US MASTERS RESIDENTIAL PROPERTY FUND (URF)



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General Information
Company Name: US Masters Residential Property Fund
Stock Code: URF
Website: www.usmastersresidential.com.au
GICS Sub-Industry: Residential Real Estate Investment Trusts
Market Cap ($M): 313
Equiv. Shares (M): 169

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 1.850 $ 1.810 $ 1.850 $ 1.810 $ 1.800 9,000 $ 0.050  2.778 %

Company Overview

Business Description:
US Masters Residential Property Fund (URF) is an Australian-listed property trust with a primary strategy of investing in direct US residential property. The Fund aims to give investors the opportunity to gain exposure to a diversified portfolio of US-based residential property assets. The Fund is managed by Dixon Advisory & Superannuation Services Limited in its capacity as the Responsible Entity and Investment Manager.


Financial Summary
Year to Dec NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A -1.5 -1.7 -- 0.0 10.0 6.3 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap A F 2012 F A F 2012 F A F 2012 F
US Masters Residential Property (URF) $304 M -- -- -- -- -- -- 0.0556 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth
URF -- -- 1.29 --
Market 1.10 12.9 0.91 2.56
Sector 1.47 16.1 1.04 2.30

Directors
Name Position Start Date
Mr Daryl Albert Dixon Executive Chairman 05 December 2002
Mr Maximillian Walsh Executive Deputy Chairman 01 May 2008
Mr Alan Cochrane Dixon Managing Director 05 December 2002
Mr Alexander Gen MacLachlan Managing Director - Funds Management,Chief Executive Officer 15 March 2011
Mr Christopher Matthew Brown Managing Director - Strategy,Chief Operating Officer 15 March 2011

Calendar of Events
Date Event
26 March 2014 Report (Annual)
27 February 2014 Report (Prelim)
30 August 2013 Report (Interim)
19 July 2013 Report (Annual)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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