Aims Property Securities Fund · ASX:APW
Aims Property Securities Fund — H1 2014 Earnings Presentation
12 slides from Aims Property Securities Fund's earnings presentation, Feb 27, 2014
Slide 1: AIMS Property Securities Fund Financial Half Year Results Presentation
For personal use only AIMS Property Securities Fund Financial Half Year Results Presentation February 2014 1
Slide 2: Review of Half Year 2013/14
Review of Half Year 2013/14 For personal use only • On 29 November 2013, the Fund announced it had changed its name from the MacarthurCook Property Securities Fund to the AIMS Property Securities Fund (Fund). The responsible entity of the Fund also changed its name from MacarthurCook Fund Management
Slide 3: Fund Comparison to Prior Year
Fund Comparison to Prior Year For personal use only 31 December 2013 31 December 2012 Operating Result $4.8 million ($3.3) million ASX Price per unit 7.9 cents 6.0 cents Number of Units on Issue (‘000) 504,457 361,214 NTA per Unit 12.59 cents 13.61 cents Market Capitalisation $39.85 million $21.7 mi
Slide 4: Balance Sheet
Balance Sheet For personal use only 31 December 2013 31 December 2012 ($’000) ($’000) Current Assets Cash & cash equivalents 8,982 1,407 Trade & other receivables 505 814 Total Current Assets 9,487 2,221 Non-Current Assets Listed property securities 18,146 3,707 Unlisted property securities 36,805 4
Slide 5: Statement of Profit or Loss
Statement of Profit or Loss For personal use only 31 December 2013 31 December 2012 ($’000) ($’000) Distribution income 1,153 1,592 Interest income 137 27 Change in fair value of investments 4,869 (3,333) Other - 8 Net investment income 6,159 (1,706) Responsible entity fees 140 130 Administration ex
Slide 6: Significant Changes
Significant Changes • Income For personal use only – 27.6% fall in distribution income from the Fund’s investment portfolio compared to the previous corresponding period resulting from the disposal and withdrawal from a number of investments – Unrealised gain of $4.749 million on fair value of inves
Slide 7: Significant Changes (cont)
Significant Changes (cont) • Distributions For personal use only – On 18 December 2013, the RE informed Unitholders that Fund intends to pay a distribution for the quarter ended 31 December 2013 of 0.15 cents per unit (December Distribution) – The December Distribution consists of 0.099 cents per un
Slide 8: Investment Portfolio
Investment Portfolio – as at 31 December 2013 For personal use only Annualised Gearing Fund Size ($m) 31 Investment Ownership of Current Unit Investment WALE by Investment Sector Distribution (Debt/Total Term Expiry December 2013 Allocation (%) Investment Price Value Income (years) Yield Assets) Unl
Slide 9: Portfolio Analysis
For personal use only Portfolio Analysis 9
Slide 10: Litigation with TFML Limited
Litigation with TFML Limited For personal use only • On 10 August 2012, the RE announced a successful outcome in its litigation against TFML Limited, the responsible entity of P-REIT • On 17 August 2012 Justice Hammerschlag in the Supreme Court of NSW made orders in favour of MCKFM in the sum of $17
Slide 11: Fund Strategy
Fund Strategy For personal use only The Fund’s strategy remains as follows: • The RE does not intend to dispose of the Fund’s investments and wind up the Fund • The Fund will continue to assess withdrawal and/or redemption offers as and when they arise • The Fund intends to pay regular income distri
Slide 12: Disclaimer
Disclaimer For personal use only This presentation has been prepared by AIMS Fund Management Limited (ABN 79 004 956 558; AFSL 258052) as the responsible entity for the AIMS Property Securities Fund (ARSN 111 442 150). It is a presentation of general background information about the Fund as at 31 De
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