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 79 properties valued at approximately $445 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.
Research context
APN Convenience Retail REIT appears in PyInvesting’s Australia Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
- Currency
- AUD
- Sector
- Real Estate
- Industry
- REIT - Retail
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5 years, 6 months ago
APN Convenience Retail REIT is currently in a long term uptrend where the price is trading 5.3% above its 200 day moving average.
From a valuation standpoint, the stock is 16.5% cheaper than other stocks from the Real Estate sector with a price to sales ratio of 9.7.
APN Convenience Retail REIT's total revenue rose by 22.5% to $20M since the same quarter in the previous year.
Its net income has increased by 8.1% to $21M since the same quarter in the previous year.
Finally, its free cash flow fell by 13.3% to $7M since the same quarter in the previous year.
Based on the above factors, APN Convenience Retail REIT gets an overall score of 4/5.