RAM Essential Services Property Fund (ASX:REP)
A$ 0.64 -0.005 (-0.78%) Market Cap: 328.27 Mil Enterprise Value: 597.61 Mil PE Ratio: 0 PB Ratio: 0.70 GF Score: 22/100

Half Year 2024 RAM Essential Services Property Fund Earnings Call Transcript

Feb 29, 2024 / 12:00AM GMT
Release Date Price: A$0.655 (-1.50%)
Scott Kelly
RAM Essential Services Property Fund - Chief Executive Officer, Managing Director, Director

Thanks very much, Chris. Good morning, everybody. Thanks for joining the call. I'm joined by Matthew Strotton, who's Head of Real Estate; and also, Peter Granato, who used to keep our manager on this fund. The plan is that we'll take around the next 20 minutes to run you through our presentation that was posted this morning, As Chris said, just leaving enough time for Q&A thereafter.

On page 2 of the deck, you will see the agenda. So I'll run through the highlights and hand over to Peter to cover the financial performance. Then Matt, will take up the baton and discuss the performance of the portfolio and capital management. Then I'll quickly sum up before opening to questions.

Turning to page 4, I'm running you through the highlights from left to right. The picture of the presentations in the recent past has been strong leasing spreads, and that continues to be the case with an average of 8% increases across 17 deals in the period. So that inflation protection is coming through

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