US Masters Residential Property Fund (UMRRF)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
US Masters Residential Property Fund (UMRRF) trades at $0.19. US Masters Residential Property Fund is an Australian-listed property trust focused on investing in US residential properties within the New York metropolitan area. Market cap: $133.56M, Sector: Real estate.
Price live · AI analysis from Mar 16, 2026Analyst Coverage for UMRRF: UMRRF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates UMRRF against Real Estate peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
UMRRF: 1/1 perspectives are bearish.
How is this calculated? →US Masters Residential Property Fund (UMRRF) Real Estate Portfolio & Strategy
US Masters Residential Property Fund, an Australian-listed REIT, specializes in acquiring and managing residential properties in the New York metropolitan area, targeting long-term returns through rental yields and capital growth, differentiating itself as the largest Australian-listed property trust focused on the US residential market.
What Is the Investment Thesis for UMRRF?
US Masters Residential Property Fund presents a focused investment in the New York metropolitan residential property market. The fund's strategy of acquiring and managing freestanding and multi-tenant properties aims to deliver long-term returns through rental income and capital growth. With a portfolio of 982 housing units and a gross asset value of $1.2 billion as of June 2020, UMRRF offers exposure to a specific geographic market. A key consideration is the fund's negative P/E ratio of -2.13 and a negative profit margin of -265.6%, indicating potential challenges in profitability. However, the high dividend yield of 120.00% may attract income-focused investors. The fund's low beta of 0.10 suggests lower volatility compared to the broader market. Upcoming catalysts include potential improvements in operational efficiency and occupancy rates, while potential risks include fluctuations in the New York real estate market and interest rate changes.
Based on FMP financials and quantitative analysis
UMRRF Key Highlights
- Gross asset value of approximately $1.2 billion as of June 30, 2020, reflecting the scale of the Fund's property holdings.
- Portfolio of 982 housing units across 551 properties, demonstrating diversification within the New York metropolitan area.
- Dividend yield of 120.00%, potentially attractive for income-seeking investors.
- Negative P/E ratio of -2.13, indicating current challenges in profitability.
- Gross Margin of 65.3% suggests efficient property management and rental income generation.
Who Are UMRRF's Competitors?
UMRRF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| DOLHF DCI Advisors Limited | $0.05 | -0.00% | $42.52M | 41 |
| FRMUF Firm Capital Property Trust | $4.93 | +0.00% | $182.22M | 50 |
| FXTGY Foxtons Group plc | $1.03 | +0.00% | $151.77M | 49 |
| GNLAF Genesis Land Development Corp. | $2.49 | +0.00% | $140.14M | 49 |
| SUNS Sunrise Realty Trust, Inc. | $7.91 | -0.13% | $106.93M | 67 |
| BHM Bluerock Homes Trust, Inc. | $9.09 | -0.08% | $37.36M | 63 |
| AMH American Homes 4 Rent | $33.27 | -2.16% | $11.95B | 57 |
| AVB AvalonBay Communities, Inc. | $189.83 | -2.85% | $26.93B | 54 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are UMRRF's Key Strengths?
- Established portfolio of 982 housing units.
- Focus on the New York metropolitan area.
- Vertically integrated management team.
- High dividend yield of 120.00%.
What Are UMRRF's Weaknesses?
- Negative P/E ratio and profit margin.
- Exposure to the cyclical New York real estate market.
- Reliance on rental income.
- OTC market listing.
What Could Drive UMRRF Stock Higher?
- Potential increase in occupancy rates across the portfolio.
- Property value appreciation in the New York metropolitan area.
- Implementation of operational efficiency improvements.
- Potential acquisitions of additional properties.
- Renovations and upgrades to existing properties.
What Are the Key Risks for UMRRF?
- Financial-distress signal — its Altman Z-Score of -1.56 sits in the distress zone (elevated bankruptcy risk).
- Negative return on equity (-18.5%) — the business is not currently generating profit on shareholder capital.
- Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
- Economic downturn in the New York metropolitan area.
- Rising interest rates impacting property values and borrowing costs.
- Increased competition from other REITs and property investors.
- Changes in government regulations affecting the real estate market.
- Limited liquidity due to OTC listing.
What Are the Growth Opportunities for UMRRF?
- Increased Occupancy Rates: UMRRF can focus on increasing occupancy rates across its portfolio of 982 housing units. Even a small percentage increase in occupancy can significantly boost rental income and overall profitability. The New York metropolitan area has a strong rental market, but competition is fierce. Targeted marketing and improved property management can help attract and retain tenants. Timeline: Ongoing.
- Property Value Appreciation: The New York metropolitan area has historically experienced property value appreciation. UMRRF can benefit from this trend by strategically investing in properties with high potential for capital growth. Identifying undervalued properties and implementing value-add improvements can further enhance appreciation. Market size: The New York City real estate market is valued in the trillions of dollars. Timeline: Long-term.
- Operational Efficiency Improvements: Streamlining property management operations can reduce costs and improve profitability. Implementing technology solutions for tenant screening, rent collection, and maintenance requests can enhance efficiency. This includes optimizing maintenance schedules and reducing vacancy periods. Timeline: Ongoing.
- Expansion within the New York Metropolitan Area: UMRRF can expand its portfolio by acquiring additional properties within the New York metropolitan area. Focusing on specific submarkets with strong rental demand and growth potential can drive returns. This expansion can be funded through debt or equity financing. Timeline: Medium-term.
- Renovation and Upgrades: Investing in renovations and upgrades can increase the value and rental income of existing properties. Modernizing kitchens and bathrooms, improving energy efficiency, and adding amenities can attract higher-paying tenants. This strategy can also reduce maintenance costs in the long run. Timeline: Ongoing.
What Opportunities Does UMRRF Have?
- Increase occupancy rates.
- Renovate and upgrade existing properties.
- Expand portfolio within the New York metropolitan area.
- Improve operational efficiency through technology.
What Threats Does UMRRF Face?
- Economic downturn in the New York metropolitan area.
- Rising interest rates.
- Increased competition from other REITs and property investors.
- Changes in government regulations.
What Are UMRRF's Competitive Advantages?
- Specialized Focus: Focus on the New York metropolitan area provides local expertise.
- Vertically Integrated Management: In-house team manages all aspects of the investment process.
- Established Portfolio: Significant portfolio of 982 housing units provides scale and diversification.
What Does UMRRF Do?
Established in 2011, US Masters Residential Property Fund (UMRRF) provides investors exposure to the US residential property market, specifically within the New York metropolitan area. Listed on the Australian Securities Exchange (URF.ASX), the Fund operates as a property trust with a primary focus on freestanding and multi-tenant residential properties. The Fund's strategy revolves around generating long-term returns through a combination of rental income and potential capital appreciation. Since its inception, UMRRF has grown its portfolio to encompass 982 housing units across 551 properties, achieving a gross asset value of approximately $1.2 billion as of June 30, 2020. The Fund conducts its investment activities through US Masters Residential Property (USA) Fund, a Maryland Real Estate Investment Trust (US REIT). A dedicated team based in New York manages all aspects of the investment process, including property acquisition, rehabilitation, leasing, and tenant management. This vertically integrated approach allows for close control over asset performance and value enhancement.
What Products and Services Does UMRRF Offer?
- Invests in freestanding and multi-tenant US residential properties.
- Focuses on the New York metropolitan area.
- Acquires properties for long-term investment.
- Rehabilitates and renovates properties to increase value.
- Manages the leasing process for residential units.
- Provides ongoing tenant management services.
- Seeks to generate income through rental yields.
- Aims for long-term capital growth through property appreciation.
How Does UMRRF Make Money?
- Acquires residential properties in the New York metropolitan area.
- Generates revenue through rental income from tenants.
- Increases property value through renovations and improvements.
- Manages properties to minimize expenses and maximize occupancy.
What Industry Does UMRRF Operate In?
US Masters Residential Property Fund operates within the REIT - Residential industry, which is influenced by factors such as interest rates, housing demand, and economic conditions. The New York metropolitan area, where UMRRF focuses its investments, is a competitive market with high property values and rental rates. Trends in the industry include increasing demand for rental housing, particularly in urban areas, and the adoption of technology to improve property management efficiency. Competitors include other REITs and private real estate investors operating in the same geographic area. The fund's success depends on its ability to effectively manage its properties, attract and retain tenants, and navigate the complexities of the New York real estate market.
Who Are UMRRF's Key Customers?
- Residential tenants in the New York metropolitan area.
- Investors seeking exposure to the US residential property market.
- Shareholders of the US Masters Residential Property Fund.
Company Profile
US Masters Residential Property Fund operates in the REIT - Residential industry within the Real Estate sector. It is headquartered in North Sydney, AU. The company is led by CEO Caroline Purtell. UMRRF has traded publicly since 2022.
US Masters Residential Property Fund Financial Trajectory
US Masters Residential Property Fund (UMRRF) reported $7.5M in revenue for Q4 2025, a decline of 45.6% compared to the prior quarter. The company recorded a net loss of $61.7M, with diluted EPS of $-0.13. Revenue has contracted over three consecutive quarters, which investors in this micro-cap Real Estate stock should monitor closely. Across the four most recent quarters, UMRRF averaged $-0.05 in diluted EPS.
How US Masters Residential Property Fund Is Valued
US Masters Residential Property Fund carries a market capitalization of $133.56M, placing it in the micro-cap category.
ROE -19%Key Financial Metrics
Return on equity for US Masters Residential Property Fund stands at -18.5%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -15.6%, showing how much profit it generates from its asset base. Its free cash flow yield is -11.5%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.82 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is -54.8%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 3/9Financial Health
US Masters Residential Property Fund's Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -1.56 places it in the distress zone, a signal of elevated financial risk.
UMRRF Financials
Bull Case vs Bear Case
Bull Case
- Insiders buying could signal they believe the company is undervalued, a positive sign for long-term prospects.
- Positive community sentiment suggests growing confidence in the company's strategy or market position.
- If the market perceives the company as a turnaround story, it could attract more investors.
- Recent developments aligning with the company's core business model may strengthen investor confidence.
Bear Case
- Recent insider selling might indicate a lack of confidence in the company's near-term performance.
- Negative community sentiment could reflect concerns about the company's execution or competitive landscape.
- If the market views the company's sector as facing headwinds, it could limit upside potential.
- Unfavorable market developments in the last 30 days may raise concerns about the company's ability to deliver results.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q4 2025 | $8M | -$62M | -$0.13 |
| Q2 2025 | $14M | $5M | $0.01 |
| Q4 2024 | $17M | -$27M | -$0.05 |
| Q2 2024 | $21M | -$18M | -$0.02 |
Based on FMP financials and quantitative analysis
UMRRF Latest News
No recent news available for UMRRF.
UMRRF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for UMRRF.
Price Targets
Wall Street price target analysis for UMRRF.
UMRRF MoonshotScore
What does this score mean?
The MoonshotScore rates UMRRF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Caroline Purtell
CEO
Caroline Purtell serves as the CEO of US Masters Residential Property Fund. Her background includes extensive experience in the financial services and property sectors. She has held various leadership roles, demonstrating expertise in strategic planning, investment management, and operational oversight. Purtell's career reflects a commitment to driving growth and maximizing shareholder value. Her educational background includes relevant qualifications in finance and business administration, providing a strong foundation for her leadership role.
Track Record: Under Caroline Purtell's leadership, US Masters Residential Property Fund has focused on optimizing its property portfolio and improving operational efficiency. Key achievements include navigating the challenges of the New York real estate market and maintaining a high dividend yield for investors. Strategic decisions have centered on enhancing property value through renovations and targeted acquisitions. Her tenure has been marked by a commitment to delivering long-term returns to shareholders.
UMRRF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that US Masters Residential Property Fund may not meet the minimum financial standards required for higher tiers like OTCQX or OTCQB. Companies in this tier may have limited reporting requirements and may not be subject to the same level of regulatory scrutiny as those listed on major exchanges like the NYSE or NASDAQ. Investing in companies on the OTC Other tier carries higher risks due to the potential for limited information and liquidity.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited liquidity due to OTC listing.
- Potential for wider bid-ask spreads.
- Lower regulatory oversight compared to major exchanges.
- Information scarcity due to limited reporting requirements.
- Higher price volatility.
- Verify the company's financial statements and disclosures.
- Assess the company's management team and their track record.
- Evaluate the company's business model and competitive landscape.
- Review the company's legal and regulatory filings.
- Analyze the company's capital structure and debt levels.
- Monitor news and developments related to the company.
- Understand the risks associated with investing in OTC stocks.
- Established portfolio of 982 housing units.
- Audited financial statements (if available).
- Experienced management team.
- Listing on the Australian Securities Exchange (URF.ASX).
- Focus on a specific geographic market (New York metropolitan area).
Common Questions About UMRRF (Real Estate)
What does US Masters Residential Property Fund do?
US Masters Residential Property Fund (UMRRF) is an Australian-listed property trust that invests in residential properties within the New York metropolitan area. The Fund's primary objective is to generate long-term returns for investors through a combination of rental income and potential capital appreciation. UMRRF acquires, rehabilitates, and manages freestanding and multi-tenant residential properties, focusing on maximizing occupancy rates and property values. The Fund operates through its US-based subsidiary, US Masters Residential Property (USA) Fund, a Maryland Real Estate Investment Trust (US REIT).
What are the main risks for UMRRF?
The main risks for US Masters Residential Property Fund include exposure to the cyclical New York real estate market, rising interest rates, and increased competition from other REITs and property investors. An economic downturn in the New York metropolitan area could negatively impact rental income and property values. Rising interest rates could increase borrowing costs and reduce the attractiveness of real estate investments. Changes in government regulations could also affect the fund's operations and profitability. Additionally, the fund's OTC listing presents liquidity risks.
How does US Masters Residential Property Fund compare to competitors in its industry?
US Masters Residential Property Fund distinguishes itself as the largest Australian-listed property trust focused specifically on the US residential market, particularly in the New York metropolitan area. While competitors like Dream Office Real Estate Investment Trust (DRREF) focus on Canadian office properties and Dolphin Capital Investors Ltd (DOLHF) invests in Southeastern Europe, UMRRF's niche focus provides specialized expertise in a specific geographic market. This targeted approach allows for a deeper understanding of local market dynamics and tenant preferences, potentially leading to better investment decisions and property management strategies.
What are the key financial metrics investors watch for UMRRF?
Investors closely monitor several key financial metrics for US Masters Residential Property Fund. These include gross asset value, which indicates the scale of the fund's property holdings, and occupancy rates, which reflect the efficiency of property management. The dividend yield is a critical metric for income-seeking investors. The P/E ratio and profit margin provide insights into the fund's profitability. Additionally, investors track the fund's debt levels and cash flow to assess its financial stability and ability to fund future growth.
What are the key factors to evaluate for UMRRF?
Evaluate UMRRF on fundamentals, analyst consensus, and risk factors. Not financial advice.
How frequently does UMRRF data refresh on this page?
UMRRF prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven UMRRF's recent stock price performance?
US Masters Residential Property Fund (UMRRF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Established portfolio of 982 housing units. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider UMRRF overvalued or undervalued right now?
Valuing US Masters Residential Property Fund (UMRRF) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data is based on information available as of 2020 and may not reflect current performance.
- AI analysis is pending and may provide further insights.