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General Information

Astro Japan Property Group
AJA
http://www.astrojapanproperty.com
Diversified Real Estate Investment Trusts
342
66

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$5.26 $5.26 $5.26 $5.16 $5.21 4769 $0.05 ( 0.96% )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation

Strong Buy
23/02/2015

Company Overview

Business Description
Astro Japan Property Group (AJA) is a diversified property trust focused on investing in the Japanese real estate market. The portfolio includes 34 retail, office and residential properties located primarily in Tokyo. AJA is a stapled entity comprising Astro Japan Property Trust and Astro Japan Property Group Limited. The Spring Investment Co. Ltd undertakes asset management services within Japan.
Strategy Analysis
Key strategy for management is generating sustainable earnings growth through active asset management and prudent capital management. With no short-term financing risk, a well located, diversified property portfolio, the Company is well positioned to capitalize on future opportunities as they arise. Astro Japan Property Group reported NPAT of $799,000 for the half-year ended 31 December 2012. Revenue from ordinary activities were $52.13m, down 8.4% from last year. Basic and Diluted EPS were 0.41 cents compared to (29.65) cents last year. Net operating cash flow was $7.37m compared to $18.52m last year. The interim dividend declared was 7.5 cents, compared with 10 cents last year.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014 A 282.6 417.9 1,913.0% 0.9 20.0 5.5% 0.0%
2013 A 13.2 20.8 0.0% 15.6 17.5 5.4% 0.0%
2012 A -44.2 -75.7 0.0% 0.0 15.0 6.3% 0.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Astro Japan Property Group (AJA) $340M 19.1300 0.0000 0.0000 1.2419 0.0000 0.0000 3.85% 0.00% 0.00%
Charter Hall (CHC) $1,943M 0.0648 0.1117 0.0493 19.4072 17.4580 16.6377 4.67% 5.15% 5.41%
GPT Group (GPT) $8,106M -0.2200 0.1106 0.0283 18.1456 16.3382 15.8885 4.65% 4.82% 5.02%
Mirvac Group (MGR) $7,432M 0.0731 0.0460 0.0611 17.1355 16.3814 15.4378 4.48% 4.61% 4.96%
Stockland (SGP) $10,226M 0.0688 0.0803 0.0774 18.1096 16.7635 15.5587 5.54% 5.54% 5.59%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 1.25 0.87 0.00
Market 1.02 17.00 1.33 1.57
Sector 1.59 15.40 1.18 2.33

Directors

Name Position Start Date
Mr John Lester Pettigrew Chief Financial Officer, Executive Director, Joint Company Secretary 19/02/2005
Mr Fergus Allan McDonald Non-Executive Chairman 19/02/2005
Mr Douglas Mortimer Clemson Non-Executive Director 31/12/2011
Ms Kathryn (Kate) Jane McCann Non-Executive Director 31/12/2011

Management

Name Position
Rohan Purdy General Counsel,Company Secretary

Substantial Shareholders

Holding Name
5,944,631 (8.84%) Eric Lucas
5,307,688 (7.90%) Renaissance Property Securities Pty Ltd
5,128,154 (7.63%) Principal Financial Group Ltd
4,063,043 (6.04%) Commonwealth Bank of Australia
25,915,738 (5.10%) Vanguard Investments Australia Ltd

Calendar of Events

Date Event
18 February 2016 Report (Interim)
22 September 2015 Report (Annual)
26 August 2015 Report (Prelim)
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