Cash flow RAM Essential Services Property Fund

Stocks

REP

AU0000180317

Diversified REITs

Market Closed - Australian S.E. 01:59:54 2026-08-13 EDT			5-day change	1st Jan Change
0.4150 ^AUD	0.00%		-1.19%	-29.06%

07-22	RAM Essential Services Property Fund to Sell Five Retail Assets; Shares Up 4%	MT
07-22	An undisclosed buyer agreed to acquire 5 RETAIL ASSETS from RAM Essential Services Property Fund for AUD 218.6 million.	CI

180bd4f7f36f036febcba90979219.fEimWSFXEGFSzwt_msTVhDhYGzVWIijgiYGmrCZw16k.JXvqG2kdciUf-Vwu8JHkzHIoWgRiUHu_ubaR6k4XsJsFEcogbyRWLj6lYA

Published financial data: RAM ESSENTIAL SERVICES PROPERTY FUND

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2022	2023	2024	2025
Rental Revenues	36.51M	56.31M	55.66M	57.88M
Gain (Loss) on Sale of Assets, Total (Rev)	3.35M	-	-	-
Total Revenues	39.86M	56.31M	55.66M	57.88M
Property Expenses	6.91M	15.83M	18.33M	21.42M
Selling General & Admin Expenses, Total	4.27M	5.45M	5.15M	4.24M
Depreciation & Amortization - (IS) - (Collected)	4.42M	-	-	-
Other Operating Expenses	302K	1.68M	2.06M	2.58M
Total Operating Expenses	15.9M	22.96M	25.54M	28.25M
Operating Income (REIT / Utility Template)	23.96M	33.35M	30.12M	29.64M
Interest Expense, Total	2.12M	-11.12M	-17.43M	-17.69M
Interest and Investment Income	2K	6K	39K	151K
Net Interest Expenses	2.13M	-11.12M	-17.39M	-17.54M
Other Non Operating Income (Expenses)	-16.2M	-	-	-
EBT, Excl. Unusual Items	9.89M	22.23M	12.73M	12.1M
Impairment of Goodwill	-907K	-	-	-
Gain (Loss) on Sale of Assets	-	-	-3.21M	-4.31M
Asset Writedown	52.48M	-38.86M	-33.98M	-22.5M
EBT, Incl. Unusual Items	61.46M	-16.63M	-24.46M	-14.71M
Earnings From Continuing Operations	61.46M	-16.63M	-24.46M	-14.71M
Net Income to Company	61.46M	-16.63M	-24.46M	-14.71M
Minority Interest	-18.93M	965K	13.11M	9.18M
Net Income - (IS)	42.54M	-15.66M	-11.36M	-5.53M
Net Income to Common Incl Extra Items	42.54M	-15.66M	-11.36M	-5.53M
Net Income to Common Excl. Extra Items	42.54M	-15.66M	-11.36M	-5.53M
Per Share Items
Net EPS - Basic	0.12	-0.03	-	-
Basic EPS - Continuing Operations	0.12	-0.03	-	-
Basic Weighted Average Shares Outstanding	354M	482M	-	-
Net EPS - Diluted	0.12	-0.03	-	-
Diluted EPS - Continuing Operations	0.12	-0.03	-	-
Diluted Weighted Average Shares Outstanding	354M	482M	-	-
Normalized Basic EPS	-0.04	0.03	-	-
Normalized Diluted EPS	-0.04	0.03	-	-
Dividend Per Share	0.04	0.06	0.06	0.05
Payout Ratio	31.19	-193.23	-253.95	-471.25
Supplemental Items
EBITDA	28.38M	37.41M	34.98M	37.49M
EBITA	23.96M	33.35M	30.12M	29.64M
EBIT	23.96M	33.35M	30.12M	29.64M
Total Revenues (As Reported)	98.65M	56.32M	55.7M	58.03M
Normalized Net Income	-12.75M	14.86M	21.06M	16.75M
Supplemental Operating Expense Items
General and Administrative Expenses	4.27M	5.45M	5.15M	4.24M

Fiscal Period: June	2022	2023	2024	2025
Assets
Cash And Equivalents	15.82M	11.95M	9.41M	4.4M
Accounts Receivable, Total	3.98M	8.96M	11.08M	11.34M
Other Receivables	1.24M	340K	337K	1.24M
Investment In Debt and Equity Securities	6.3M	5.61M	2.35M	-
Goodwill	2.9M	-	-	-
Other Current Assets, Total	444K	2.43M	42.9M	135K
Other Long-Term Assets, Total	802M	788M	685M	674M
Total Assets	832M	817M	752M	691M
Liabilities
Short-Term Borrowings	12.68M	22.22M	-	267M
Long-Term Debt	244M	278M	285M	-
Accounts Payable, Total	7.15M	42K	282K	1.55M
Accrued Expenses, Total	6.35M	2.53M	6.68M	7.62M
Unearned Revenue, Current	1.96M	1.78M	1.05M	1.18M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	8.52M	7.25M	7.2M	6.33M
Other Non Current Liabilities	681K	528K	7.33M	8.66M
Total Liabilities	282M	313M	307M	293M
Common Stock, Total	247M	247M	243M	240M
Retained Earnings	35.71M	3.87M	-23.01M	-41.42M
Total Common Equity	282M	251M	220M	199M
Minority Interest	268M	254M	224M	199M
Total Equity	551M	504M	444M	398M
Total Liabilities And Equity	832M	817M	752M	691M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	521M	521M	-	-
ECS Total Common Shares Outstanding	521M	521M	-	-
Book Value / Share	0.54	0.48	-	-
Tangible Book Value	280M	251M	220M	199M
Tangible Book Value Per Share	0.54	0.48	-	-
Total Debt	257M	300M	285M	267M
Net Debt	241M	288M	275M	263M
Minority Interest, Total (Incl. Fin. Div)	268M	254M	224M	199M
Account Code - Inventory Valuation	3	3	3	3
Accumulated Allowance for Doubtful Accounts (Supple)	176K	283K	359K	78K

Fiscal Period: June	2022	2023	2024	2025
Net Income	42.54M	-15.66M	-11.36M	-5.53M
Depreciation, Depletion & Amortization	4.42M	4.06M	4.87M	7.86M
Total Depreciation, Depletion & Amortization	4.42M	4.06M	4.87M	7.86M
Amortization of Deferred Charges, Total	-	1.25M	1.71M	777K
(Gain) Loss On Sale of Asset - (CF)	-3.35M	-	3.21M	4.31M
(Gain) Loss on Sale of Investments - (CF)	-6.3M	-	-	-
Total Asset Writedown	-51.57M	38.86M	33.98M	22.5M
Change in Accounts Receivable	325K	-3.16M	-2.6M	-478K
Change in Accounts Payable	-10.1M	-4.79M	3.22M	421K
Change in Other Net Operating Assets (Collected)	-5.51M	-2.94M	2.37M	-15K
Other Operating Activities	34.62M	2.1M	-3.9M	-5.41M
Cash from Operations	5.07M	19.72M	31.5M	24.43M
Acquisition of Real Estate Assets, Total	-177M	-35.5M	-16.07M	-50.66M
Sale of Real Estate Assets, Total	19.33M	-	34.85M	71.83M
Net Sale / Acquisition of Real Estate Assets	-158M	-35.5M	18.78M	21.18M
Cash from Investing	-158M	-35.5M	18.78M	21.18M
Long-Term Debt Issued, Total	-	43.15M	12.3M	55.3M
Total Debt Issued	-	43.15M	12.3M	55.3M
Long-Term Debt Repaid, Total	-18.77M	-	-29.22M	-73.04M
Total Debt Repaid	-18.77M	-	-29.22M	-73.04M
Issuance of Common Stock	193M	-	-	-
Repurchase of Common Stock	-	-	-6.34M	-6.48M
Common Dividends Paid	-13.27M	-30.27M	-28.84M	-26.06M
Common & Preferred Stock Dividends Paid	-13.27M	-30.27M	-28.84M	-26.06M
Other Financing Activities, Total	-	-979K	-724K	-346K
Cash from Financing	161M	11.9M	-52.82M	-50.62M
Miscellaneous Cash Flow Adjustments	7.82M	-	-	-
Net Change in Cash	15.82M	-3.87M	-2.54M	-5.02M
Supplemental Items
Cash Interest Paid	3.29M	9.73M	9.84M	14.29M
Net Debt Issued / Repaid	-18.77M	43.15M	-16.92M	-17.73M
Levered Free Cash Flow	-	720K	-24.47M	59.17M
Unlevered Free Cash Flow	-	6.42M	-15.08M	69.45M
Change In Net Working Capital	-	18.48M	38.98M	-43.07M

Fiscal Period: June	2022	2023	2024	2025
Profitability
Return on Assets	-	2.53	2.4	2.57
Return on Total Capital	-	2.59	2.45	2.66
Return On Equity %	-	-3.15	-5.16	-3.49
Return on Common Equity	-	-5.88	-4.82	-2.64
Margin Analysis
Gross Profit Margin %	82.67	71.88	67.06	63
SG&A Margin	10.72	9.69	9.26	7.33
EBITDA Margin %	71.2	66.44	62.86	64.77
EBITA Margin %	60.11	59.22	54.11	51.2
EBIT Margin %	60.11	59.22	54.11	51.2
Income From Continuing Operations Margin %	154.18	-29.53	-43.96	-25.42
Net Income Margin %	106.7	-27.81	-20.4	-9.56
Net Avail. For Common Margin %	106.7	-27.81	-20.4	-9.56
Normalized Net Income Margin	-31.97	26.39	37.85	28.93
Levered Free Cash Flow Margin	-	1.28	-43.96	102.23
Unlevered Free Cash Flow Margin	-	11.41	-27.1	119.99
Asset Turnover
Asset Turnover	-	0.07	0.07	0.08
Receivables Turnover (Average Receivables)	-	8.79	5.55	5.16
Short Term Liquidity
Current Ratio	0.59	0.7	4.19	0.06
Quick Ratio	0.57	0.63	1.37	0.06
Operating Cash Flow to Current Liabilities	0.14	0.58	2.07	0.09
Days Sales Outstanding (Average Receivables)	-	41.52	65.92	70.69
Average Days Payable Outstanding	-	82.86	3.23	15.6
Long Term Solvency
Total Debt/Equity	46.67	59.58	64.01	67.12
Total Debt / Total Capital	31.82	37.33	39.03	40.16
LT Debt/Equity	44.37	55.17	64.01	-
Long-Term Debt / Total Capital	30.25	34.57	39.03	-
Total Liabilities / Total Assets	33.84	38.26	40.86	42.36
EBIT / Interest Expense	-11.28	3	1.73	1.68
EBITDA / Interest Expense	-13.36	3.36	2.01	2.12
(EBITDA - Capex) / Interest Expense	-13.36	3.36	2.01	2.12
Total Debt / EBITDA	9.05	8.03	8.13	7.13
Net Debt / EBITDA	8.5	7.71	7.86	7.01
Total Debt / (EBITDA - Capex)	9.05	8.03	8.13	7.13
Net Debt / (EBITDA - Capex)	8.5	7.71	7.86	7.01
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	21.97	-1.16	4
Gross Profit, 1 Yr. Growth %	-	16.18	-7.79	-2.31
EBITDA, 1 Yr. Growth %	-	7.86	-6.49	7.17
EBITA, 1 Yr. Growth %	-	10.19	-9.7	-1.59
EBIT, 1 Yr. Growth %	-	10.19	-9.7	-1.59
Earnings From Cont. Operations, 1 Yr. Growth %	-	-127.05	47.13	-39.85
Net Income, 1 Yr. Growth %	-	-136.82	-27.5	-51.29
Diluted EPS Before Extra, 1 Yr. Growth %	-	-127.08	-	-
Normalized Net Income, 1 Yr. Growth %	-	-216.59	41.75	-20.5
Accounts Receivable, 1 Yr. Growth %	-	132.9	23.69	2.26
Total Assets, 1 Yr. Growth %	-	-1.86	-7.99	-8.1
Common Equity, 1 Yr. Growth %	-	-11.26	-12.04	-9.89
Tangible Book Value, 1 Yr. Growth %	-	-10.34	-12.04	-9.89
Cash From Operations, 1 Yr. Growth %	-	289.32	59.72	-22.44
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-3.5K	-341.86
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-334.77	-560.48
Dividend Per Share, 1 Yr. Growth %	-	42.6	-1.82	-10.71
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	9.8	1.38
Gross Profit, 2 Yr. CAGR %	-	-	3.5	-5.09
EBITDA, 2 Yr. CAGR %	-	-	0.43	0.1
EBITA, 2 Yr. CAGR %	-	-	-0.25	-5.73
EBIT, 2 Yr. CAGR %	-	-	-0.25	-5.73
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-36.91	-5.93
Net Income, 2 Yr. CAGR %	-	-	-48.33	-40.58
Normalized Net Income, 2 Yr. CAGR %	-	-	28.56	6.15
Accounts Receivable, 2 Yr. CAGR %	-	-	69.73	12.47
Total Assets, 2 Yr. CAGR %	-	-	-4.97	-8.05
Common Equity, 2 Yr. CAGR %	-	-	-11.65	-10.97
Tangible Book Value, 2 Yr. CAGR %	-	-	-11.2	-10.97
Cash From Operations, 2 Yr. CAGR %	-	-	149.37	11.3
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	806.4
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	228.8
Dividend Per Share, 2 Yr. CAGR %	-	-	18.32	-6.37
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	7.83
Gross Profit, 3 Yr. CAGR %	-	-	-	1.53
EBITDA, 3 Yr. CAGR %	-	-	-	2.63
EBITA, 3 Yr. CAGR %	-	-	-	-0.7
EBIT, 3 Yr. CAGR %	-	-	-	-0.7
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	-37.91
Net Income, 3 Yr. CAGR %	-	-	-	-49.34
Normalized Net Income, 3 Yr. CAGR %	-	-	-	9.53
Accounts Receivable, 3 Yr. CAGR %	-	-	-	43.35
Total Assets, 3 Yr. CAGR %	-	-	-	-6.03
Common Equity, 3 Yr. CAGR %	-	-	-	-11.07
Tangible Book Value, 3 Yr. CAGR %	-	-	-	-10.76
Cash From Operations, 3 Yr. CAGR %	-	-	-	68.95
Dividend Per Share, 3 Yr. CAGR %	-	-	-	7.72