RAM ESSENTIAL SERVICES PROPERTY FUND (REP)
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REP - RAM ESSENTIAL SERVICES PROPERTY FUND

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 8.18
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.635

16 Apr
2024

-0.015

OPEN

$0.64

-2.31%

HIGH

$0.65

723,135

LOW

$0.63

TARGET
$0.79 24.4% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . ASK . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DXC . DXI . DXS . ECF . GDF . GDI . HCW . HDN . NPR . NSR . PLG . RFF . RGN . SCG . TGP . URW . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
REP: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 5.3 xxx
DPS (cps) xxx N/A 5.3 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 12.1 xxx
Dividend Yield xxx N/A 8.3% xxx
Div Pay Ratio(%) xxx N/A 100.0% xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

N/A

Estimated Dividend Growth
(Average Of Past Three Years)

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 28/12 - ex-div 1.4c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 2023
EPS Basic -6.0
DPS All 5.7
Sales/Revenue 56.3 M
Book Value Per Share 96.2
Net Operating Cash Flow 19.7 M
Net Profit Margin -27.81 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 2023
Return on Capital Employed -5.88 %
Return on Invested Capital -2.97 %
Return on Assets -1.90 %
Return on Equity -5.88 %
Return on Total Capital 4.05 %
Free Cash Flow ex dividends -10.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 2023
Short-Term Debt 22 M
Long Term Debt 278 M
Total Debt 300 M
Goodwill - Gross -
Cash & Equivalents - Generic 12 M
Price To Book Value 0.72

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 2023
Capex -
Capex % of Sales -
Cost of Goods Sold 21 M
Selling, General & Admin. Exp & Other 2 M
Research & Development -
Investments - Total 792 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

01/03/2024

1

Buy

$0.74

16.54%

First half results from RAM Essential Services Property Fund were below expectations. Ord Minnett welcomes the reaffirmation of the FY24 distribution guidance and assumes a large skew in the second half because of rent restructuring and increased occupancy.

Distribution guidance was narrowed to 5.6c per unit, reflecting a payout ratio of 95-100%. Otherwise operating metrics appear solid to the broker with 98% occupancy maintained.

Gearing has reduced to 35.7% as a result of asset sales. Ord Minnett retains a Buy rating and the target slips to $0.74 from $0.75.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 5.60 cents and EPS of 5.60 cents.
Ord Minnett forecasts a full year FY25 dividend of 5.00 cents and EPS of 5.20 cents.

REP STOCK CHART