A presentation on the Qualitas Real Estate Income Fund (ASX:QRI) quarterly results, September 2021.
September quarter highlights
Growing private CRE debt market• Banks tightening lending and alternative lender filling the gap
• Manager CRE debt pipeline $550m is well diversified
Actively investing and recycling capital• 9 loans total
$65m settled, both new and extended, offset by
$29m of repayments
• Exited Qualitas Land Debt Fund due to natural maturity
Solid portfolio performance• All loans performing, no impairments recorded, no interest arrears
• Residual stock loans repaying on schedule
Capital raising leverages strong CRE debt pipeline• Post September quarter, raised $172m of new capital via Entitlement Offer
• Increases fund size to $600m post settlement
• Manager to deploy new capital in 3-6 months
For more information, click
here to download the attached PDF.
