US Masters Residential Property Fund (ASX:URF)

Half Year 2025 US Masters Residential Property Fund Earnings Call Transcript

Sep 9, 2025 / 11:00 PM GMT

Release Date Price: A$0.305 (-1.61%)

Transcript

Key Points

Positve

The US Masters Residential Property Fund (ASX:URF) achieved a strong sales performance with 86 properties sold in the first half of 2025, totaling $119 million USD.
The sales pipeline remains robust, with $176 million USD in assets under contract or in the process of being listed for sale.
The group successfully reduced its Global Atlantic facility debt by over $72 million USD, providing more financial flexibility.
The fund repatriated over $51 million USD from the US to Australia, enhancing its capital management strategy.
Net operating income increased by 8% to $4.9 million USD, driven by rental growth on renewal leases.

Negative

The portfolio experienced a 2.84% reduction in value, largely due to a 4.4% decline in the New York premium segment.
The fund recorded a funds from operations loss of $19.7 million USD for the half year, reflecting holding and sales costs.
Buyer sentiment in New York was negatively impacted by political developments, leading to a temporary cooling in activity.
The New Jersey workforce and premium segments saw smaller valuation decreases of 1.2% and 1.1%, respectively.
The fund faces challenges in the Harlem-Hamilton Heights submarket, with slower transaction activity and remaining unsold properties.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

URF.AX - US Masters Residential Property Fund
Half Year 2025 US Masters Residential Property Fund Earnings Call
Sep 09, 2025 / 11:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by, and welcome to the US Masters residential Property Fund, 30 June 2025 results webcast.

All participants are in a listen-only mode. There will be a presentation followed by a question and answer session.

If you wish to ask a question, you will need to press the star key, followed by the number one on your telephone keypad.

I would now like to hand the conference over to Mr. Stewart Nisbet, Independent chair. Please go ahead.

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Unidentified_2 [2]
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Thank you.

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