$4.28

0.01 (0.23%)

9 Dec 2015
Buy
below
Hold
up to
Sell
above
Buy Hold Sell Meter
Locked Recommendation

Analysis

Overview

Current recommendation Preview
Business risk 0
Share price risk 0

General Information

Investa Office Fund
IOF
http://www.investa.com.au/IOF
Office Real Estate Investment Trusts
2,622
614

Current Price Data+

Current Price $4.280
Open $4.260
High $4.310
Low $4.260
Last Close $4.270
Volume 389173
Price Movement $0.01 ( 0.23% )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Stock Price

Current Broker Consensus Recommendation

Hold
26 May 2016
2

Company Overview

Business Description

The Investa Office Fund (IOF) has been formed by the stapling of the units in two Australian registered schemes, Armstrong Jones Office Fund and Prime Credit Property Trust. The principal activity of the Trusts is investment in real estate. IOF owns an internationally diversified portfolio of office properties, many leased to government and blue chip tenants.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2017 F 147.9 24.1 2.1% 17.7 20.3 4.7% 0.0%
2016 F 144.8 23.6 0.9% 18.1 19.6 4.6% 0.0%
2015 A 143.5 23.4 2.1% 15.9 19.3 5.2% 0.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2015 A 2016 F 2017 F 2015 A 2016 F 2017 F 2015 A 2016 F 2017 F
Cromwell Property (CMW) $1,840M -0.1208 0.2975 -0.0553 15.6951 12.0968 12.8049 7.49% 7.81% 7.95%
Dexus Property (DXS) $8,373M 0.1172 0.4690 -0.3545 16.2137 11.0374 17.0982 4.74% 5.02% 5.16%
GDI Property (GDI) $477M 0.0000 0.0000 0.0000 16.7297 0.0000 0.0000 8.47% 0.00% 0.00%
Investa Office Fund (IOF) $2,640M -0.0659 -0.2490 -0.0017 13.7292 18.2823 18.3135 4.48% 4.56% 4.62%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 1.55 17.60 1.18 0.00
Market 1.02 16.50 1.32 1.64
Sector 1.57 15.70 1.18 2.46

Directors

Name Position Start Date
Mr Campbell Hanan Alternate Director - Scott MacDonald, Executive Director 1 Jul 2013
Mr Jonathan Callaghan Executive Director, Chief Executive Officer - Investa Property Group 15 Apr 2016
Mr John C Fast Non-Executive Director 15 Apr 2016
Mr Geoffrey Kleemann Non-Executive Director 15 Apr 2016
Mr Robert (Bob) Leslie Seidler Non-Executive Director 15 Apr 2016
Mr Richard Anthony Longes Non-Executive Director, Non-Executive Chairman 15 Apr 2016

Management

Name Position
Ming Long Fund Manager
Ivan Gorridge Joint Company Secretary

Substantial Shareholders

Holding Name
72,943,658 (11.88%) Mitsubishi UFJ Financial Group INC
72,351,298 (11.78%) Morgan Stanley Investment Management Ltd
57,443,418 (9.35%) CBRE Clarion Securities LLC
54,543,259 (8.88%) Investa Office Management Holdings Pty Ltd
34,229,024 (5.57%) State Street Corporation and subsidiaries

Calendar of Events

Date Event
27 February 2017 Report (Interim)
16 February 2017 Report (Interim)
28 September 2016 Report (Annual)
26 August 2016 Report (Prelim)
18 August 2016 Report (Prelim)
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