Qualitas Real Estate Income Fund Units · ASX:QRI
Qualitas Real Estate Income Fund Units — Investor Presentation (February 2025)
29 slides from Qualitas Real Estate Income Fund Units's investor presentation, Feb 12, 2025
Slide 1: $151 million Non-Renounceable Entitlement Offer and Shortfall Offer
The Trust Company Level 18, 123 Pitt Street, P: (02) 9229 9000 (RE Services) Limited Sydney, NSW 2000 F: +61 2 8256 1427 ACN 003 278 831 www.perpetual.com.au ABN 45 003 278 831 AFSL 235150 ASX Announcement Qualitas Real Estate Income Fund (ASX: QRI) $151 million Non-Renounceable Entitlement Offer an
Slide 2: Offer details and key dates
return and distribution return (paid monthly) of 8.73% p.a. and 8.69% p.a. respectively as of 31 December 2024. The loan portfolio continues to perform well with no impairments recorded since the Trust's IPO in 2018, resulting in a stable historical NAV. QRI will host a webinar with Head of Income C
Slide 3: About QRI, the Manager and the Responsible Entity
Issue of New Units under the Shortfall Offer Wednesday, 12 March 2025 Normal trading of New Units issued under the Thursday, 13 March 2025 Shortfall Offer expected to commence on ASX Authorised for release by the Trust Company (RE Services) Limited in its capacity as responsible entity of the Qualit
Slide 4: Unit Registry and notices and disclaimers
Unit Registry MUFG Corporate Markets (AU) Limited Phone: 1800 628 703 Outside of Australia: +61 1800 628 703 Facsimile: 02 9287 0303 Email: qualitas@cm.mpms.mufg.com Website: https://www.mpms.mufg.com/ Investor Portal: https://au.investorcentre.mpms.mufg.com/ Notices and disclaimers 1. This communic
Slide 5: Investor Presentation
Investor Presentation
Slide 6: Qualitas Real Estate Income Fund Equity Raising Presentation
Qualitas Real Estate Income Fund Equity Raising Presentation February 2025 ASX:QRI NOT FOR RELEASE FOR DISTRIBUTION IN THE UNITED STATES
Slide 7: Important Notices and Disclaimer
Important Notices and Disclaimer The Trust Company (RE Services) Limited ABN 45 003 278 831; AFSL 235150 (TrustCo) is the responsible entity of the Qualitas Real Estate Income Fund ARSN 627 917 971 (Trust) and the issuer of units in the Trust. This document (Presentation) has been authorised for rel
Slide 8: Important Notices and Disclaimer
Important Notices and Disclaimer The words, 'expect', 'anticipate', 'estimate', 'intend', 'believe', 'guidance', 'should', 'could', 'may', 'will', 'predict', 'plan', 'forecast' and similar expressions are intended to identify forward-looking statements. Any indications of, and guidance on, future op
Slide 9: Important Notices and Disclaimer
Important Notices and Disclaimer Certain market and industry data used in connection with this Presentation may have been obtained from research, surveys or studies conducted by third parties, including industry or general publications. None of the Trust Parties or Limited Parties have independently
Slide 10: Important Notices and Disclaimer
Important Notices and Disclaimer Australian dollars You should note that this Presentation contains historical and pro forma financial information. All currency amounts are expressed in Australian dollars ($, $A or AUD) unless otherwise stated. Date This Presentation is dated 12 February 2025. 5
Slide 11: The Offer
The Offer
Slide 12: QRI Entitlement and Wholesale Shortfall Offer
QRI Entitlement and Wholesale Shortfall Offer The Entitlement Offer will benefit all unitholders through increasing portfolio size, enhancing diversification and improving trading liquidity KEY DETAILS1 BENEFITS OF THE OFFER Qualitas Real Estate Income Fund ARSN 627 917 971 (QRI or Increase portfoli
Slide 13: QRI Entitlement and Shortfall Offer
QRI Entitlement and Shortfall Offer HOW TO PARTICIPATE IN THE SHORTFALL OFFER SYNDICATE New and existing wholesale and institutional unitholders can participate in the Shortfall Offer by contacting their broker and bidding into the Shortfall Offer Joint Lead Arrangers and Joint Lead Managers HOW TO
Slide 14: Key dates
Key dates1 Event Date Announcement of Offer Wednesday, 12 February 2025 Shortfall Offer Bookbuild Opening Date Wednesday, 12 February 2025 Units trade on an ex-Entitlement Offer Friday, 14 February 2025 Record Date for Entitlement Offer (7:00pm AEDT) Monday, 17 February 2025 Despatch of Offer Bookle
Slide 15: Qualitas Real Estate Income Fund
Qualitas Real Estate Income Fund
Slide 16: QRI key objectives are supported by macro tailwinds
QRI key objectives are supported by macro tailwinds KEY OBJECTIVES Deliver income to investors Monthly distribution Capital preservation Portfolio diversification by investing in a portfolio of Monthly risk adjusted Net asset value per unit Short term commercial real Australia and New Zealand return
Slide 17: Portfolio overview as at 31 December 2024
Portfolio overview as at 31 December 20241 DIVERSIFIED BY LOAN TYPE, PROPERTY SECTOR, GEOGRAPHY AND BORROWER $755m 8.69% Fund size1 12-month distribution return1 based on NAV Portfolio composition2 Property sector2 Geography2 of $1.60 2% 1% 12% 5% 6% 10% 1% 30% 18% 50 86% 43% 50% Loans2 Senior (1st
Slide 18: Monthly risk-adjusted returns with capital preservation characteristics
Monthly risk-adjusted returns with capital preservation characteristics QRI ANNUALISED DISTRIBUTIONS1 10% $1.610 8% $1.605 IPO proceeds deployed 6% $1.600 4% $1.595 2% 0% $1.590 Nov-18 May-19 Nov-19 May-20 Nov-20 May-21 Nov-21 May-22 Nov-22 May-23 Nov-23 May-24 Nov-24 QRI NTA (RHS) QRI Distribution
Slide 19: QRI highlights
QRI highlights One of the pioneers of listed MREITs in Australia, broadening the access of CRE private credit to all investors Managed by an industry leading CRE Last 12-month distribution returns of fund manager with a 16-year track 8.69%1 while providing daily liquidity on record the ASX to a trad
Slide 20: Qualitas Group
SUM EYY eviveyya ay\y\y yay rvvwVwyvv¥ QUALITAS
Slide 21: High growth alternative investment manager
High growth alternative investment manager investing in multi-trillion dollar asset classes DIFFERENTIATORS QUALITAS OVERVIEW PERE RED 50: LARGEST CAPITAL RAISERS OVER THE LAST FIVE YEARS IN $8.9bn Investor-led thematics $7.2bn Private credit $0.7bn Inflationary hedge $0.6bn Build-to-Rent $0.4bn Opp
Slide 22: Increasing allocations to private credit from global investors
Increasing allocations to private credit from global investors • Scalability, quality and track record GLOBAL PRIVATE CREDIT AUM TO INVESTORS ARE INCREASINGLY are the key differentiators amongst ALMOST DOUBLE BY 20282 COMMITING LARGER MANDATES TO private credit managers. MANAGERS WITH A STRONG TRACK
Slide 23: Qualitas is at the forefront of decade-long residential thematic
Qualitas is at the forefront of decade-long residential thematic ONE OF FEW ALTERNATIVE FINANCIERS WITH LARGE-SCALE CAPITAL NEEDED TO FINANCE HIGH-DENSITY HOUSING $42bn - $51bn 300k 79k Construction financing needed for known FY26 and FY27 221k pipeline and residual stock financing for 79k pipeline
Slide 24: Market Outlook
Market Outlook QUALITAS
Slide 25: Tailwinds in CRE private credit backed by strong demand
Tailwinds in CRE private credit backed by strong demand for alternative financing and attractive risk adjusted returns Ongoing liquidity withdrawals from traditional financiers and equity-like returns generated with lower risk are attracting global investors AUSTRALIAN CRE FINANCIER LANDSCAPE HAS CH
Slide 26: QRI sits at the lower end of the risk spectrum
QRI sits at the lower end of the risk spectrum SENIOR CRE CREDIT ON THE RISK AND RETURN SPECTRUM1 QRI SITS AT THE LOWER END OF THE RISK SPECTRUM ACROSS QUALITAS’ FUNDS MANAGEMENT PLATFORM1 Opportunistic Equity Opportunistic Equity 86% of QRI portfolio is in senior real estate debt2 Core Equity QRI s
Slide 27: Risk Factors
Risk Factors Investment in the Trust is subject to a number of risks and Investors should refer to Section 8 Risks relating to the portfolio of the PDS dated 7 October 2021 (https://www.qualitas.com.au/listed-investments/qri- overview/) for further details in relation to the risks involved in an inv
Slide 28: International Offer Restrictions
International Offer Restrictions This document does not constitute an offer of New Units in the Trust in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and the New Units may not be offered or sold, in any country outside Australia e
Slide 29: Qualitas offices and QRI investor enquiries
MELBOURNE OFFICE SYDNEY OFFICE BRISBANE OFFICE Level 38, Level 5, Level 14, 120 Collins Street 1 Bligh Street 167 Eagle Street Melbourne VIC 3000 Sydney NSW 2000 Brisbane QLD 4000 QRI INVESTOR ENQUIRES P +61 3 9612 3939 E qri@qualitas.com.au W qualitas.com.au/qri
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