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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 | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 30.80M | 36.74M | 46.19M | 45.78M | 39.57M | 45.09M |
| Gross Profit | 30.80M | 19.22M | 44.57M | 27.51M | 23.60M | 25.99M |
| EBITDA | 2.87M | -36.14M | 2.92M | 10.08M | 8.68M | 5.30M |
| Net Income | -21.58M | -44.56M | -18.97M | 6.91M | 21.14M | -95.52M |
Balance Sheet | ||||||
| Total Assets | 611.75M | 811.61M | 936.56M | 1.02B | 975.36M | 1.03B |
| Cash, Cash Equivalents and Short-Term Investments | 117.35M | 84.51M | 43.54M | 55.03M | 57.51M | 75.34M |
| Total Debt | 229.03M | 360.59M | 459.09M | 505.02M | 482.95M | 568.61M |
| Total Liabilities | 238.88M | 411.24M | 515.32M | 565.96M | 530.56M | 623.54M |
| Stockholders Equity | 372.68M | 399.36M | 419.33M | 453.21M | 444.80M | 409.68M |
Cash Flow | ||||||
| Free Cash Flow | -11.62M | -10.77M | -5.84M | -4.94M | -8.89M | -8.04M |
| Operating Cash Flow | -11.62M | -10.77M | -5.84M | -4.94M | -8.89M | -8.04M |
| Investing Cash Flow | 298.34M | 206.94M | 67.31M | 27.59M | 116.12M | 80.39M |
| Financing Cash Flow | -216.00M | -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 |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$1.91B | 14.98 | 8.27% | 1.81% | 6.96% | 815.99% | |
67 Neutral | AU$206.89M | 9.26 | 10.17% | 3.11% | 11.30% | 18.93% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | AU$373.32M | 9.52 | 7.93% | 7.46% | -3.97% | 1057.09% | |
54 Neutral | AU$390.62M | -4.41 | -10.44% | 11.21% | -16.67% | -1419.67% | |
49 Neutral | AU$60.82M | -1.71 | -23.55% | 15.14% | -68.24% | 42.03% | |
40 Underperform | AU$196.21M | -9.13 | -5.60% | 2.62% | -35.85% | 35.27% |
US Masters Residential Property Fund Corporate Events
US Masters Residential Property Group has reported an estimated unaudited net asset value of $0.395 per unit after tax as at 16 January 2026, unchanged from its most recent monthly reference NAV at 31 December 2025. The weekly NAV update reflects an AUD:USD exchange rate of 0.6683 and is based on preliminary figures ahead of the fund’s half-yearly property portfolio revaluation, with final audited valuations to be included in the 31 December 2025 full-year financial report due in late February 2026. The manager cautions that the weekly estimate does not capture all intra-month accruals and that ongoing property disposals will naturally cause NAV per security to decline as transaction costs are realised, a key consideration for securityholders assessing the fund’s value trajectory.
The most recent analyst rating on (AU:URF) stock is a Sell with a A$0.50 price target. To see the full list of analyst forecasts on US Masters Residential Property Fund stock, see the AU:URF Stock Forecast page.
US Masters Residential Property Group has repatriated US$40 million of available cash from its US-based US Masters Residential Property (USA) Fund back to the Australian-listed US Masters Residential Property Fund as of 21 January 2026. The board indicated it will update securityholders on future capital management decisions in due course, signalling potential changes in how capital is deployed or returned to investors following this cash transfer.
The most recent analyst rating on (AU:URF) stock is a Sell with a A$0.50 price target. To see the full list of analyst forecasts on US Masters Residential Property Fund stock, see the AU:URF Stock Forecast page.
US Masters Residential Property Group reported an unaudited net asset value of $0.395 per unit as at 31 December 2025, noting that this estimate does not yet reflect the outcome of its half-yearly property revaluation, which will be incorporated into its full-year financial report due by the end of February. The group continued to accelerate its orderly sell-down of its US residential portfolio, closing the sale of 28 properties in December for US$26.72 million and 179 properties over calendar 2025 for US$244.19 million, with significant associated repayments made on its GA loan facility; it also ended the year with a substantial sales pipeline of US$151.47 million across assets under contract, on the market and in earlier-stage discussions, underscoring ongoing balance-sheet de-leveraging and a progressive reduction in portfolio size.
The most recent analyst rating on (AU:URF) stock is a Sell with a A$0.50 price target. To see the full list of analyst forecasts on US Masters Residential Property Fund stock, see the AU:URF Stock Forecast page.
US Masters Residential Property Fund has cancelled 2,430,717 fully paid stapled units as part of its on-market buy-back program, effective 31 December 2025. The reduction in securities on issue is expected to modestly enhance value per remaining unit holder and signals ongoing capital management by the fund as it adjusts its capital structure in line with market conditions and strategic objectives.
The most recent analyst rating on (AU:URF) stock is a Sell with a A$0.50 price target. To see the full list of analyst forecasts on US Masters Residential Property Fund stock, see the AU:URF Stock Forecast page.
US Masters Residential Property Group has amended its existing term loan facility, lifting the interest rate from 4.0% to 6.0% per annum from 1 January 2026, applying an amendment fee of 0.125% to the outstanding principal, and extending the loan’s maturity to 31 December 2026. The board says the revised terms, with all other material conditions unchanged, are intended to provide the group with continued capital management flexibility, potentially supporting its capacity to manage its US residential property portfolio and funding profile over the extended term.
The most recent analyst rating on (AU:URF) stock is a Sell with a A$0.50 price target. To see the full list of analyst forecasts on US Masters Residential Property Fund stock, see the AU:URF Stock Forecast page.
The US Masters Residential Property Group announced its estimated unaudited net asset value (NAV) per unit as of December 12, 2025, at $0.406, reflecting a slight decrease from the previous month’s NAV due to currency exchange rate adjustments. The company highlighted that the NAV does not account for transaction costs associated with property sales, which may lead to a gradual decline in NAV as properties are disposed of. This announcement marks the final NAV estimate for 2025, with the next update scheduled for January 21, 2026.
The most recent analyst rating on (AU:URF) stock is a Sell with a A$0.50 price target. To see the full list of analyst forecasts on US Masters Residential Property Fund stock, see the AU:URF Stock Forecast page.
US Masters Residential Property Group reported an estimated unaudited net asset value (NAV) of $0.412 per unit as of November 30, 2025. In November, the company closed sales of 12 assets totaling $16.48 million, contributing to a year-to-date total of 151 assets sold for $217.47 million. The sales activity reflects the company’s ongoing strategy to dispose of properties, which impacts the NAV due to transaction costs. The company also has a robust sales pipeline with $75.57 million under contract or in attorney review, $50.77 million listed for sale, and $46.52 million in the sales pipeline, indicating continued focus on asset liquidation.
The most recent analyst rating on (AU:URF) stock is a Sell with a A$0.50 price target. To see the full list of analyst forecasts on US Masters Residential Property Fund stock, see the AU:URF Stock Forecast page.
US Masters Residential Property Group announced its estimated unaudited net asset value (NAV) per unit as of December 5, 2025, was $0.414, reflecting a slight decrease from the previous monthly estimate due to foreign exchange rate adjustments. The NAV is calculated following ASX listing rules and does not account for transaction costs associated with property sales, which may cause a gradual decline in NAV as properties are disposed of.
The most recent analyst rating on (AU:URF) stock is a Sell with a A$0.50 price target. To see the full list of analyst forecasts on US Masters Residential Property Fund stock, see the AU:URF Stock Forecast page.
US Masters Residential Property Group announced its estimated unaudited net asset value (NAV) per unit as of November 28, 2025, at $0.419. This figure is calculated based on the most recent monthly NAV and adjusted for changes in the AUD:USD exchange rate. The NAV does not account for transaction costs associated with property sales, which may cause a slight decrease in NAV as properties are sold. This update provides stakeholders with a snapshot of the fund’s financial health, though it is subject to fluctuations due to currency exchange rates and property sales.
The most recent analyst rating on (AU:URF) stock is a Sell with a A$0.50 price target. To see the full list of analyst forecasts on US Masters Residential Property Fund stock, see the AU:URF Stock Forecast page.
The US Masters Residential Property Group announced an estimated unaudited net asset value (NAV) of $0.425 per unit as of November 21, 2025. This figure reflects adjustments for changes in the AUD:USD exchange rate and does not account for intra-monthly accruals or transaction costs associated with property sales. As the group continues to sell properties, the NAV is expected to decrease slightly due to these costs, impacting the overall valuation of the group’s assets.
The most recent analyst rating on (AU:URF) stock is a Sell with a A$0.50 price target. To see the full list of analyst forecasts on US Masters Residential Property Fund stock, see the AU:URF Stock Forecast page.
US Masters Residential Property Fund reported the sale of 40 properties for $60.79 million in Q3 2025, contributing to a total of $179.78 million in sales for the year. The proceeds were used to repay part of the Global Atlantic Term Loan, with significant funds repatriated to Australia for distributions to security holders. Despite no security buybacks this quarter, the company remains committed to capital returns based on market conditions. The sales pipeline stands at $157.50 million, and operational performance showed a 5.2% increase in Net Operating Income. However, the company recorded a Funds From Operations loss, attributed to ongoing property sales and associated holding costs.
The most recent analyst rating on (AU:URF) stock is a Sell with a A$0.50 price target. To see the full list of analyst forecasts on US Masters Residential Property Fund stock, see the AU:URF Stock Forecast page.
US Masters Residential Property Group announced its weekly estimated unaudited net asset value (NAV) per unit as of November 14, 2025, at $0.420, slightly up from the previous month’s NAV of $0.419. The NAV calculations are influenced by the AUD:USD exchange rate and do not account for intra-monthly accruals or transaction costs from property sales, which may cause the NAV to decrease as properties are sold.
The most recent analyst rating on (AU:URF) stock is a Sell with a A$0.50 price target. To see the full list of analyst forecasts on US Masters Residential Property Fund stock, see the AU:URF Stock Forecast page.
US Masters Residential Property Group reported an estimated unaudited net asset value (NAV) of $0.419 per unit as of October 31, 2025. In October, the group closed the sale of 13 assets totaling $21.20 million, contributing to a year-to-date total of 139 assets sold for $200.98 million. The company has a robust sales pipeline with $73.61 million in attorney review or under contract, $50.48 million of inventory listed for sale, and $60.00 million in the sales pipeline. These activities indicate a strategic focus on liquidating assets, which may impact the NAV as transaction costs are realized, and highlight the company’s ongoing efforts to manage its property portfolio effectively.
The most recent analyst rating on (AU:URF) stock is a Sell with a A$0.50 price target. To see the full list of analyst forecasts on US Masters Residential Property Fund stock, see the AU:URF Stock Forecast page.
US Masters Residential Property Group announced its estimated unaudited net asset value (NAV) as of 7 November 2025, which stands at $0.429 per unit. This valuation reflects adjustments for changes in the AUD:USD exchange rate and does not account for intra-monthly accruals, which are included in monthly NAV updates. The company notes that as properties are sold, the NAV per security is expected to decrease slightly due to transaction costs. This update provides stakeholders with insights into the financial health and operations of the Group, highlighting the impact of currency fluctuations and property sales on asset valuation.
The most recent analyst rating on (AU:URF) stock is a Sell with a A$0.50 price target. To see the full list of analyst forecasts on US Masters Residential Property Fund stock, see the AU:URF Stock Forecast page.
US Masters Residential Property Fund has announced an update regarding its ongoing buy-back program. The company reported the purchase of 262,445 securities on the previous day, adding to a total of 2,168,272 securities bought back before that day. This buy-back initiative reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:URF) stock is a Sell with a A$0.50 price target. To see the full list of analyst forecasts on US Masters Residential Property Fund stock, see the AU:URF Stock Forecast page.
US Masters Residential Property Fund has announced a daily update on its ongoing buy-back program, which includes both the US Masters Residential Property Fund and US Masters Residential Property Fund II, collectively known as the US Masters Residential Property Group. The buy-back involves the repurchase of fully paid units stapled securities, with a total of 73,889 securities bought back on the previous day, adding to the cumulative total of 2,094,383 securities. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of outstanding securities.
The most recent analyst rating on (AU:URF) stock is a Sell with a A$0.50 price target. To see the full list of analyst forecasts on US Masters Residential Property Fund stock, see the AU:URF Stock Forecast page.
The US Masters Residential Property Group reported an estimated unaudited net asset value (NAV) of $0.425 per unit as of October 31, 2025. This figure reflects adjustments based on the AUD:USD exchange rate and does not account for intra-monthly accruals, which are included in monthly updates. As the company continues to sell properties, the NAV is expected to decrease slightly due to transaction costs, impacting the overall value of the group’s securities.
The most recent analyst rating on (AU:URF) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on US Masters Residential Property Fund stock, see the AU:URF Stock Forecast page.