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.
Metrics to compare | URF | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipURFPeersSector | |
|---|---|---|---|---|
P/E Ratio | 0.0x | 8.9x | 9.3x | |
PEG Ratio | 0.00 | 0.09 | 0.01 | |
Price/Book | 0.0x | 0.8x | 0.9x | |
Price / LTM Sales | 0.0x | 7.0x | 4.0x | |
Upside (Analyst Target) | 0.0% | 12.3% | 15.4% | |
Fair Value Upside | Unlock | −0.1% | 1.2% | Unlock |