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AIMS Property Securities Fund
(Sydney:APW)
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Rating:68Neutral
Price Target:
AU$4.50
â–²(14.80% 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 Sheet
A 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 Conversion
Repeated 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Balance Sheet
A 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.
Read all positive factors
AIMS Property Securities Fund (APW) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$176.74M
Dividend Yield3.97%
Average Volume (3M)623.00
Price to Earnings (P/E)5.0
Beta (1Y)-0.09
Revenue Growth839.72%
EPS Growth-33.97%
CountryAU
Employees3
SectorReal Estate
Sector Strength53
IndustryAsset Management
Share Statistics
EPS (TTM)0.78
Shares Outstanding44,519,080
10 Day Avg. Volume505
30 Day Avg. Volume623
Financial Highlights & Ratios
PEG Ratio-0.16
Price to Book (P/B)0.73
Price to Sales (P/S)21.33
P/FCF Ratio-90.69
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 es...
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/...
AIMS Property Securities Fund Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
88
Very Positive
Cash Flow
38
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 8.68M | 54.67M | 25.36M | 2.17M | 1.52M |
| Gross Profit | 8.68M | 54.67M | 25.36M | 2.12M | 1.43M |
| EBITDA | 34.72M | 52.65M | 23.98M | 14.89M | 4.04M |
| Net Income | 34.72M | 52.58M | 23.98M | 14.89M | 4.04M |
Balance Sheet | |||||
| Total Assets | 252.50M | 218.64M | 165.18M | 141.17M | 126.27M |
| Cash, Cash Equivalents and Short-Term Investments | 557.00K | 2.90M | 3.00M | 2.56M | 1.88M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 176.00K | 1.05M | 164.00K | 142.00K | 126.00K |
| Stockholders Equity | 252.32M | 217.60M | 165.02M | 141.03M | 126.14M |
Cash Flow | |||||
| Free Cash Flow | -2.04M | -95.00K | 434.00K | 732.00K | -105.00K |
| Operating Cash Flow | -2.04M | -95.00K | 434.00K | 732.00K | -105.00K |
| Investing Cash Flow | -302.00K | 0.00 | 0.00 | -46.00K | 0.00 |
| Financing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
AIMS Property Securities Fund Technical Analysis
Positive
3.92
Price Trends
3.90
Positive
3.73
Positive
3.46
Positive
Market Momentum
<0.01
Positive
49.29
Neutral
7.78
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:APW, the sentiment is Positive. The current price of 3.92 is above the 20-day moving average (MA) of 3.91, above the 50-day MA of 3.90, and above the 200-day MA of 3.46, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.29 is Neutral, neither overbought nor oversold. The STOCH value of 7.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:APW.
AIMS Property Securities Fund Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | AU$2.35B | 8.38 | 8.20% | 7.73% | 39.66% | 133.43% | |
68 Neutral | AU$176.74M | 5.00 | 14.56% | 3.97% | 839.72% | -33.97% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | AU$5.95B | 12.83 | 4.83% | 6.45% | -28.16% | 250.74% | |
64 Neutral | AU$87.22M | 13.53 | 5.05% | 7.97% | 12.17% | 378.69% | |
58 Neutral | AU$737.27M | -9.80 | -4.99% | 9.88% | -5.19% | -377.08% | |
57 Neutral | AU$83.56M | -22.02 | -1.10% | 5.23% | 3.12% | 15.92% |
* Real Estate Sector Average
AU:APW
AIMS Property Securities Fund
3.90
0.68
21.12%
AU:DXS
Dexus
5.74
-1.05
-15.45%
AU:WOT
WOTSO Property
0.54
-0.03
-4.63%
AU:CLW
Charter Hall Long WALE REIT
3.30
-0.80
-19.51%
AU:TOT
360 Capital REIT
0.40
0.01
3.13%
AU:ABG
Abacus Property Group
0.86
-0.27
-24.10%
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 annua...
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...
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.