Australia · Delayed Price · Currency is AUD RAM Essential Services Property Fund Earnings Call Transcripts
Fiscal Year 2026
-
Portfolio remains resilient with 97% occupancy and a seven-year WALE, as the transition to 80% healthcare advances with the sale of five retail assets. Normalized FFO declined due to one-off costs, but full-year projections and DPU yield above 9% remain on track.
Fiscal Year 2025
-
Portfolio delivered stable cash flows, 3.2% annual growth, and 98% occupancy, with a strategic shift toward healthcare assets. Gearing is 38.8%, NTA is AUD 0.81, and guidance targets an 8%+ yield as capital recycling and value-add projects continue.
-
Strong half-year results driven by high occupancy, robust leasing, and a shift toward healthcare assets. FFO and distributions met expectations, with gearing stable at 35% and cap rates stabilizing. Guidance targets an 8% yield, supported by a healthy acquisition pipeline.