RAM Essential Services Property Fund ( (AU:REP) ) just unveiled an update.
RAM Essential Services Property Fund has reported strong progress in its capital recycling strategy, achieving milestones ahead of schedule for the financial half-year ending December 2024. The fund has reaffirmed its distribution guidance and achieved a net operating income growth of 3.1%. Key achievements include a reduction in gearing to 35.4%, stable occupancy at 97%, and strategic acquisitions in the healthcare sector, such as the Cairns Surgical Centre. The fund is transitioning its portfolio to an 80:20 healthcare-led mix, aiming for long-term growth and resilience despite sector headwinds.
More about RAM Essential Services Property Fund
RAM Essential Services Property Fund operates within the real estate industry, focusing on investments in essential service properties, particularly in the healthcare sector. The company is committed to capital recycling strategies and aims to enhance its portfolio by securing high-quality assets in healthcare sub-sectors, such as day surgeries.
YTD Price Performance: 5.00%
Average Trading Volume: 391,304
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$316.9M
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