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Home CompaniesUS Masters Residential Property Fund

US Masters Residential Property Fund

Real Estate REIT - Residential
PortfolioPortfolio WatchlistWatchlist
Company price
0.11 AUD 0.00(0%)
Last update at 2026-11-06T05:10:00Z
VOLUME
1
Market Cap
75.73M

Momentum Score

…

US Masters Residential Property Fund (Fund) is listed on the Australian Securities Exchange. 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. As of 31 December 2024, the Fund's portfolio has 623 housing units across 340 freestanding properties, with a gross asset value of approximately 710 million US dollars. 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). In June 2024, the fund created a stapled group, by stapling units in a new fund US Masters Residential Property Fund II (ARSN 676 798 468) (URFII) to existing units in the Fund. URF II was created to own a new responsible entity, US Masters Responsible Entity Limited (ACN 672 783 345 | AFSL 553 794), which is now owned by Fund Unitholders, independent of any financial services organization and operates on a cost-recovery basis. US Masters Residential Property Fund was incorporated in 2011 in Australia.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
0.11
Low
0.11
High
52 Week Price Range
0.10
Low
0.13
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

US Masters Residential Property Fund (ASX: URF) is an Australian-listed fund that invests primarily in single-family rental homes in the United States, offering exposure to US residential rental income and potential capital growth. Long-term growth drivers include structural demand for rental housing, demographic shifts that may support sustained renting, and continued institutionalization of the single-family rental sector; these factors could support income stability and geographic diversification for Australian investors.
Material risks include sensitivity to US housing market cycles and interest rates, USD/AUD currency movements, operational concentration and property management execution, and leverage or financing strain that could compress distributions.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.11
Dividend Yield
-
Revenue TTM
10.60M
Revenue Per Share
0.01
Gross Profit TTM
1.34M
Debt / Equity
0.49
ROE
-30.29%
Net Debt
25.21M
ROCE
1.33%
Diluted EPS TTM
-0.11

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -97.65M -56.12M -19.17M 14.93M 12.23M
Minority interest 0.71M 0.38M 0.08M - -
Net income -56.59M -44.56M -18.97M 6.91M 21.14M
Selling general administrative 1.18M 0.80M 1.50M 8.53M 8.28M
Selling and marketing expenses - 4.23M 0.02M 0.03M 0.04M
Gross profit 4.21M 19.22M 44.57M 28.81M 26.16M
Reconciled depreciation - 0.02M 0.20M 0.38M 0.24M
Ebit - -36.15M 2.72M 36.47M 36.78M
Ebitda -85.59M -36.14M 2.92M 36.85M 37.03M
Depreciation and amortization - 0.02M 0.20M 0.38M 0.24M
Operating income 3.25M -9.37M 9.41M 36.47M 36.78M
Other operating expenses 18.03M 46.11M 36.78M 33.10M 35.34M
Interest expense 12.05M 19.97M 21.89M 21.54M 24.56M
Tax provision -40.35M -11.19M -0.12M 8.02M -8.91M
Interest income 2.37M 0.93M 0.46M 0.49M 9.44M
Net interest income -9.68M -19.04M -21.43M -21.06M -24.24M
Income tax expense -40.35M -11.19M -0.12M 8.02M -8.91M
Total revenue 21.28M 36.74M 46.19M 43.72M 38.47M
Total operating expenses 0.95M 28.59M 20.02M 18.20M 23.03M
Cost of revenue 17.08M 17.52M 17.84M 14.91M 12.31M
Total other income expense net -100.90M -46.76M -28.58M -21.54M -24.56M
Net income from continuing ops -57.29M -44.94M -19.05M 6.91M 21.14M
Net income applicable to common shares - -44.56M -18.97M -5.07M 8.70M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 362.52M 811.61M 936.56M 1021.38M 975.36M
Other current assets 16.04M - -135.71M 0.19M 0.35M
Total liab 124.56M 411.24M 515.32M 565.96M 530.56M
Total stockholder equity 238.47M 399.36M 419.33M 453.21M 444.80M
Other current liab -0.10M 1.32M 4.83M 11.07M 11.62M
Common stock 523.51M 600.44M 618.00M 449.22M 453.17M
Capital stock 523.51M - 618.00M 633.32M 648.00M
Retained earnings -494.55M -437.96M -393.41M -374.44M -369.37M
Other liab - - - 49.28M 37.19M
Other assets - - - 10.86M 8.97M
Cash 92.31M 83.37M 36.69M 43.84M 56.71M
Total current liabilities 117.52M 1.32M 6.86M 13.03M 11.62M
Current deferred revenue - - - - -1.89M
Net debt 25.21M 276.03M 422.39M 461.00M 426.07M
Short term debt 117.52M - 1.41M 1.38M 1.22M
Short long term debt total 117.52M 359.40M 459.09M 504.83M 482.78M
Other stockholder equity - - - 194.34M 166.17M
Property plant equipment - - - 0.69M 858.27M
Total current assets 96.45M 83.37M 137.20M 88.59M 91.02M
Long term investments - - 1.22M 2.74M 14.80M
Net tangible assets - - - 269.12M 249.98M
Short term investments 0.18M - 6.84M 11.19M 0.80M
Net receivables 3.96M - 0.67M 0.78M 0.95M
Long term debt 117.33M - 456.23M 500.78M 477.93M
Inventory - - 91.49M 32.58M 32.21M
Accounts payable 0.10M - 0.63M 0.58M 0.67M
Accumulated other comprehensive income 209.50M 236.88M 194.74M 194.34M 166.17M
Non currrent assets other 214.91M 269.96M 798.13M 929.36M 865.63M
Non current assets total 266.07M 728.23M 799.36M 932.79M 884.34M
Capital lease obligations 0.19M - 2.68M 4.06M 3.80M
Long term debt total - - - 503.64M 481.73M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments 362.86M 206.94M 68.19M 25.39M 1.11M
Change to liabilities - - - 10.65M -8.92M
Total cashflows from investing activities 330.30M 206.94M - 25.39M 117.23M
Net borrowings -227.05M -137.78M - -11.02M -118.44M
Total cash from financing activities -303.61M -154.84M -68.96M -37.08M -127.99M
Change to operating activities - - - -0.55M -0.39M
Net income -56.58M -44.56M -18.97M 6.91M 21.14M
Change in cash 8.94M 46.68M -7.14M -12.88M -18.01M
Begin period cash flow 83.37M 36.70M 43.84M 56.71M 74.72M
End period cash flow 92.31M 83.37M 36.69M 43.84M 56.71M
Total cash from operating activities -11.84M -10.77M -4.97M 7.29M -10.00M
Depreciation - 0.02M 0.20M 0.38M 0.24M
Other cashflows from investing activities -32.57M 215.96M -8.92M 25.39M 1.02M
Dividends paid 76.60M -7.38M 7.98M 9.19M 9.97M
Change to account receivables - -0.09M 0.35M -0.34M 0.74M
Sale purchase of stock -1.14M -10.32M -13.27M -17.91M -
Other cashflows from financing activities 1.20M 2.09M 1.21M -0.23M -0.42M
Change to netincome - - - -22.00M -22.82M
Capital expenditures 0.00M 0.00M 0.00M 0.00M 0.00M
Change in working capital - -0.20M 1.52M 0.50M 0.27M
Stock based compensation - - - - -0.82M
Other non cash items -11.84M 33.98M 12.27M -7.29M -21.38M
Free cash flow -11.84M -10.77M -4.97M 7.29M -10.00M

Peer Comparison*

Sector: Real Estate Industry: REIT - Residential

Stock Name
Change
(AUD)
Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
URF
US Masters Residential Property Fund		 -
-%		 0.11 - - 7.15 0.62 13.13 214.38
INA
Ingenia Communities Group		 0.04
0.77%		 5.24 11.56 14.45 3.68 1.24 5.74 13.06

Profile*

US Masters Residential Property Fund

US Masters Residential Property Fund (Fund) is listed on the Australian Securities Exchange. 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. As of 31 December 2024, the Fund's portfolio has 623 housing units across 340 freestanding properties, with a gross asset value of approximately 710 million US dollars. 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). In June 2024, the fund created a stapled group, by stapling units in a new fund US Masters Residential Property Fund II (ARSN 676 798 468) (URFII) to existing units in the Fund. URF II was created to own a new responsible entity, US Masters Responsible Entity Limited (ACN 672 783 345 | AFSL 553 794), which is now owned by Fund Unitholders, independent of any financial services organization and operates on a cost-recovery basis. US Masters Residential Property Fund was incorporated in 2011 in Australia.

Level 17, North Sydney, NSW, Australia, 2060

61 2 8527 3612

https://www.usmastersresidential.com.au

Name Title Year Born
Caroline Purtell Company Sec. of E&P Investments Limited NA
Mr. Kevin McAvey Chief Exec. Officer of US REIT NA
Ms. Caroline Purtell Company Secretary of E&P Investments Limited NA
Ms. Caroline Purtell Company Secretary of E&P Investments Limited NA
Ms. Caroline Purtell Company Secretary of E&P Investments Limited NA
Ms. Caroline Purtell Company Secretary of E&P Investments Limited NA
Ms. Caroline Purtell Company Secretary of E&P Investments Limited NA
Ms. Caroline Purtell Company Secretary of E&P Investments Limited NA
Ms. Caroline Purtell Company Secretary of E&P Investments Limited NA
Ms. Caroline Purtell Company Secretary of E&P Investments Limited NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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