Us Masters Residential Property Fund · ASX:URF
Us Masters Residential Property Fund — Shareholder Meeting (April 2026)
14 slides from Us Masters Residential Property Fund's shareholder meeting presentation, Apr 2, 2026
Slide 1: General Meeting 2 April 2026
For personal use only General Meeting 2 April 2026
Slide 2: Agenda
Agenda Chair’s Address For personal use only Purpose of the Meeting Presentation of Financial Statements 2
Slide 3: Purpose of the Meeting
Purpose of the Meeting Consideration of the Annual Financial Report For personal use only Security holders will consider the annual financial report of the Group for the financial year ended 31 December 2025 together with the declaration of the Directors, the Directors’ Report and the Auditor’s Repo
Slide 4: 2025 FY Financial Statements
4 For personal use only 2025 FY Financial Statements 4
Slide 5: General and Administrative expenses
General and Administrative expenses For personal use only Source: US REIT. AUD/USD average rate of 0.6644, 0.6597 and 0.6452 for 2023, 2024 and 2025 respectively. 5 Source: US REIT. Figures may not sum due to rounding.
Slide 6: Net Operating Income
Net Operating Income The Fund’s trailing 1-4 family same-home Net Operating Income (NOI) to 31 December 2025 was US$1.44 million. For personal use only Source: US REIT. Notes: Figures may not sum due to rounding. Note: “Same-home” assets by segment will not 6 match the total portfolio distribution a
Slide 7: Funds from Operations (FFO)
Funds from Operations (FFO) Excluding disposal costs and non-recurring items, the FFO loss for the year ended 31 December 2025 was -$10.9 million. For personal use only Source: US REIT. AUD/USD average rate of 0.6947, 0.6644, 0.6597 and 0.6452 for 2022, 2023, 2024 and 2025 respectively. FFO is repor
Slide 8: Portfolio Positioning
Portfolio Positioning • Financial statements prepared on a non-going concern basis reflecting planned portfolio sell-down. For personal use only • Investment properties now measured at Net Realisable Value (NRV) including ~7.25% estimated disposal costs. • 2025 full-year valuation movement: • New Yo
Slide 9: Asset Sales Programme
Asset Sales Programme ▪ The Group exceeded its sales target of US$200-225 million in property sales during the 2025 calendar year, with total sales of US$244.2 million during the year. For personal use only ▪ Strategic objective to sell all remaining properties across New York Premium, New Jersey Pr
Slide 10: Capital Management
Capital Management - The Group now enters the final phase of execution, where we will continue to focus on completing remaining sales, reducing costs, managing liquidity, and returning proceeds efficiently to Security holders. For personal use only - Proceeds from property sales will be substantiall
Slide 11: Q&A
1 1 For personal use only Q&A 11
Slide 12: Close of Meeting
1 2 For personal use only Close of Meeting 12
Slide 13: Disclaimer
Disclaimer This Presentation has been prepared and authorised for release by US Masters Responsible Entity Limited (ACN 672 783 345 | AFSL 553 794) (Responsible Entity) as the Responsible Entity of the US Masters Residential Property Group is a listed stapled entity consisting of US Masters Resident
Slide 14: For further information
For further information For personal use only Investor Relations URFInvestorRelations@usmrpf.com 14
US Masters Residential Property Fund — Shareholder Meeting (April 2026) on 6ix