US Masters Residential Property Fund (URF.AX)
US Masters Residential Property Fund operates in the REIT - Residential industry of the Real Estate sector, headquartered in North Sydney, NSW, AU. The stock last traded at $0.16, down 1.82% on the session, giving a market capitalisation of $111.5M. Its beta of 0.05 implies it has historically moved less than the broad market.
US Masters Residential Property Fund (Fund) was established in 2011 and is listed on the Australian Securities Exchange. The Fund was established to give investors exposure to US residential property and is the largest Australian-listed property trust with a primary strategy of investing in freestanding and multi-tenant US residential property in the New York metropolitan area. As of 31 December 2024, the Fund’s portfolio has 623 housing units across 340 freestanding properties, with a gross asset value of approximately 710 million US dollars. The Fund conducts all its New York metropolitan area residential investment through its controlled entity US Masters Residential Property (USA) Fund, a Maryland Real Estate Investment Trust (US REIT). In June 2024, the fund created a stapled group, by stapling units in a new fund US Masters Residential Property Fund II (ARSN 676 798 468) (URFII) to existing units in the Fund. URF II was created to own a new responsible entity, US Masters Responsible Entity Limited (ACN 672 783 345 | AFSL 553 794), which is now owned by Fund Unitholders, independent of any financial services organization and operates on a cost-recovery basis. US Masters Residential Property Fund was incorporated in 2011 in Australia.
US Masters Residential Property Fund is most often compared with the following Real Estate names: