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RAM Essential Services Property Fund
(Sydney:REP)
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Rating:52Neutral
Price Target:
AU$0.42
▼(-0.24% Downside)
Action:Reiterated
Date:08/27/26
The score is primarily held back by weakening financial performance—persistent losses, declining revenue, and moderate-to-high leverage with shrinking equity—despite consistently positive cash generation. Technical signals are also weak with the stock trading below key moving averages and a negative MACD. Valuation is supported by a very high dividend yield, but this is tempered by a mid-range P/E and the weaker earnings trajectory.
Positive Factors
Consistent Cash Generation
Positive operating and free cash flow provide an important source of internal funding despite accounting losses. This supports ongoing operations and asset management, although the recent decline in cash-flow growth means the strength requires continued monitoring.
Negative Factors
Persistent Net Losses
Several consecutive years of losses indicate that the fund's earnings base is currently unstable. Persistent negative profitability can reduce equity, constrain distributions, and weaken capacity to absorb operating or property-level pressures.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Cash Generation
Positive operating and free cash flow provide an important source of internal funding despite accounting losses. This supports ongoing operations and asset management, although the recent decline in cash-flow growth means the strength requires continued monitoring.
Read all positive factors
RAM Essential Services Property Fund (REP) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$207.94M
Dividend Yield10.96%
Average Volume (3M)474.71K
Price to Earnings (P/E)―
Beta (1Y)0.30
Revenue Growth-29.61%
EPS Growth-158.18%
CountryAU
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-0.06
Shares Outstanding501,065,200
10 Day Avg. Volume310,728
30 Day Avg. Volume474,711
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)0.60
Price to Sales (P/S)2.48
P/FCF Ratio4.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.63Price Target Upside50.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.04
Revenue Forecast (FY)AU$48.34M
RAM Essential Services Property Fund Business Overview & Revenue Model
Company Description
Headquartered in Australia, RAM Essential Services Property Fund operates as a Real Estate Investment Trust (REIT). It strategically invests in premium Australian properties within the healthcare and vital retail sectors, with these assets leased ...
How the Company Makes Money
null...
RAM Essential Services Property Fund Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
55
Neutral
Cash Flow
63
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 40.85M | 57.88M | 55.66M | 56.32M | 36.51M |
| Gross Profit | 13.90M | 57.88M | 55.66M | 35.03M | 4.98M |
| EBITDA | -6.48M | 33.54M | 31.96M | 36.73M | 15.14M |
| Net Income | -14.22M | -5.53M | -11.36M | -15.66M | 42.53M |
Balance Sheet | |||||
| Total Assets | 661.12M | 690.66M | 751.55M | 816.83M | 832.33M |
| Cash, Cash Equivalents and Short-Term Investments | 9.60M | 4.40M | 9.41M | 11.95M | 15.82M |
| Total Debt | 289.03M | 267.21M | 284.51M | 300.43M | 257.01M |
| Total Liabilities | 311.30M | 292.55M | 307.06M | 312.56M | 281.68M |
| Stockholders Equity | 168.39M | 198.62M | 220.43M | 250.60M | 282.44M |
Cash Flow | |||||
| Free Cash Flow | 21.94M | 24.43M | 31.50M | 19.72M | 5.07M |
| Operating Cash Flow | 21.94M | 24.43M | 31.50M | 19.72M | 5.07M |
| Investing Cash Flow | -12.88M | 21.18M | 18.78M | -35.50M | -157.73M |
| Financing Cash Flow | -3.86M | -50.62M | -52.82M | 11.90M | 160.67M |
RAM Essential Services Property Fund Technical Analysis
Negative
0.42
Price Trends
0.42
Negative
0.43
Negative
0.48
Negative
Market Momentum
<0.01
Negative
49.20
Neutral
42.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:REP, the sentiment is Negative. The current price of 0.42 is above the 20-day moving average (MA) of 0.42, below the 50-day MA of 0.42, and below the 200-day MA of 0.48, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 49.20 is Neutral, neither overbought nor oversold. The STOCH value of 42.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:REP.
RAM Essential Services Property Fund Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | AU$26.98M | 3.46 | 27.70% | 1.76% | 422.26% | 1436.25% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | AU$2.26B | 24.81 | 5.64% | 6.22% | -16.00% | ― | |
52 Neutral | AU$207.94M | -7.31 | -7.78% | 10.96% | -29.61% | -158.18% | |
45 Neutral | AU$16.58M | -7.08 | -6.24% | 10.31% | -40.66% | 82.75% |
* Financial Sector Average
AU:REP
RAM Essential Services Property Fund
0.42
-0.14
-25.23%
AU:PPT
Perpetual Limited
19.60
1.82
10.26%
AU:BWF
Blackwall Limited
0.10
-0.13
-57.27%
AU:LCE
London City Equities Ltd
0.85
0.08
10.39%
AU:MRE
Metrics Real Estate Multi-Strategy Fund
1.67
-0.22
-11.72%
RAM Essential Services Property Fund Corporate Events
RAM Essential Services Property Fund Files Updated Governance Statement and Appendix 4G
Aug 26, 2026
RAM Essential Services Property Fund has lodged its updated corporate governance statement for the year ended 30 June 2026, confirming that the document is current as at that date and has been approved by the board. The statement is made available...
RAM Essential Services Property Fund outlines FY26 results and strategy update
Aug 25, 2026
RAM Essential Services Property Fund has released its FY26 operating results and strategic update dated 26 August 2026, outlining full-year highlights, portfolio performance, financial outcomes, future strategy and other information. While detaile...
RAM Essential Services Property Fund Posts Larger Loss and Cuts Final Distribution
Aug 25, 2026
RAM Essential Services Property Fund reported a sharp deterioration in earnings for the year to 30 June 2026, with total income from ordinary activities falling 12.9% to A$43.7 million. The stapled group swung to a significantly larger loss, with ...
RAM Essential Services Property Fund sets date for FY26 results and investor call
Aug 24, 2026
RAM Essential Services Property Fund will release its financial results for the year ended 30 June 2026 on 26 August 2026, alongside an investor and analyst conference call later that morning. A detailed results presentation will be made available...
RAM Essential Services Property Fund Advances Sale of Five Retail Assets While Retaining Minority Stake
Aug 18, 2026
RAM Essential Services Property Fund has confirmed that all conditions have been satisfied for the sale of five retail assets to a fund established by a leading institutional investor, with completion expected in the second quarter of FY27. The fu...
REP Sells Retail Assets, Tilts Portfolio Toward Healthcare and Cuts Gearing
Jul 22, 2026
RAM Essential Services Property Fund has agreed to sell five retail centres, including Coomera Square and Springfield Fair, to a fund backed by a large institutional investor while retaining a 10% stake in the new vehicle. It is also divesting $17...
RAM Essential Services Property Fund Sets June Quarter Distribution and Tax Components
Jul 13, 2026
RAM Essential Services Property Fund has declared a June quarter distribution of 0.80 cents per stapled security, covering the period from 1 April to 30 June 2026, with a record date of 30 June and payment due on 30 July. The trust structure, comp...
RAM Essential Services Property Fund Sets June-Quarter Distribution
Jun 24, 2026
RAM Essential Services Property Fund has declared a quarterly distribution of AUD 0.008 per fully paid stapled security for the period ending 30 June 2026, continuing its regular income payments to unitholders. The securities will trade ex-distrib...
RAM Essential Services Property Fund Corrects June Quarter Payout, Lifts FY26 Distribution to 4.55 Cents
Jun 24, 2026
RAM Essential Services Property Fund has updated its declared quarterly distribution for the period ending 30 June 2026 to 0.8 cents per stapled security, correcting a prior decimal-place error. The payment, scheduled for 30 July with an ex-distri...
RAM Essential Services Property Fund Sets June Quarter and Full-Year 2026 Distributions
Jun 24, 2026
RAM Essential Services Property Fund has declared a quarterly distribution of 0.08 cents per stapled security for the quarter ending 30 June 2026, with the ex-distribution date set for 29 June, the record date on 30 June, and payment scheduled for...
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.