Irongate Group (CHIA:IAP) - Stock Price, News & Analysis

IAP Stock Overview

Irongate Group has its origins as the Investec Group’s Australian and New Zealand property investment and asset management business.

About the company

IAP fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Rewards

Trading at 34% below our estimate of its fair value

Risk Analysis

Earnings have declined by 22.9% per year over past 5 years

Debt is not well covered by operating cash flow

Shareholders have been diluted in the past year

Irongate Group Competitors

Stockland

ASX:SGP

AU$10.5b

Mirvac Group

ASX:MGR

AU$7.7b

Charter Hall Group

ASX:CHC

AU$5.9b

GPT Group

ASX:GPT

AU$7.8b

Price History & Performance

Summary of all time highs, changes and price drops for Irongate Group
Historical stock prices
Current Share Price	AU$1.90
52 Week High	AU$1.94
52 Week Low	AU$1.44
Beta	0.19
11 Month Change	0.53%
3 Month Change	-1.30%
1 Year Change	29.35%
33 Year Change	27.61%
5 Year Change	n/a
Change since IPO	33.92%

Recent updates

Shareholder Returns

	IAP	AU REITs	AU Market
7D	0%	-0.5%	0.6%
1Y	29.4%	-5.5%	6.7%

Return vs Industry: IAP exceeded the Australian REITs industry which returned -4.4% over the past year.

Return vs Market: IAP exceeded the Australian Market which returned -0.5% over the past year.

Price Volatility

Is IAP's price volatile compared to industry and market?
IAP volatility
IAP Average Weekly Movement	0.9%
REITs Industry Average Movement	3.5%
Market Average Movement	8.4%
10% most volatile stocks in AU Market	16.1%
10% least volatile stocks in AU Market	3.2%

Stable Share Price: IAP has not had significant price volatility in the past 3 months.

Volatility Over Time: IAP's weekly volatility (1%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	Graeme Katz	irongategroup.com.au

Irongate Group has its origins as the Investec Group’s Australian and New Zealand property investment and asset management business. Having invested in and managed over A$3bn of assets for the Investec Group, the long-standing management team evolved to become the Irongate Group to continue its growth trajectory and expand its third-party funds management platform. Our strength lies in our disciplined, measured and value-based approach to multi-sector property investment and asset management in Australia and New Zealand.

Irongate Group Fundamentals Summary

How do Irongate Group's earnings and revenue compare to its market cap?
IAP fundamental statistics
Market cap	AU$14.26b
Earnings (TTM)	-AU$1.60m
Revenue (TTM)	AU$117.32m

10.9x

P/S Ratio

-803.0x

P/E Ratio

Is IAP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
IAP income statement (TTM)
Revenue	AU$117.32m
Cost of Revenue	AU$21.81m
Gross Profit	AU$95.51m
Other Expenses	AU$97.11m
Earnings	-AU$1.60m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0024
Gross Margin	81.41%
Net Profit Margin	-1.36%
Debt/Equity Ratio	42.5%

How did IAP perform over the long term?

See historical performance and comparison

IAP Stock Overview

Rewards

Risk Analysis

Irongate Group Competitors

ASX:SGP

AU$10.5b

ASX:MGR

AU$7.7b

ASX:CHC

AU$5.9b

ASX:GPT

AU$7.8b

Price History & Performance

Recent News & Updates

Irongate Group and Phoenix Pan Asia Core Plus Investments Fund of Phoenix Property Investors Limited acquired Industrial property in New South Wales, Australia for AUD 57.3 million.

Irongate Group(ASX:IAP) dropped from S&P Global BMI Index

Irongate Group Announces Distribution on IAP - FULLY PAID UNITS STAPLED SECURITIES for the Period Ended 31 March 2022, Payable on June 10, 2022

360 Capital Group Limited (ASX:TGP) and 360 Capital REIT (ASX:TOT) cancelled the acquisition of remaining 80.01% stake in Irongate Group (JSE:IAP).

Irongate Group (JSE:IAP) completed the acquisition of 50% stake in Cremorne Property.

Charter Hall Direct Industrial Fund No.4, managed by Charter Hall Group (ASX:CHC) completed the acquisition of Office Building Located at 24 Wormald Street, Symonston from Irongate Group (JSE:IAP).

Recent updates

Irongate Group and Phoenix Pan Asia Core Plus Investments Fund of Phoenix Property Investors Limited acquired Industrial property in New South Wales, Australia for AUD 57.3 million.

Irongate Group(ASX:IAP) dropped from S&P Global BMI Index

Irongate Group Announces Distribution on IAP - FULLY PAID UNITS STAPLED SECURITIES for the Period Ended 31 March 2022, Payable on June 10, 2022

360 Capital Group Limited (ASX:TGP) and 360 Capital REIT (ASX:TOT) cancelled the acquisition of remaining 80.01% stake in Irongate Group (JSE:IAP).

Irongate Group (JSE:IAP) completed the acquisition of 50% stake in Cremorne Property.

Charter Hall Direct Industrial Fund No.4, managed by Charter Hall Group (ASX:CHC) completed the acquisition of Office Building Located at 24 Wormald Street, Symonston from Irongate Group (JSE:IAP).

Irongate Group announced that it expects to receive AUD 50.000001 million in funding

Irongate Group (JSE:IAP) completed the acquisition of commercial land and buildings at 34 Southgate Avenue, Brisbane from Anthony John Group Pty. Ltd. and Cannon Hill Developments Pty Ltd.

Irongate Property Fund II and Irongate Group (JSE:IAP) managed by Irongate Funds Management Limited entered into agreement to acquire Office building in Sydney from The Blackstone Group (Australia) Pty Limited for AUD 73.8 million

Irongate Group Announces Ordinary Distribution for the Six Months Period Ended March 31, 2021, Payable on June 11, 2021

Irongate Group (JSE:IAP) completed the acquisition of industrial facility located at 153 Main Beach Road, Pinkenba.

Irongate Group (JSE:IAP) entered into a contract for sale of land to acquire industrial facility located at 153 Main Beach Road, Pinkenba for AUD 24.8 million.

360 Capital REIT (ASX:TOT) completed the acquisition of 9.18% stake in Irongate Group (JSE:IAP) from Investec Bank Limited (JSE:INLP) for AUD 78.6 million

Investec Australia Property Fund (JSE:IAP) agreed to acquire Industrial property at Lot 3 Belconnen Crescent for AUD 15.6 million.

Investec Australia Property Fund to Report First Half, 2021 Results on Oct 29, 2020

Investec Australia Property Fund (JSE:IAP) agreed to acquire Property at 46-70 Grand Trunkway, Gillman SA from Charter Hall Prime Industrial Fund, managed by Charter Hall Group (ASX:CHC) for AUD 25.5 million.

Investec Australia Property Fund (JSE:IAP) completed the acquisition of Property at 103 Welshpool Road, 46-70 Grand Trunkway, Gillman SA and 16 Dawson Street, East Arm NT from Charter Hall Prime Industrial Fund managed by Charter Hall Group (ASX:CHC).