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. Since 2011, the Fund's portfolio has grown to 888 housing units across 483 freestanding properties, with a gross asset value of approximately A$1,012.5 million(as at 31 December 2021). The Fund conducts all its New York metropolitan area residential investment through its controlled entity US Masters Residential Property (USA) Fund, a Maryland Real Estate Investment Trust (US REIT). A dedicated team of highly-skilled professionals based in New York manages every aspect of the real estate investment process " from acquiring the properties and rehabilitating the assets, to leasing the homes and ongoing tenant management.
| Market Capitalization | $225.3664 million |
| P/E Ratio | 125 |
| P/E Growth Ratio | |
| Book Value | 0.613 |
| Dividend Per Share | 0.01 |
| Earnings Per Share | 0 |
| EBITDA | 15,133.722 |
| Profit Margin | -0.1337 |
| Operating Margin TTM | 0.327 |
| Return on Assets TTM | 0.0093 |
| Return on Equity TTM | -0.0134 |
| Revenue TTM | 46,730.612 |
All numbers are in thousands
| Date | Total Revenue | Cost of Revenue | Gross Profit | Total Operating Expenses |
|---|---|---|---|---|
| 2011-12-31 | 938 | |||
| 2012-12-31 | 4,365.367 | 8,807.636 | -4,442.269 | 805.325 |
| 2013-12-31 | 10,681.882 | 17,787.33 | -7,105.448 | 1,208.808 |
| 2014-12-31 | 13,843.113 | 25,688.902 | -11,845.789 | 5,024.544 |
| 2015-12-31 | 21,959.735 | 40,524.739 | -18,565.004 | 4,543.859 |
| 2016-12-31 | 30,437.88 | 50,907.592 | -20,469.712 | 3,482.079 |
| 2017-12-31 | 33,280.269 | 28,225.87 | 5,054.399 | 21,170.647 |
| 2018-12-31 | 37,396.617 | 22,235.007 | 15,161.61 | 23,361.809 |
| 2019-12-31 | 48,288.483 | 24,288.573 | 23,999.91 | 22,133.185 |
| 2020-12-31 | 45,155.666 | 18,472.889 | 26,682.777 | 19,191.969 |
| 2021-12-31 | 38,472.466 | 12,311.606 | 26,160.86 | 23,026.315 |
| 2022-12-31 | 43,716.861 | 14,905.612 | 28,811.249 | 18,196.356 |
All numbers are in thousands
| Date | Cash | Total Assets | Total Liabilities | Short Term Debt | Long Term Debt | Common Stock |
|---|---|---|---|---|---|---|
| 2011-12-31 | 77,062 | 96,710 | 1,097 | 133 | 99,301 | |
| 2012-12-31 | 122,880.426 | 257,170.002 | 18,875.922 | 83.851 | 5,735 | 243,054.627 |
| 2013-12-31 | 42,772.5 | 430,343.751 | 81,099.71 | 1,259.129 | 45,660 | 306,983.085 |
| 2014-12-31 | 191,280.901 | 818,723.471 | 357,007.95 | 797.107 | 282,958 | 381,980.548 |
| 2015-12-31 | 133,557.456 | 1,107,316.001 | 572,174.349 | 24,653.907 | 450,996.95 | 388,720.491 |
| 2016-12-31 | 123,212.092 | 1,246,299.295 | 662,455.386 | 6,694.658 | 540,289.75 | 472,669.283 |
| 2017-12-31 | 182,798.77 | 1,368,330.811 | 679,402.265 | 28,619.678 | 560,260.86 | 455,858.921 |
| 2018-12-31 | 106,992.735 | 1,497,238.561 | 763,832.405 | 782.569 | 669,700.53 | 457,711.657 |
| 2019-12-31 | 85,875.027 | 1,295,956.733 | 735,140.526 | 23,284.478 | 650,104.32 | 448,400.079 |
| 2020-12-31 | 74,720.179 | 1,033,219.981 | 623,543.821 | 17,186.865 | 547,722.78 | 450,704.528 |
| 2021-12-31 | 56,714.776 | 975,358.35 | 530,559.707 | 1,218.989 | 477,930.82 | 453,173.851 |
| 2022-12-31 | 43,838.347 | 1,021,375.842 | 565,959.374 | 1,378.806 | 500,778.601 | 449,222.526 |
All numbers are in thousands
| Date | Net Income | Total Cash | Change in Cash | Begin period cash | End period cash | Dividends |
|---|---|---|---|---|---|---|
| 2012-12-31 | -1,497.881 | 45,968.406 | 76,912.02 | 122,880.426 | 2,663.814 | |
| 2013-12-31 | 8,180.165 | -6,994.04 | -80,107.926 | 122,880.426 | 42,772.5 | 7,669.732 |
| 2014-12-31 | -3,889.598 | -5,667.77 | 148,508.401 | 42,772.5 | 191,280.901 | 8,856.257 |
| 2015-12-31 | 63.986 | -30,611.35 | -57,723.445 | 191,280.901 | 133,557.456 | 11,926.992 |
| 2016-12-31 | -45,127.626 | -43,235.674 | -10,345.364 | 133,557.456 | 123,212.092 | 13,804.096 |
| 2017-12-31 | -13,218.799 | -42,851.347 | 59,586.678 | 123,212.092 | 182,798.77 | 16,361.781 |
| 2018-12-31 | -28,135.04 | -32,451.654 | -75,806.035 | 182,798.77 | 106,992.735 | 22,419.376 |
| 2019-12-31 | -154,512.952 | -29,215.317 | -21,117.708 | 106,992.735 | 85,875.027 | 21,748.629 |
| 2020-12-31 | -95,519.724 | -12,820.076 | -11,154.848 | 85,875.027 | 74,720.179 | 10,143.689 |
| 2021-12-31 | 21,140.021 | -10,003.34 | -18,005.403 | 74,720.179 | 56,714.776 | 9,973.316 |
| 2022-12-31 | 6,910.07 | 7,289.277 | -12,876.429 | 56,714.776 | 43,838.347 | 9,193.458 |