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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 |
|---|---|---|---|---|---|---|---|
72 Outperform | $11.36B | 13.89 | 7.73% | 4.78% | 1.97% | 156.14% | |
70 Neutral | ¥234.96B | 14.48 | 10.62% | 29.30% | 17.27% | 17.55% | |
68 Neutral | $18.68B | 17.75 | 5.94% | 4.79% | 5.05% | 500.30% | |
63 Neutral | $9.08B | 313.21 | 1.03% | 2.44% | -19.75% | ― | |
58 Neutral | $9.29B | ― | -1.94% | 4.95% | 8.59% | 16.36% | |
55 Neutral | AU$8.68B | ― | -6.29% | 4.09% | 22.66% | -3.80% | |
46 Neutral | AU$272.90M | ― | -10.88% | 2.53% | -26.43% | -144.83% |
US Masters Residential Property Fund Corporate Events
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.
US Masters Residential Property Group announced its weekly estimated unaudited net asset value (NAV) as of April 11, 2025, at $0.608 per unit, reflecting a slight decrease from the previous month’s NAV of $0.611 per unit. This adjustment considers changes in the AUD:USD exchange rate and follows a special distribution declared on April 3, 2025. The announcement provides stakeholders with updated financial metrics, though it does not account for all intra-monthly accruals, which are included in monthly NAV updates.
US Masters Residential Property Group reported an unaudited net asset value of $0.611 per unit as of March 31, 2025. In March, the company closed sales of 18 assets totaling $22.15 million and has a robust sales pipeline with $71.86 million under contract or in attorney review. The Group continues its capital management strategy, having repurchased 105.90 million securities since July 2022 and announced a distribution of 1 cent per stapled security. These actions reflect the company’s strategic focus on optimizing its asset portfolio and enhancing shareholder value.
US Masters Residential Property Fund has announced an update on its ongoing on-market buy-back program. As of April 14, 2025, the fund has repurchased a total of 430,000 securities, with 150,000 bought back on the previous day. This buy-back initiative is part of the fund’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, with 140,000 securities bought back on the previous day. This buy-back initiative is part of the company’s ongoing efforts to manage its capital structure and potentially enhance shareholder value.
The US Masters Residential Property Group announced an estimated unaudited net asset value (NAV) of $0.61 per unit as of April 4, 2025, reflecting adjustments in the AUD:USD exchange rate. Additionally, the Fund declared a special distribution of $0.01 per Stapled Security, highlighting its ongoing commitment to delivering value to its stakeholders.
US Masters Residential Property Fund has announced a daily buy-back notification for its stapled securities, indicating an active approach to managing its capital structure. The buy-back involves a significant number of securities, with 139,228 units bought back on the previous day, reflecting the company’s strategy to potentially enhance shareholder value and optimize its financial operations.
US Masters Residential Property Fund has announced an on-market buy-back of its fully paid units stapled securities. This move is likely aimed at optimizing the company’s capital structure and potentially enhancing shareholder value, reflecting a strategic decision to manage its equity base effectively.
US Masters Residential Property Fund has announced the finalization of an on-market buy-back of its fully paid units stapled securities. The company plans to repurchase a maximum of 69,088,200 securities out of the 690,882,004 securities currently on issue. This move is likely aimed at consolidating ownership and potentially enhancing shareholder value. The buy-back will be facilitated by Taylor Collison Limited, a broker appointed by the company.
US Masters Residential Property Group announced the results of a General Meeting where securityholders approved an on-market buyback of up to 25% of issued Stapled Securities over the next 12 months. This decision, supported by a significant majority, aims to enhance shareholder value and optimize the company’s capital structure.
The US Masters Residential Property Group held a general meeting to discuss a Buyback Proposal, which seeks approval to repurchase up to 25% of its stapled securities over the next 12 months. This move aims to return surplus capital to securityholders and maintain an efficient capital structure, potentially increasing the value of remaining securities and providing liquidity to investors. The group’s financial performance for 2024 showed a 14% increase in Net Operating Income due to strong rental increases, while maintaining cost discipline with stable general and administrative expenses.
US Masters Residential Property Group has announced a special distribution of 1 cent per Stapled Security to its security holders. This distribution reflects the company’s ongoing commitment to delivering value to its investors and may have positive implications for stakeholder confidence and market positioning.
US Masters Residential Property Fund has announced a new distribution of AUD 0.01 per fully paid unit stapled security, with key dates including an ex-date of April 8, 2025, a record date of April 9, 2025, and a payment date of May 1, 2025. This announcement reflects the company’s ongoing commitment to providing returns to its investors, potentially enhancing its appeal in the competitive real estate investment sector.
The US Masters Residential Property Group announced an estimated unaudited net asset value (NAV) of $0.60 per unit as of March 28, 2025. This figure reflects the company’s recent property valuation and foreign exchange adjustments, indicating a slight decrease from the previous month’s NAV of $0.62 per unit. The announcement provides stakeholders with insights into the company’s financial health and market positioning, although it does not account for all intra-monthly financial changes.
US Masters Residential Property Fund has released its annual report for the year ending December 31, 2024. The report provides insights into the company’s operations and financial performance, highlighting its property portfolio in areas such as Liberty State Park, New Jersey, and Decatur Street, Brooklyn. This release may impact stakeholders by offering a comprehensive view of the fund’s current market positioning and potential future developments.