ASX Share rice
Tue 11 May 2021 - 04:31:pm (Sydney)

IAP Share Price

INVESTEC AUSTRALIA PROPERTY FUNDIAPReal Estate

IAP Company Information

Name:

Irongate Group

Sector:

Real Estate

Industry:

REIT-Office

Address:

Level 13 Sydney NSW Australia 2000

Phone:

61 2 7906 2006

CEO & Exec. Director of Investec Property Limited:

Mr. Graeme A. Katz

Chief Financial Officer of Investec Property Limited:

Ms. Kristie Lenton C.A., CA

Investor Relations & Company Sec. of Investec Property Limited:

Ms. Lucy Spenceley

Fund Mang.:

Mr. Zach McHerron

Company Overview:

Irongate Group has its origins as the Investec Group's Australian and New Zealand property investment and asset management business. Having invested in and managed over A$3bn of assets for the Investec Group, the long-standing management team evolved to become the Irongate Group to continue its growth trajectory and expand its third-party funds management platform. Our strength lies in our disciplined, measured and value-based approach to multi-sector property investment and asset management in Australia and New Zealand. We have dedicated teams that specialise in acquisitions, hands on active asset management, effective balance sheet management and developing trusted capital partnerships.

IAP Share Price Information

Shares Issued:

611.30M

Market Capitalisation:

$0.91B

Dividend per Share:

$0.153

Ex Dividend Date:

2021-05-27

Dividend Yield:

10.27%

Revenue (TTM):

$55.22M

Revenue Per Share (TTM):

$0.09

Earnings per Share:

$0.269

Profit Margin:

-0.2296

Operating Margin (TTM):

$0.41

Return On Assets (TTM):

$0.01

Return On Equity (TTM):

$0.22

Quarterly Revenue Growth (YOY):

-0.107

Gross Profit(TTM):

$71.96M

Diluted Earnings Per Share (TTM):

$-0.021

QuarterlyEarnings Growth(YOY):

7.826

IAP CashFlow Statement

CashFlow Date:

2021-03-31

Investments:

$-51,924,000

Change To Liabilities:

$1.15M

Total Cashflow From Investing Activities:

$41.57M

Net Borrowings:

$-5,801,000

Net Income:

$164.73M

Total Cash From Operating Activities:

$56.66M

Dividends Paid:

$-53,138,000

Change To Account Receivables:

$-265,000

Capital Expenditures:

$40M

IAP Income Statement

Income Date:

2021-03-31

Income Before Tax:

$107.78M

Net Income:

$110.74M

Gross Profit:

$24.36M

Operating Income:

$12.76M

Other Operating Expenses:

$7.53M

Interest Expense:

$3.02M

Total Revenue:

$31.69M

Total Operating Expenses:

$18.94M

Cost Of Revenue:

$7.33M

IAP Balance Sheet

Balance Sheet Date:

2021-03-31

Total Liabilities:

$385.94M

Total Stockholder Equity:

$39.33M

Other Current Liabilities:

$27.70M

Total Assets:

$1.30B

Common Stock:

$649.68M

Retained Earnings:

$221.96M

Other Liabilities:

$5.41M

Other Assets:

$1.24B

Cash:

$7.41M

Total Current Liabilities:

$35.82M

Net Tangible Assets:

$871.64M

Total Current Assets:

$15.81M

Long-Term Debt:

$339.06M

Net Receivables:

$9M

Short-Term Investments:

$1.29B

Accounts Payable:

$8.12M

Short-Term Investments:

$1.29

Non Current Liabilities Total:

$348.93M

IAP Share Price History

IAP News

05 May, 2021
Irongate Group[3] (IAP or the Fund) has today released its financial results for the year ended 31 March 2021, its first since acquiring the management rights from Investec Group and becoming an internally managed REIT.
19 Apr, 2021
Irongate Group (ASX: IAP; JSE: IAP) has entered into agreements to acquire:
08 Mar, 2021
Irongate Group (ASX: IAP; JSE: IAP) has entered into a contract for sale of land to acquire an industrial facility located at 153 Main Beach Road, Pinkenba QLD (Property) for $24,750,000. The purchase price represents an initial yield of 5.3% and the acquisition will be funded through IAP's existing syndicated debt facility.

IAP Dividend Payments

EX-Date Dividend Amount
2019-11-21$0.0320
2020-05-28$0.0430
2020-11-19$0.0439