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URF

US Masters Residential Property Fund ASX:URF Stock Report

Last Price

AU$0.27

Market Cap

AU$106.3m

7D

-3.6%

1Y

-3.6%

Updated

04 Jul, 2022

Data

Company Financials
URF fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health1/6
Dividends0/6

URF Stock Overview

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

US Masters Residential Property Fund Competitors

Price History & Performance

Summary of all time highs, changes and price drops for US Masters Residential Property Fund
Historical stock prices
Current Share PriceAU$0.27
52 Week HighAU$0.39
52 Week LowAU$0.18
Beta1.18
1 Month Change1.92%
3 Month Change10.42%
1 Year Change-3.64%
3 Year Change-70.23%
5 Year Change-85.60%
Change since IPO-83.12%

Recent News & Updates

Shareholder Returns

URFAU REITsAU Market
7D-3.6%-3.9%-2.4%
1Y-3.6%-13.2%-12.0%

Return vs Industry: URF exceeded the Australian REITs industry which returned -13.2% over the past year.

Return vs Market: URF exceeded the Australian Market which returned -12% over the past year.

Price Volatility

Is URF's price volatile compared to industry and market?
URF volatility
URF Average Weekly Movement8.2%
REITs Industry Average Movement4.3%
Market Average Movement9.9%
10% most volatile stocks in AU Market16.5%
10% least volatile stocks in AU Market4.4%

Stable Share Price: URF is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: URF's weekly volatility (8%) 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$106.25m
Earnings (TTM)AU$8.70m
Revenue (TTM)AU$39.25m

12.2x

P/E Ratio

2.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
URF income statement (TTM)
RevenueAU$39.25m
Cost of RevenueAU$15.73m
Gross ProfitAU$23.52m
Other ExpensesAU$14.82m
EarningsAU$8.70m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.022
Gross Margin59.91%
Net Profit Margin22.16%
Debt/Equity Ratio107.5%

How did URF perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is URF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for URF?

Other financial metrics that can be useful for relative valuation.

URF key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue18.5x
Enterprise Value/EBITDA65.2x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does URF's PE Ratio compare to its peers?

URF PE Ratio vs Peers
The above table shows the PE ratio for URF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average32.3x
INA Ingenia Communities Group
21.1x14.4%AU$1.7b
TOT 360 Capital REIT
4.3xn/aAU$112.5m
ERF Elanor Retail Property Fund
100x52.6%AU$144.3m
APW Aims Property Securities Fund
3.8xn/aAU$55.6m
URF US Masters Residential Property Fund
12.2xn/aAU$106.3m

Price-To-Earnings vs Peers: URF is good value based on its Price-To-Earnings Ratio (12.2x) compared to the peer average (32.3x).


Price to Earnings Ratio vs Industry

How does URF's PE Ratio compare vs other companies in the AU REITs Industry?

Price-To-Earnings vs Industry: URF is expensive based on its Price-To-Earnings Ratio (12.2x) compared to the Australian REITs industry average (6.3x)


Price to Earnings Ratio vs Fair Ratio

What is URF's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

URF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate URF's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of URF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate URF's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate URF's fair value for valuation analysis.


Price to Earnings Growth Ratio

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


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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?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-3.7%

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.


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  • US Masters Residential Property Fund competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

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

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-14.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: URF has a large one-off gain of A$25.7M impacting its December 31 2021 financial results.

Growing Profit Margin: URF became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: URF has become profitable over the past 5 years, growing earnings by -14.1% per year.

Accelerating Growth: URF has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: URF has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (215.6%).


Return on Equity

High ROE: URF's Return on Equity (4.8%) is considered low.


Discover strong past performing companies

Financial Health

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

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: URF's short term assets (A$90.2M) exceed its short term liabilities (A$11.6M).

Long Term Liabilities: URF's short term assets (A$90.2M) do not cover its long term liabilities (A$518.9M).


Debt to Equity History and Analysis

Debt Level: URF's net debt to equity ratio (94.7%) is considered high.

Reducing Debt: URF's debt to equity ratio has increased from 94.2% to 107.5% over the past 5 years.

Debt Coverage: URF's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: URF's interest payments on its debt are not well covered by EBIT (0.5x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as URF has not reported any payouts.


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Management

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

2.9yrs

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 (2.9 years average tenure).


Board Members

Experienced Board: URF's board of directors are not considered experienced ( 2.6 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 2.7%.


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
  • Implied Market Cap: AU$106.254m
  • Shares outstanding: 400.96m
  • 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 Analysis2022/07/04 00:00
End of Day Share Price2022/07/04 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.