Cash flow RAM Essential Services Property Fund

Stocks

REP

AU0000180317

Diversified REITs

Market Closed - Australian S.E. 09:10:04 24/09/2026 +03			5-day change	1st Jan Change
0.4150 ^AUD	-2.35%		-2.35%	-29.06%

09-18	Ram Essential Services Property Fund Announces Distribution for the Quarter Ending 30 September 2026, Payable on 30 October 2026	CI
08-26	RAM Essential Services Property Fund Reports Earnings Results for the Full Year Ended June 30, 2026	CI

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Published financial data: RAM ESSENTIAL SERVICES PROPERTY FUND

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2022 (AUD)	2023 (AUD)	2024 (AUD)	2025 (AUD)	2026 (AUD)
Rental Revenues	36.51M	56.31M	55.66M	57.88M	40.61M
Gain (Loss) on Sale of Assets, Total (Rev)	3.35M	-	-	-	-
Total Revenues	39.86M	56.31M	55.66M	57.88M	40.61M
Property Expenses	6.91M	15.83M	18.33M	21.42M	13.22M
Selling General & Admin Expenses, Total	4.27M	5.45M	5.15M	4.24M	4.51M
Depreciation & Amortization - (IS) - (Collected)	4.42M	-	-	-	-
Other Operating Expenses	302K	1.68M	2.06M	2.58M	3.27M
Total Operating Expenses	15.9M	22.96M	25.54M	28.25M	21M
Operating Income (REIT / Utility Template)	23.96M	33.35M	30.12M	29.64M	19.61M
Interest Expense, Total	2.12M	-11.12M	-17.43M	-17.69M	-14.37M
Interest and Investment Income	2K	6K	39K	151K	167K
Net Interest Expenses	2.13M	-11.12M	-17.39M	-17.54M	-14.2M
Other Non Operating Income (Expenses)	-16.2M	-	-	-	2.56M
EBT, Excl. Unusual Items	9.89M	22.23M	12.73M	12.1M	7.97M
Impairment of Goodwill	-907K	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-3.21M	-4.31M	376K
Asset Writedown	52.48M	-38.86M	-33.98M	-22.5M	-38.42M
EBT, Incl. Unusual Items	61.46M	-16.63M	-24.46M	-14.71M	-30.08M
Earnings From Continuing Operations	61.46M	-16.63M	-24.46M	-14.71M	-30.08M
Net Income to Company	61.46M	-16.63M	-24.46M	-14.71M	-30.08M
Minority Interest	-18.93M	965K	13.11M	9.18M	15.85M
Net Income - (IS)	42.54M	-15.66M	-11.36M	-5.53M	-14.22M
Net Income to Common Incl Extra Items	42.54M	-15.66M	-11.36M	-5.53M	-14.22M
Net Income to Common Excl. Extra Items	42.54M	-15.66M	-11.36M	-5.53M	-14.22M
Per Share Items
Net EPS - Basic	0.12	-0.03	-	-	-0.03
Basic EPS - Continuing Operations	0.12	-0.03	-	-	-0.03
Basic Weighted Average Shares Outstanding	354M	482M	-	-	501M
Net EPS - Diluted	0.12	-0.03	-	-	-0.03
Diluted EPS - Continuing Operations	0.12	-0.03	-	-	-0.03
Diluted Weighted Average Shares Outstanding	354M	482M	-	-	501M
Normalized Basic EPS	-0.04	0.03	-	-	0.04
Normalized Diluted EPS	-0.04	0.03	-	-	0.04
Dividend Per Share	0.04	0.06	0.06	0.05	0.05
Payout Ratio	31.19	-193.23	-253.95	-471.25	-176.02
Supplemental Items
EBITDA	28.38M	37.41M	34.98M	37.4M	25.46M
EBITA	23.96M	33.35M	30.12M	29.64M	19.61M
EBIT	23.96M	33.35M	30.12M	29.64M	19.61M
Total Revenues (As Reported)	98.65M	56.32M	55.7M	58.03M	43.72M
Normalized Net Income	-12.75M	14.86M	21.06M	16.75M	20.83M
Supplemental Operating Expense Items
General and Administrative Expenses	4.27M	5.45M	5.15M	4.24M	4.51M

Fiscal Period: June	2022 (AUD)	2023 (AUD)	2024 (AUD)	2025 (AUD)	2026 (AUD)
Assets
Cash And Equivalents	15.82M	11.95M	9.41M	4.4M	9.6M
Accounts Receivable, Total	3.98M	8.96M	11.08M	11.34M	2.72M
Other Receivables	1.24M	340K	337K	1.24M	1.56M
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	225M
Trading Asset Securities, Total	-	-	-	-	808K
Other Long-Term Assets, Total	802M	788M	685M	674M	422M
Total Assets	832M	817M	752M	691M	661M
Liabilities
Current Portion of Long-Term Debt	-	-	-	267M	289M
Short-Term Borrowings	12.68M	22.22M	-	-	-
Long-Term Debt	244M	278M	285M	1.76M	-
Accounts Payable, Total	7.15M	42K	282K	1.55M	278K
Accrued Expenses, Total	6.35M	2.53M	6.68M	7.62M	6.88M
Unearned Revenue, Current	1.96M	1.78M	1.05M	1.18M	1.74M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	8.52M	7.25M	7.2M	6.33M	4.13M
Other Non Current Liabilities	681K	528K	7.33M	6.91M	9.24M
Total Liabilities	282M	313M	307M	293M	311M
Common Stock, Total	247M	247M	243M	240M	240M
Retained Earnings	35.71M	3.87M	-23.01M	-41.42M	-71.66M
Total Common Equity	282M	251M	220M	199M	168M
Minority Interest	268M	254M	224M	199M	181M
Total Equity	551M	504M	444M	398M	350M
Total Liabilities And Equity	832M	817M	752M	691M	661M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	521M	521M	-	-	501M
ECS Total Common Shares Outstanding	521M	521M	-	-	501M
Book Value / Share	0.54	0.48	-	-	0.34
Tangible Book Value	280M	251M	220M	199M	168M
Tangible Book Value Per Share	0.54	0.48	-	-	0.34
Total Debt	257M	300M	285M	269M	289M
Net Debt	241M	288M	275M	265M	279M
Minority Interest, Total (Incl. Fin. Div)	268M	254M	224M	199M	181M
Account Code - Inventory Valuation	3	3	3	3	3
Accumulated Allowance for Doubtful Accounts (Supple)	176K	283K	359K	78K	346K

Fiscal Period: June	2022 (AUD)	2023 (AUD)	2024 (AUD)	2025 (AUD)	2026 (AUD)
Net Income	42.54M	-15.66M	-11.36M	-5.53M	-14.22M
Depreciation, Depletion & Amortization	4.42M	4.06M	4.87M	7.76M	5.85M
Total Depreciation, Depletion & Amortization	4.42M	4.06M	4.87M	7.76M	5.85M
Amortization of Deferred Charges, Total	-	1.25M	1.71M	868K	4M
(Gain) Loss On Sale of Asset - (CF)	-3.35M	-	3.21M	4.31M	-376K
(Gain) Loss on Sale of Investments - (CF)	-6.3M	-	-	-	-
Total Asset Writedown	-51.57M	38.86M	33.98M	22.5M	38.42M
Change in Accounts Receivable	325K	-3.16M	-2.6M	-478K	7.09M
Change in Accounts Payable	-10.1M	-4.79M	3.22M	421K	-420K
Change in Other Net Operating Assets (Collected)	-5.51M	-2.94M	2.37M	-15K	600K
Other Operating Activities	34.62M	2.1M	-3.9M	-5.41M	-19M
Cash from Operations	5.07M	19.72M	31.5M	24.43M	21.94M
Acquisition of Real Estate Assets, Total	-177M	-35.5M	-16.07M	-50.66M	-16.08M
Sale of Real Estate Assets, Total	19.33M	-	34.85M	71.83M	3.2M
Net Sale / Acquisition of Real Estate Assets	-158M	-35.5M	18.78M	21.18M	-12.88M
Cash from Investing	-158M	-35.5M	18.78M	21.18M	-12.88M
Long-Term Debt Issued, Total	-	43.15M	12.3M	55.3M	24.9M
Total Debt Issued	-	43.15M	12.3M	55.3M	24.9M
Long-Term Debt Repaid, Total	-18.77M	-	-29.22M	-73.04M	-3.29M
Total Debt Repaid	-18.77M	-	-29.22M	-73.04M	-3.29M
Issuance of Common Stock	193M	-	-	-	-
Repurchase of Common Stock	-	-	-6.34M	-6.48M	-
Common Dividends Paid	-13.27M	-30.27M	-28.84M	-26.06M	-25.04M
Common & Preferred Stock Dividends Paid	-13.27M	-30.27M	-28.84M	-26.06M	-25.04M
Other Financing Activities, Total	-	-979K	-724K	-346K	-424K
Cash from Financing	161M	11.9M	-52.82M	-50.62M	-3.86M
Miscellaneous Cash Flow Adjustments	7.82M	-	-	-	-
Net Change in Cash	15.82M	-3.87M	-2.54M	-5.02M	5.2M
Supplemental Items
Cash Interest Paid	3.29M	9.73M	9.84M	14.29M	14.26M
Net Debt Issued / Repaid	-18.77M	43.15M	-16.92M	-17.73M	21.61M
Levered Free Cash Flow	-	720K	-24.47M	59.17M	-207M
Unlevered Free Cash Flow	-	6.42M	-15.08M	69.45M	-199M
Change In Net Working Capital	-	18.48M	38.98M	-43.07M	220M

Fiscal Period: June	2022 (AUD)	2023 (AUD)	2024 (AUD)	2025 (AUD)	2026 (AUD)
Profitability
Return on Assets	-	2.53	2.4	2.57	1.8
Return on Total Capital	-	2.59	2.45	2.65	1.87
Return On Equity %	-	-3.15	-5.16	-3.49	-7.99
Return on Common Equity	-	-5.88	-4.82	-2.64	-7.8
Margin Analysis
Gross Profit Margin %	82.67	71.88	67.06	63	67.44
SG&A Margin	10.72	9.69	9.26	7.33	11.1
EBITDA Margin %	71.2	66.44	62.86	64.62	62.69
EBITA Margin %	60.11	59.22	54.11	51.2	48.28
EBIT Margin %	60.11	59.22	54.11	51.2	48.28
Income From Continuing Operations Margin %	154.18	-29.53	-43.96	-25.42	-74.06
Net Income Margin %	106.7	-27.81	-20.4	-9.56	-35.03
Net Avail. For Common Margin %	106.7	-27.81	-20.4	-9.56	-35.03
Normalized Net Income Margin	-31.97	26.39	37.85	28.93	51.29
Levered Free Cash Flow Margin	-	1.28	-43.96	102.23	-509.63
Unlevered Free Cash Flow Margin	-	11.41	-27.1	119.99	-489.07
Asset Turnover
Asset Turnover	-	0.07	0.07	0.08	0.06
Receivables Turnover (Average Receivables)	-	8.79	5.55	5.16	7.06
Short Term Liquidity
Current Ratio	0.59	0.7	4.19	0.06	0.79
Quick Ratio	0.57	0.63	1.37	0.06	0.05
Operating Cash Flow to Current Liabilities	0.14	0.58	2.07	0.09	0.07
Days Sales Outstanding (Average Receivables)	-	41.52	65.92	70.69	51.71
Average Days Payable Outstanding	-	82.86	3.23	15.6	25.22
Long Term Solvency
Total Debt/Equity	46.67	59.58	64.01	67.56	82.62
Total Debt / Total Capital	31.82	37.33	39.03	40.32	45.24
LT Debt/Equity	44.37	55.17	64.01	0.44	-
Long-Term Debt / Total Capital	30.25	34.57	39.03	0.26	-
Total Liabilities / Total Assets	33.84	38.26	40.86	42.36	47.09
EBIT / Interest Expense	-11.28	3	1.73	1.68	1.36
EBITDA / Interest Expense	-13.36	3.36	2.01	2.11	1.77
(EBITDA - Capex) / Interest Expense	-13.36	3.36	2.01	2.11	1.77
Total Debt / EBITDA	9.05	8.03	8.13	7.19	11.35
Net Debt / EBITDA	8.5	7.71	7.86	7.07	10.94
Total Debt / (EBITDA - Capex)	9.05	8.03	8.13	7.19	11.35
Net Debt / (EBITDA - Capex)	8.5	7.71	7.86	7.07	10.94
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	21.97	-1.16	4	-18.82
Gross Profit, 1 Yr. Growth %	-	16.18	-7.79	-2.31	-24.9
EBITDA, 1 Yr. Growth %	-	7.86	-6.49	6.91	-31.93
EBITA, 1 Yr. Growth %	-	10.19	-9.7	-1.59	-33.84
EBIT, 1 Yr. Growth %	-	10.19	-9.7	-1.59	-33.84
Earnings From Cont. Operations, 1 Yr. Growth %	-	-127.05	47.13	-39.85	197.01
Net Income, 1 Yr. Growth %	-	-136.82	-27.5	-51.29	87.59
Diluted EPS Before Extra, 1 Yr. Growth %	-	-127.08	-	-	-
Normalized Net Income, 1 Yr. Growth %	-	-216.59	41.75	-20.5	106.12
Accounts Receivable, 1 Yr. Growth %	-	132.9	23.69	2.26	-69
Total Assets, 1 Yr. Growth %	-	-1.86	-7.99	-8.1	-5.27
Common Equity, 1 Yr. Growth %	-	-11.26	-12.04	-9.89	-14.34
Tangible Book Value, 1 Yr. Growth %	-	-10.34	-12.04	-9.89	-14.34
Cash From Operations, 1 Yr. Growth %	-	289.32	59.72	-22.44	-10.2
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-3.5K	-341.86	-449.73
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-334.77	-560.48	-385.96
Dividend Per Share, 1 Yr. Growth %	-	42.6	-1.82	-10.71	-9
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	9.8	1.38	-14.58
Gross Profit, 2 Yr. CAGR %	-	-	3.5	-5.09	-14.34
EBITDA, 2 Yr. CAGR %	-	-	0.43	-0.02	-14.69
EBITA, 2 Yr. CAGR %	-	-	-0.25	-5.73	-19.31
EBIT, 2 Yr. CAGR %	-	-	-0.25	-5.73	-19.31
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-36.91	-5.93	10.88
Net Income, 2 Yr. CAGR %	-	-	-48.33	-40.58	11.93
Normalized Net Income, 2 Yr. CAGR %	-	-	28.56	6.15	-0.56
Accounts Receivable, 2 Yr. CAGR %	-	-	69.73	12.47	-50.44
Total Assets, 2 Yr. CAGR %	-	-	-4.97	-8.05	-6.21
Common Equity, 2 Yr. CAGR %	-	-	-11.65	-10.97	-12.6
Tangible Book Value, 2 Yr. CAGR %	-	-	-11.2	-10.97	-12.6
Cash From Operations, 2 Yr. CAGR %	-	-	149.37	11.3	-16.55
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	806.4	190.84
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	228.8	262.88
Dividend Per Share, 2 Yr. CAGR %	-	-	18.32	-6.37	-9.86
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	7.83	-10.33
Gross Profit, 3 Yr. CAGR %	-	-	-	1.53	-12.21
EBITDA, 3 Yr. CAGR %	-	-	-	2.54	-12.04
EBITA, 3 Yr. CAGR %	-	-	-	-0.7	-16.23
EBIT, 3 Yr. CAGR %	-	-	-	-0.7	-16.23
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	-37.91	21.84
Net Income, 3 Yr. CAGR %	-	-	-	-49.34	-3.16
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	-	-3.81
Normalized Net Income, 3 Yr. CAGR %	-	-	-	9.53	11.91
Accounts Receivable, 3 Yr. CAGR %	-	-	-	43.35	-32.77
Total Assets, 3 Yr. CAGR %	-	-	-	-6.03	-6.81
Common Equity, 3 Yr. CAGR %	-	-	-	-11.07	-12.41
Tangible Book Value, 3 Yr. CAGR %	-	-	-	-10.76	-12.41
Cash From Operations, 3 Yr. CAGR %	-	-	-	68.95	3.61
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	559.87
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	213.85
Dividend Per Share, 3 Yr. CAGR %	-	-	-	7.72	-7.26