An update from US Masters Residential Property Fund ( (AU:URF) ) is now available.
US Masters Residential Property Fund reported its strongest quarterly sales result since reimplementing its sales program, achieving US$51.68 million in sales for the fourth quarter of 2024, and meeting its full-year target of US$150 million. For 2025, the company aims to increase its sales target to between US$200 and $225 million. Despite a decrease in property valuations, the company saw a 14% increase in Net Operating Income due to strong rental growth. The company also announced a change in its US tax structure from a REIT to a C-Corp, which significantly reduced its net deferred tax liability. This structural change is not expected to impact the operations of its Australian entities or the Stapled Group.
More about US Masters Residential Property Fund
US Masters Residential Property Fund operates in the real estate industry, focusing on residential property investments primarily in the New York and New Jersey areas. The company is involved in the acquisition, leasing, and sale of residential properties, with a market focus on both workforce and premium segments.
YTD Price Performance: 15.28%
Average Trading Volume: 594,446
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$286.7M
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