Us Masters Residential Property Fund · ASX:URF
Us Masters Residential Property Fund — H1 2022 Earnings Presentation
12 slides from Us Masters Residential Property Fund's earnings presentation, Sep 1, 2022
Slide 1: Webcast presentation slides – HY 2022
1 September 2022 US Masters Residential Property Fund (Fund) ASX Code: URF Webcast presentation slides – HY 2022 The Fund has prepared a webcast update to accompany the 2022 Q2 Quarterly Report and half year 2022 Financial Accounts for the period ending 30 June 2022. A copy of the presentation slide
Slide 2: 2022 Half Year Update
2022 Half Year Update 1 September 2022
Slide 3: Disclaimer
Disclaimer This presentation is prepared by the US REIT, and is authorised for release by E&P Investments Limited (ACN 152 367 649 | AFSL 410 433) (Responsible Entity) as the Responsible Entity for the US Masters Residential Property Fund (ARSN 150 256 161) (Fund). This presentation may contain gene
Slide 4: Rent Collection Rates
Rent Collection Rates Revenues of A$21 million for the six-month period. Month Collection % Month Collection % January 2022 97% April 2022 103% February 2022 101% May 2022 101% March 2022 100% June 2022 98% Q1 2022 Total 99.5% Q2 2022 Total 100.9% Source: US REIT. Historical performance is not a rel
Slide 5: General and Administrative expenses
General and Administrative expenses Source: US REIT. AUD/USD average rate of 0.7713, 0.7317 and 0.7194 for H1 2021, H2 2021 and H1 2022 respectively. 5
Slide 6: Funds from Operations (FFO)
Funds from Operations (FFO) Excluding disposal costs and non-recurring items, FFO improved 74% compared to H1 2021. Source: US REIT. Note: excludes Convertible Preference Unit (URFPA) distributions as they are equity distributions. AUD/USD average rate of 0.7476, 0.6953, 0.6910, 0.7513 and 0.7194 fo
Slide 7: Asset valuation – 30 June 2022
Asset valuation – 30 June 2022 1-4 Family portfolio: Source: US REIT, as at 30 June 2022. 7
Slide 8: Strategic items post balance date
Strategic items post balance date Buyback of URF and URFPA securities: • Over A$5.7 million bought back in July & August. • US$25 - US$30 million likely available for capital management. 8
Slide 9: Strategic items post balance date
Strategic items post balance date Planned externalisation of US REIT: • Non-binding term sheet signed with Brooksville & Pinnacle to manage URF’s 1-4 Family portfolio. • US$1.5 million investment from Brooksville, at a valuation 48% above the combined URF & URFPA market capitalisation at 30 June 202
Slide 10: Net Asset Value – 30 June 2022
Net Asset Value – 30 June 2022 A$0.64 per unit on a pre-tax fully diluted basis, A$0.58 post-tax Source: US REIT, as at 30 June 2022. Figures may not sum due to rounding. 10
Slide 11: US Masters
US Masters
Slide 12: For further information
For further information Investor Relations URFInvestorRelations@usmrpf.com 12
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