters Residential Property Fund announced a special distribution of $0.01 per fully paid stapled security, with the entire distribution classified as tax-deferred income. This distribution is relevant for non-resident withholding tax purposes under Australian tax law. The announcement does not impact Australian resident securityholders’ tax returns, as detailed tax statements will be provided later in the year.
The US Masters Residential Property Group announced an estimated unaudited net asset value (NAV) of $0.601 per unit as of April 18, 2025, reflecting changes in the AUD:USD exchange rate. The Fund also declared a special distribution of $0.01 per Stapled Security, highlighting its ongoing commitment to providing returns to its stakeholders.