REP - RAM Essential Services Property Fund

[System]

RAM Essential Services Property Fund (REP) will be an Australian Real Estate Investment Trust listed on the ASX that invests in high quality Australian medical and essential retail real estate assets, leased to essential services tenants.

The Fund’s objective is to provide investors with stable and secure income with the potential for both income and capital growth through an exposure to a high quality, defensive portfolio of assets with favourable sector trends. The Fund is actively and professionally managed by RAM which has proven property expertise and a strong track record of delivering stable and growing returns through a hands-on and active management approach.

It is anticipated that REP will list on the ASX during October 2021.

RAM Essential Services Property Fund ASX:REP | Medical REIT

Invest in a high-quality Australian property fund focused on essential and medical REIT offering stable income and potential capital growth.

ramgroup.com

 

[Dona Ferentes]

Listing date	20 October 2021 12:00 PM AEDT ##
Company contact details	https://ramgroup.com/investment-offering/ram-essential-services-property-fund/ Ph: (61) 2 8880 6688
Principal Activities	Owning and managing a portfolio of commercial retail and medical real estate assets.
GICS industry group	TBA
Issue Price	AUD 1.00
Issue Type	Fully Paid Units Stapled Securities
Security code	REP
Capital to be Raised	$356,900,000
Expected offer close date	15 October 2021
Underwriter	Fully underwritten. UBS AG and Ord Minnett Limited (Joint Underwriters). UBS AG, Credit Suisse (Australia) Limited, Ord Minnett Limited (Joint Lead Managers)

 

[Dona Ferentes]

REP up and trading... opened at $1.05 and now around $1.02

.... I would not expect a REIT to deviate too far from its valuation metrics. At least there was a bit in it for IPO investors

 

[divs4ever]

this just caught my eye ( which means i HAVEN'T carefully researched it yet )

i will probably give this a miss .. unless the SP drops to 90c or less

DYOR

 

[divs4ever]

Shareholders​

NAME	TRADE TYPE	DATE OF TRADE	PREVIOUS (%)	NEW (%)	SHARES TRADED
Equity Trustees Limited	Buy	22 Oct 21	--	30.03%	156,485,987
Pendal Group Limited	Buy	22 Oct 21	--	6.86%	35,731,917

i hold PDL 'free-carried ' ( bought as BTT )
and EQT ( nicely up for me )

interesting

 

[Dona Ferentes]

Argo has acquired a stake, not revealed whether at IPO or on market, in REP, as disclosed in their Half Yearly

After listing a few cents above the $1.00 issue price, there has been a bit of a selldown in January, dropping from $1.02 to 95c.

As Capitalisation Rates are all important in commercial property valuations, there is a fair likelihood any pricing adjustment is based on changing Bond rates

• 2-year yield: in Oct was 0.13% , now 0.92%
• 5-year yield: ................... 1.18% , now 1.64%
• 10-year yield: ................. 1.80% , now 1.96%

 

[divs4ever]

closed at 80.5 cents today

i guess i have some researching ( and thinking ) to do this weekend

( if i buy in, it will be a small nibble , and watch , and maybe nibble later in the year )

 

[divs4ever]

REP is my third pick in the full ( calendar ) year comp.

despite the headwinds i think that will face property/REITs plays , this puts a focus on SOME tenants that are providing healthcare services

this pays three monthly ( and better stability of tenants ) there is a chance income starved investors will find this attractive

i have been nibbling at this since July 2022 and will probably continue to do so in the coming year ( when it is cheap

 

[houtman]

REP is one of the 3 stocks I bought into after going through everyone’s picks in the yearly comp, the other 2 being CTM and ORR.

Main reason being I’m moving out of physical property and looking for a similar replacement.
I like the focus on medical with this one and the quarterly payment,

I’ve got some learning to do though, I haven’t had anything in this sector previously.

The balance between more services going online but also increasing and ageing population is difficult to forecast in regard to commercial property.

 

[divs4ever]

REP is one of the 3 stocks I bought into after going through everyone’s picks in the yearly comp, the other 2 being CTM and ORR.

Main reason being I’m moving out of physical property and looking for a similar replacement.
I like the focus on medical with this one and the quarterly payment,

I’ve got some learning to do though, I haven’t had anything in this sector previously.

The balance between more services going online but also increasing and ageing population is difficult to forecast in regard to commercial property.

having a 'medical services ' component implies a regular amount of 'foot traffic ' ( and a slightly better tenancy average )

that does NOT make them bullet-proof , but can give you that tiny edge

BTW there are other REITs that occupy the same niche ( i am liable to nibble at those as well IF the price is right )

 

[divs4ever]

ASX ANNOUNCEMENT
23 March 2023 MARCH 2023

DISTRIBUTION RAM Essential Services Property Fund (REP) has announced a distribution for the for quarter ending 31 March 2023 of 1.45 cents per stapled security.
Key dates in relation to the distribution are as follows:
Event Date Ex-distribution date 30 March 2023
Record date 31 March 2023 Distribution payment date 28 April 2023

RAM Head of Real Estate, Matthew Strotton, said, “Against a backdrop of heightened volatility and increased uncertainty, the fund’s income remains stable and predictable, and we continue to deliver in accordance with expectations.
The sectors in which we operate are resilient, our tenant covenant is strong, and the fund remains well positioned.” This announcement is authorised to be given to ASX by Stewart Chandler, Company Secretary

i hold REP

has all the usual risks of a REIT

 

[divs4ever]

RAM Essential Services Property Fund announced unfranked ordinary distribution of A$0.0125 per security for quarter ending 30 September 2024, with record date of 30 September 2024 and with payment date of 25 October 2024.

The Company's distribution reinvestment plan will not apply to this distribution.

i hold REP