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APN Convenience Retail REIT

ASX:AQR
Snowflake Description

Average dividend payer with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AQR
ASX
A$278M
Market Cap
  1. Home
  2. AU
  3. Real Estate
Company description

APN Convenience Retail REIT (ASX code: AQR) is a listed Australian real estate investment trust which owns high quality Australian service stations and convenience retail assets. The last earnings update was 55 days ago. More info.


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AQR Share Price and Events
7 Day Returns
-0.8%
ASX:AQR
0.1%
AU REITs
1.3%
AU Market
1 Year Returns
27.1%
ASX:AQR
20.5%
AU REITs
9.9%
AU Market
AQR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
APN Convenience Retail REIT (AQR) -0.8% 3.8% 5.4% 27.1% - -
AU REITs 0.1% 0.4% -2.8% 20.5% 23.4% 58.9%
AU Market 1.3% -0.6% -1% 9.9% 17.6% 17.8%
1 Year Return vs Industry and Market
  • AQR outperformed the REITs industry which returned 20.5% over the past year.
  • AQR outperformed the Market in Australia which returned 9.9% over the past year.
Price Volatility
AQR
Industry
5yr Volatility vs Market

Value

 Is APN Convenience Retail REIT undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of APN Convenience Retail REIT to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for APN Convenience Retail REIT.

ASX:AQR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Funds From Operations
Levered Funds From Operations Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:AQR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.47 (1 + (1- 30%) (42.46%))
0.738
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.8 * 5.96%)
7.08%

Discounted Cash Flow Calculation for ASX:AQR using 2 Stage Free Cash Flow to Equity using Funds From Operations Model

ASX:AQR Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$5.00
Current discount Discount to share price of A$3.52
= -1 x (A$3.52 - A$5.00) / A$5.00
29.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price APN Convenience Retail REIT is available for.
Intrinsic value
30%
Share price is A$3.52 vs Future cash flow value of A$5
Current Discount Checks
For APN Convenience Retail REIT to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • APN Convenience Retail REIT's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • APN Convenience Retail REIT's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for APN Convenience Retail REIT's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are APN Convenience Retail REIT's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:AQR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$0.16
ASX:AQR Share Price ** ASX (2019-10-10) in AUD A$3.52
Australia REITs Industry PE Ratio Median Figure of 38 Publicly-Listed REITs Companies 15.7x
Australia Market PE Ratio Median Figure of 557 Publicly-Listed Companies 17.93x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of APN Convenience Retail REIT.

ASX:AQR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:AQR Share Price ÷ EPS (both in AUD)

= 3.52 ÷ 0.16

21.95x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • APN Convenience Retail REIT is overvalued based on earnings compared to the AU REITs industry average.
  • APN Convenience Retail REIT is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does APN Convenience Retail REIT's expected growth come at a high price?
Raw Data
ASX:AQR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.95x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
22%per year
Australia REITs Industry PEG Ratio Median Figure of 31 Publicly-Listed REITs Companies 1.2x
Australia Market PEG Ratio Median Figure of 357 Publicly-Listed Companies 1.69x

*Line of best fit is calculated by linear regression .

ASX:AQR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.95x ÷ 22%

1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • APN Convenience Retail REIT is good value based on expected growth next year.
Price based on value of assets
What value do investors place on APN Convenience Retail REIT's assets?
Raw Data
ASX:AQR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$1.44
ASX:AQR Share Price * ASX (2019-10-10) in AUD A$3.52
Australia REITs Industry PB Ratio Median Figure of 43 Publicly-Listed REITs Companies 1.11x
Australia Market PB Ratio Median Figure of 1,705 Publicly-Listed Companies 1.8x
ASX:AQR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:AQR Share Price ÷ Book Value per Share (both in AUD)

= 3.52 ÷ 1.44

2.44x

* Primary Listing of APN Convenience Retail REIT.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • APN Convenience Retail REIT is overvalued based on assets compared to the AU REITs industry average.
X
Value checks
We assess APN Convenience Retail REIT's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. APN Convenience Retail REIT has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is APN Convenience Retail REIT expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
22%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is APN Convenience Retail REIT expected to grow at an attractive rate?
  • APN Convenience Retail REIT's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • APN Convenience Retail REIT's earnings growth is expected to exceed the Australia market average.
  • APN Convenience Retail REIT's revenues are expected to decrease over the next 1-3 years, this is below the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:AQR Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:AQR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 22%
ASX:AQR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -1.3%
Australia REITs Industry Earnings Growth Rate Market Cap Weighted Average 2.5%
Australia REITs Industry Revenue Growth Rate Market Cap Weighted Average -3.7%
Australia Market Earnings Growth Rate Market Cap Weighted Average 10.2%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:AQR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:AQR Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 28 1
2022-06-30 27 19 30 2
2021-06-30 26 18 28 2
2020-06-30 25 18 27 2
2019-10-13
ASX:AQR Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 32 16 13
2019-03-31 31 16 13
2018-12-31 29 16 13
2018-09-30 28 16 11
2018-06-30 28 16 9
2017-06-30 9 2 -8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • APN Convenience Retail REIT's earnings are expected to grow significantly at over 20% yearly.
  • APN Convenience Retail REIT's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:AQR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from APN Convenience Retail REIT Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:AQR Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30
2022-06-30 0.38 0.38 0.38 1.00
2021-06-30 0.35 0.35 0.35 1.00
2020-06-30 0.34 0.34 0.34 1.00
2019-10-13
ASX:AQR Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 0.16
2019-03-31 0.16
2018-12-31 0.16
2018-09-30 0.14
2018-06-30 0.12
2017-06-30 -0.12

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • APN Convenience Retail REIT is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess APN Convenience Retail REIT's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
APN Convenience Retail REIT has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has APN Convenience Retail REIT performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare APN Convenience Retail REIT's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if APN Convenience Retail REIT's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare APN Convenience Retail REIT's 1-year earnings growth to the 5-year average due to insufficient past data.
  • APN Convenience Retail REIT's earnings growth has exceeded the AU REITs industry average in the past year (38.7% vs -16.3%).
Earnings and Revenue History
APN Convenience Retail REIT's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from APN Convenience Retail REIT Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:AQR Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 31.69 12.65
2019-03-31 30.88 12.68 0.01
2018-12-31 28.73 12.71 0.09
2018-09-30 27.61 10.91 0.08
2018-06-30 27.84 9.12
2017-06-30 8.82 -8.12 0.02

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • APN Convenience Retail REIT has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • APN Convenience Retail REIT used its assets less efficiently than the AU REITs industry average last year based on Return on Assets.
  • Unable to establish if APN Convenience Retail REIT improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess APN Convenience Retail REIT's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
APN Convenience Retail REIT has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is APN Convenience Retail REIT's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up APN Convenience Retail REIT's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • APN Convenience Retail REIT's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • APN Convenience Retail REIT's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of APN Convenience Retail REIT's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from APN Convenience Retail REIT Company Filings, last reported 3 months ago.

ASX:AQR Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 233.79 117.94 0.29
2019-03-31 233.79 117.94 0.29
2018-12-31 232.53 116.60 1.03
2018-09-30 232.53 116.60 1.03
2018-06-30 226.32 109.88 2.80
2017-06-30 61.70 44.81 2.33
  • APN Convenience Retail REIT's level of debt (50.4%) compared to net worth is high (greater than 40%).
  • Unable to establish if APN Convenience Retail REIT's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (13.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.8x coverage).
X
Financial health checks
We assess APN Convenience Retail REIT's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. APN Convenience Retail REIT has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is APN Convenience Retail REIT's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.19%
Current annual income from APN Convenience Retail REIT dividends. Estimated to be 6.37% next year.
If you bought A$2,000 of APN Convenience Retail REIT shares you are expected to receive A$124 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • APN Convenience Retail REIT's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.5%).
  • APN Convenience Retail REIT's dividend is above the markets top 25% of dividend payers in Australia (5.6%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:AQR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Australia REITs Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 4.4%
Australia Market Average Dividend Yield Market Cap Weighted Average of 407 Stocks 4.2%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:AQR Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30
2022-06-30 0.23 2.00
2021-06-30 0.22 2.00
2020-06-30 0.22 2.00
2019-10-13
ASX:AQR Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-09-24 0.218 6.348
2019-08-08 0.209 6.226
2019-03-14 0.209 6.741
2018-12-13 0.209 7.232
2018-09-20 0.209 7.511
2018-06-14 0.200 7.323
2018-03-19 0.200 7.464
2018-02-19 0.195 7.212
2017-08-17 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, APN Convenience Retail REIT has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but APN Convenience Retail REIT only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of APN Convenience Retail REIT's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (83.7x coverage).
X
Income/ dividend checks
We assess APN Convenience Retail REIT's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can APN Convenience Retail REIT afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. APN Convenience Retail REIT has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of APN Convenience Retail REIT's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • APN Convenience Retail REIT has no CEO, or we have no data on them.
Management Team

Jessie Chen

TITLE
Head of Accounting of APN Funds Management Ltd.

Chantal Churchill

TITLE
Company Secretary and Head of Risk & Compliance
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the APN Convenience Retail REIT board of directors in years:

9.3
Average Tenure
63
Average Age
  • The tenure for the APN Convenience Retail REIT board of directors is about average.
Board of Directors

Geoff Brunsdon

TITLE
Independent Non-Executive Chairman of APN Funds Management Limited
AGE
61
TENURE
7.8 yrs

Michael Johnstone

TITLE
Independent Non-Executive Director APN Funds Management Limited
AGE
77
TENURE
10.8 yrs

Jennifer Horrigan

TITLE
Independent Non-Executive Director of APN Funds Management Limited
TENURE
7.8 yrs

Howard Brenchley

TITLE
Independent Director APN Funds Management Limited
AGE
63
TENURE
21.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess APN Convenience Retail REIT's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. APN Convenience Retail REIT has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Good Is APN Convenience Retail REIT (ASX:AQR), When It Comes To ROE?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for APN Convenience Retail REIT: 10% = AU$24m ÷ AU$234m (Based on the trailing twelve months to June 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does APN Convenience Retail REIT Have A Good Return On Equity? … APN Convenience Retail REIT's Debt And Its 10% ROE Although APN Convenience Retail REIT does use debt, its debt to equity ratio of 0.49 is still low.

Simply Wall St -

What Kind Of Shareholder Appears On The APN Convenience Retail REIT's (ASX:AQR) Shareholder Register?

With a market capitalization of AU$249m, APN Convenience Retail REIT is a small cap stock, so it might not be well known by many institutional investors. … Insider Ownership Of APN Convenience Retail REIT The definition of an insider can differ slightly between different countries, but members of the board of directors always count. … General Public Ownership The general public, who are mostly retail investors, collectively hold 67% of APN Convenience Retail REIT shares.

Simply Wall St -

Here's Why We Think APN Convenience Retail REIT (ASX:AQR) Is Well Worth Watching

In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like APN Convenience Retail REIT (ASX:AQR). … View our latest analysis for APN Convenience Retail REIT APN Convenience Retail REIT's Improving Profits In business, though not in life, profits are a key measure of success; and share prices tend to reflect earnings per share (EPS). … So if you like the sound of APN Convenience Retail REIT, you'll probably love this free list of growing companies that insiders are buying.

Simply Wall St -

Should APN Convenience Retail REIT (ASX:AQR) Be Part Of Your Dividend Portfolio?

Dividend paying stocks like APN Convenience Retail REIT (ASX:AQR) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. … APN Convenience Retail REIT has been growing its dividend at a decent rate, and the payments have been stable despite the short payment history. … Conclusion To summarise, shareholders should always check that APN Convenience Retail REIT's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.

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The APN Convenience Retail REIT (ASX:AQR) Share Price Has Gained 11% And Shareholders Are Hoping For More

To wit, the APN Convenience Retail REIT (ASX:AQR) share price is 11% higher than it was a year ago, much better than the market return of around 2.5% (not including dividends) in the same period. … We'll need to follow APN Convenience Retail REIT for a while to get a better sense of its share price trend, since it hasn't been listed for particularly long. … We note that for APN Convenience Retail REIT the TSR over the last year was 19%, which is better than the share price return mentioned above.

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How Did APN Convenience Retail REIT's (ASX:AQR) 12% ROE Fare Against The Industry?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for APN Convenience Retail REIT: 12% = AU$13m ÷ AU$233m (Based on the trailing twelve months to December 2018.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Does APN Convenience Retail REIT Have A Good Return On Equity? … APN Convenience Retail REIT's Debt And Its 12% ROE While APN Convenience Retail REIT does have some debt, with debt to equity of just 0.50, we wouldn't say debt is excessive.

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Could APN Convenience Retail REIT's (ASX:AQR) Investor Composition Influence The Stock Price?

A look at the shareholders of APN Convenience Retail REIT (ASX:AQR) can tell us which group is most powerful. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … With a market capitalization of AU$236m, APN Convenience Retail REIT is a small cap stock, so it might not be well known by many institutional investors.

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Here's Why We Think APN Convenience Retail REIT (ASX:AQR) Is Well Worth Watching

In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like APN Convenience Retail REIT (ASX:AQR). … See our latest analysis for APN Convenience Retail REIT. … APN Convenience Retail REIT maintained stable EBIT margins over the last year, all while growing revenue 62% to AU$29m.

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How Many Insiders Bought APN Convenience Retail REIT (ASX:AQR) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in APN Convenience Retail REIT (ASX:AQR). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … In any event it's generally a positive if insiders are buying shares at around the current price

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Does APN Convenience Retail REIT's (ASX:AQR) Share Price Gain of 10% Match Its Business Performance?

For example, the APN Convenience Retail REIT (ASX:AQR) share price is up 10% in the last year, clearly besting than the market return of around 5.3% (not including dividends). … APN Convenience Retail REIT hasn't been listed for long, so it's still not clear if it is a long term winner. … During the last year APN Convenience Retail REIT saw its earnings per share (EPS) increase strongly.

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Company Info

Description

APN Convenience Retail REIT (ASX code: AQR) is a listed Australian real estate investment trust which owns high quality Australian service stations and convenience retail assets. The Fund’s portfolio of 70 properties valued at approximately $358 million, is predominantly located on Australia’s eastern seaboard and is leased to leading Australian and international convenience retail tenants. The portfolio provides a long lease expiry profile and contracted annual rent increases delivering the Fund a sustainable and strong level of income security. Convenience Retail has a target gearing range of 25 – 40% as part of its conservative approach to capital management. APN Convenience Retail REIT is governed by an Independent Board of Directors and is managed by APN Property Group, a specialist real estate investment manager established in 1996 with approximately $2.8 billion in assets under management.

Details
Name: APN Convenience Retail REIT
AQR
Exchange: ASX
Founded:
A$277,764,196
78,910,283
Website: http://apngroup.com.au/fund/apn-convenience-retail-reit/
Address: APN Convenience Retail REIT
101 Collins Street,
Level 30,
Melbourne,
Victoria, 3000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX AQR Stapled Securities Australian Securities Exchange AU AUD 27. Jul 2017
Number of employees
Current staff
Staff numbers
0
APN Convenience Retail REIT employees.
Industry
Retail REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 10:50
End of day share price update: 2019/10/10 00:00
Last estimates confirmation: 2019/09/23
Last earnings filing: 2019/08/19
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.