Us Masters Residential Property Fund · ASX:URF
Us Masters Residential Property Fund — Q2 2026 Earnings Presentation
12 slides from Us Masters Residential Property Fund's earnings presentation, Aug 26, 2026
Slide 1: Quarterly Update April - June 2026
QUARTERLY UPDATE April - June 2026 26 August 2026
Slide 2: Executive Summary
Executive Summary Welcome to the US Masters Residential Property Group’s (URF or Group) Quarterly Report for the period 1 April 2026 to 30 June 2026. The Group entered 2026 with the stated target of selling the remaining portfolio by the end of calendar year 2026. While this remains a target and is
Slide 3: Executive Summary
Executive Summary Looking at the operational performance of the Group for H1 2026: • General and Administrative (G&A) expenses for the half-year period ending 30 June 2026 were $4.9 million, or $4.7 million excluding one-off legal and administrative costs associated with the dissolution of some of t
Slide 4: Contents
Contents 2 Executive Summary 5 Portfolio Composition 6 Asset Sales 8 Capital Management 9 General & Administrative Expenses 10 Net Asset Value 11 Cash Flow Profile US Masters Residential Property Group QUARTERLY UPDATE: APRIL - JUNE 2026 4
Slide 5: Portfolio Composition
Portfolio Composition The net realisable value of the Group’s portfolio as of 30 June 2026 was determined to be US$70.5 million. In arriving at this value, 59 properties (or 80%) were marked to their contracted sales prices less estimated selling costs (net realisable value of US$56.2 million). A fu
Slide 6: Asset Sales
Asset Sales Sales Pipeline As at 30 June 2026, the Group’s sales pipeline was as follows: Source: US REIT. Figures may not sum due to rounding. Asset Sales During Q2 2026, the Group closed on the sale of US$57.1 million in sales across 47 properties, taking the 2026 year-to- date sales to US$105.7 a
Slide 7: Asset Sales
Asset Sales H1 2026 Sales Source: US REIT. Figures may not sum due to rounding. 1 There can be a slight timing difference between the closing of a property sale and the receipt of net sales proceeds. Proceeds in respect of property sales at or close to month end may be received in the subsequent mon
Slide 8: Capital Management
Capital Management Due to the continued success of the sales programme, the Group was able to pay a 4-cent distribution to security holders during Q2 2026 (announcement here), bringing total distributions during H1 2026 to 14-cents. In addition, a further distribution of 4 cents was declared subsequ
Slide 9: General and Administrative (G&A) Expenses
General and Administrative (G&A) Expenses G&A expenses for the half-year period ended 30 June 2026 were $4.9 million, or $4.7 million excluding one off costs associated with the aforementioned legal and administrative dissolution costs for certain US corporate subsidiary entities, as well as $0.5 mi
Slide 10: Net Asset Value (NAV)
Net Asset Value (NAV) As of 30 June 2026, the Group’s NAV was $0.176 per stapled security. As of 30 June 2026, there were 688,451,287 stapled securities on issue. Source: US REIT. Figure may not sum due to rounding. US Masters Residential Property Group QUARTERLY UPDATE: APRIL - JUNE 2026 10
Slide 11: Cash Flow Profile
Cash Flow Profile The following Funds From Operations (FFO) analysis outlines the Group’s major operational cash-flow drivers. Non-cash items such as changes in underlying asset values and provisions, as well as capitalised expenses and distributions to security holders are excluded from the analysi
Slide 12: Board of the Responsible Entity For Further Information
Board of the Responsible Entity Stuart Nisbett INDEPENDENT CHAIR Peter Shear INDEPENDENT DIRECTOR Jack Lowenstein INDEPENDENT DIRECTOR Sean Banchik INDEPENDENT DIRECTOR For Further Information URF Investor Relations Level 17, 1 Denison Street North Sydney NSW 2060 www.usmastersresidential.com.au URF
US Masters Residential Property Fund — Q2 2026 Earnings Presentation on 6ix