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AIMS Property Securities Fund (APW) AI Stock Analysis

AU:APW

AIMS Property Securities Fund

(ASX:APW)

Select Model
Rating:68Neutral
Price Target:AUD 4.50â–²(15.38% Upside)
Action:downgraded
Date:09/17/26

The score is anchored by a very strong balance sheet (no debt, growing equity) and a low P/E valuation, partially offset by inconsistent cash flow conversion that raises earnings-quality risk. Technicals are neutral-to-slightly positive longer-term but weak near-term, keeping the overall score in the upper-middle range.

Positive Factors
Strong Balance SheetA debt-free balance sheet and expanding equity base provide APW with substantial financial resilience. Low leverage reduces financing pressure and preserves flexibility to maintain its portfolio through weaker property markets, while the larger equity base supports ongoing investment capacity.
Negative Factors
Weak Cash ConversionRepeated negative operating and free cash flow despite strong reported income raises a material earnings-quality concern. If profits do not consistently convert into cash, APW may have less internally generated capacity to support distributions, portfolio activity, or resilience during adverse conditions.

AIMS Property Securities Fund (APW) vs. iShares MSCI Australia ETF (EWA)

-15%-10%-5%0%5%10%15%20%25%AU:APW+16.07%EWA+13.51%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
AUD 173.62M
Dividend Yield
―
Average Volume (3M)
1,409
Price to Earnings (P/E)
5.0
Beta (1Y)
-0.10
Revenue Growth
839.72%
EPS Growth
-33.97%
Country
Australia
Employees
3
Sector
Real Estate
Sector Strength
65
Industry
Asset Management

AIMS Property Securities Fund Business Overview & Revenue Model

Company Description

The Aims Property Securities Fund, an Australian-based closed-end fund of funds, was launched by MacArthurCook Ltd. and is managed by MacarthurCook Fund Management Limited. This fund primarily invests in other vehicles operating within the real estat...

How the Company Makes Money

AIMS Property Securities Fund (APW) makes money for the fund (and, net of fees, for its unitholders) through investment returns generated by its portfolio of listed property securities. Its primary economic sources of return are (1) distributions/div...

AIMS Property Securities Fund Financial Statement Overview

Summary

Strong solvency with zero debt and rising equity supports resilience, and reported profitability is high. However, revenue/margin volatility and multiple years of negative operating/free cash flow (including FY2026) weaken earnings quality and consistency.

Income Statement

72Positive

Balance Sheet

88Very Positive

Cash Flow

38Negative
Financial statement breakdown
BreakdownTTMJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue8.68M8.68M54.67M25.36M2.17M1.52M
Gross Profit8.68M8.68M54.67M25.36M2.12M1.43M
EBITDA34.72M34.72M52.65M23.98M14.89M4.04M
Net Income34.72M34.72M52.58M23.98M14.89M4.04M
Balance Sheet
Total Assets252.50M252.50M218.64M165.18M141.17M126.27M
Cash, Cash Equivalents and Short-Term Investments557.00K557.00K2.90M3.00M2.56M1.88M
Total Debt000000
Total Liabilities176.00K176.00K1.05M164.00K142.00K126.00K
Stockholders Equity252.32M252.32M217.60M165.02M141.03M126.14M
Cash Flow
Free Cash Flow-2.04M-2.04M-95.00K434.00K732.00K-105.00K
Operating Cash Flow-2.04M-2.04M-95.00K434.00K732.00K-105.00K
Investing Cash Flow-302.00K-302.00K00-46.00K0
Financing Cash Flow000000

AIMS Property Securities Fund Technical Analysis

Technical Analysis SentimentNeutral
Last Price3.90

Price Trends

50DMA3.91Negative
100DMA3.87Positive
200DMA3.55Positive

Market Momentum

MACD-0.00Positive
RSI47.02Neutral
STOCH4.17Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:APW, the sentiment is Neutral. The current price of 3.90 is below the 20-day moving average (MA) of 3.91, below the 50-day MA of 3.91, and above the 200-day MA of 3.55, indicating a neutral trend. The MACD of -0.00 indicates Positive momentum. The RSI at 47.02 is Neutral, neither overbought nor oversold. The STOCH value of 4.17 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:APW.

AIMS Property Securities Fund Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

AU:APW against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
AU:CLWAU:CLW77OutperformAUD 2.46B8.728.20%7.50%39.66%133.43%
AU:APWAU:APW68NeutralAUD 173.62M5.0014.56%―839.72%-33.97%
Sector *65Neutral$2.17B12.193.79%4.94%3.15%1.96%
AU:DXSAU:DXS64NeutralAUD 6.13B13.044.83%6.45%-28.16%250.74%
AU:TOTAU:TOT64NeutralAUD 88.34M13.535.05%7.97%12.17%378.69%
AU:ABGAU:ABG57NeutralAUD 750.67M-9.69-4.99%10.12%-5.19%-377.08%
AU:WOTAU:WOT51NeutralAUD 87.54M-22.63-1.10%5.09%3.12%15.92%

* Real Estate Sector Average

Performance Comparison

-20%0%20%AU:APWAU:DXSAU:WOTAU:CLWAU:TOTAU:ABGDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
AU:APW and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:APWAIMS Property Securities Fund3.900.5416.07%
AU:DXSDexus5.74-1.06-15.56%
AU:WOTWOTSO Property0.55-0.02-3.68%
AU:CLWCharter Hall Long WALE REIT3.40-0.53-13.53%
AU:TOT360 Capital REIT0.400.037.05%
AU:ABGAbacus Property Group0.84-0.27-24.32%

AIMS Property Securities Fund Corporate Events

AIMS Property Securities Fund Files 2026 Corporate Governance Statement with ASX

Aug 31, 2026

AIMS Property Securities Fund has lodged its corporate governance statement for the financial year ended 30 June 2026, confirming board approval and compliance with ASX Listing Rules on governance disclosures. The statement, available in the annual r...

AIMS Property Securities Fund Posts Lower Income but Higher Asset Backing in FY2026

Aug 31, 2026

AIMS Property Securities Fund reported a sharp decline in revenue and income for the year ended 30 June 2026, with revenue from ordinary activities falling 33.3% to $36.5 million and net income attributable to unitholders down 34% to $34.7 million co...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 17, 2026