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URF

US Masters Residential Property FundASX:URF Stock Report

Market Cap

AU$128.7m

7D

-1.5%

1Y

51.2%

Updated

26 Oct, 2021

Data

Company Financials
URF fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

URF Overview

US Masters Residential Property Fund (Fund) was established in 2011 and is listed on the Australian Securities Exchange (URF.ASX).

Price History & Performance

Summary of all time highs, changes and price drops for US Masters Residential Property Fund
Historical stock prices
Current Share PriceAU$0.33
52 Week HighAU$0.18
52 Week LowAU$0.39
Beta1.48
1 Month Change-8.45%
3 Month Change1.56%
1 Year Change51.16%
3 Year Change-77.89%
5 Year Change-83.91%
Change since IPO-79.30%

Recent News & Updates

Dec 31
US Masters Residential Property Fund (ASX:URF) Share Prices Have Dropped 88% In The Last Five Years

US Masters Residential Property Fund (ASX:URF) Share Prices Have Dropped 88% In The Last Five Years

While it may not be enough for some shareholders, we think it is good to see the US Masters Residential Property Fund...

Shareholder Returns

URFAU REITsAU Market
7D-1.5%2.7%0.8%
1Y51.2%26.5%24.4%

Return vs Industry: URF exceeded the Australian REITs industry which returned 26.5% over the past year.

Return vs Market: URF exceeded the Australian Market which returned 24.4% over the past year.

Price Volatility

Is URF's price volatile compared to industry and market?
URF volatility
URF Beta1.48
Industry Beta0.86
Market Beta1

Stable Share Price: URF is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: URF's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2011n/an/ahttps://www.usmastersresidential.com.au

US Masters Residential Property Fund (Fund) was established in 2011 and is listed on the Australian Securities Exchange (URF.ASX). The Fund was established to give investors exposure to US residential property and is the largest Australian-listed property trust with a primary strategy of investing in freestanding and multi-tenant US residential property in the New York metropolitan area. The Fund is focused on seeking to achieve long-term returns through a combination of income from rental yields along with potential long-term capital growth.

US Masters Residential Property Fund Fundamentals Summary

How do US Masters Residential Property Fund's earnings and revenue compare to its market cap?
URF fundamental statistics
Market CapAU$128.68m
Earnings (TTM)-AU$37.32m
Revenue (TTM)AU$41.64m

3.1x

P/S Ratio

-3.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
URF income statement (TTM)
RevenueAU$41.64m
Cost of RevenueAU$16.94m
Gross ProfitAU$24.69m
ExpensesAU$62.02m
Earnings-AU$37.32m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.094
Gross Margin59.31%
Net Profit Margin-89.63%
Debt/Equity Ratio113.7%

How did URF perform over the long term?

See historical performance and comparison

Valuation

Is US Masters Residential Property Fund undervalued compared to its fair value and its price relative to the market?

0.53x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate URF's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate URF's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: URF is unprofitable, so we can't compare its PE Ratio to the Australian REITs industry average.

PE vs Market: URF is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate URF's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: URF is good value based on its PB Ratio (0.5x) compared to the AU REITs industry average (1.2x).


Future Growth

How is US Masters Residential Property Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-1.0%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as US Masters Residential Property Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has US Masters Residential Property Fund performed over the past 5 years?

-30.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: URF is currently unprofitable.

Growing Profit Margin: URF is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: URF is unprofitable, and losses have increased over the past 5 years at a rate of 30.2% per year.

Accelerating Growth: Unable to compare URF's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: URF is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (106.4%).


Return on Equity

High ROE: URF has a negative Return on Equity (-5.7%), as it is currently unprofitable.


Financial Health

How is US Masters Residential Property Fund's financial position?


Financial Position Analysis

Short Term Liabilities: URF's short term assets (A$129.3M) exceed its short term liabilities (A$11.9M).

Long Term Liabilities: URF's short term assets (A$129.3M) do not cover its long term liabilities (A$531.0M).


Debt to Equity History and Analysis

Debt Level: URF's debt to equity ratio (113.7%) is considered high.

Reducing Debt: URF's debt to equity ratio has increased from 105.4% to 113.7% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: URF has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: URF has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 10.6% each year


Dividend

What is US Masters Residential Property Fund current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate URF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate URF's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if URF's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if URF's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: URF is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of URF's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average management tenure


CEO

US Masters Residential Property Fund has no CEO, or we have no data on them.


Leadership Team

Experienced Management: URF's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: URF's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.8%.


Top Shareholders

Company Information

US Masters Residential Property Fund's employee growth, exchange listings and data sources


Key Information

  • Name: US Masters Residential Property Fund
  • Ticker: URF
  • Exchange: ASX
  • Founded: 2011
  • Industry: Residential REITs
  • Sector: Real Estate
  • Market Cap: AU$128.679m
  • Shares outstanding: 395.93m
  • Website: https://www.usmastersresidential.com.au

Location

  • US Masters Residential Property Fund
  • 100 Pacific Highway
  • Level 15
  • North Sydney
  • New South Wales
  • 2060
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 16:27
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.