MEDIA RELEASE: QRI added to All Ords; becomes the only listed fund in Australia classified MREIT
20 March 2023
The Qualitas Real Estate Income Fund (ASX:QRI) which listed in 2018 has been added to the ASX All Ordinaries Index and has been classified by Standard & Poor’s (S&P) as a Mortgage Real Estate Investment Trust (MREIT), making it the only listed fund in Australia to be classified as an MREIT.
Qualitas Limited (ASX: QAL) one of Australia’s leading alternative real estate investment managers and the manager of QRI said the All Ords listing took effect prior to the opening of trading today.
MREITs are companies or trusts that service, originate, purchase and/or securitise commercial and/or residential mortgage loans1.
Mark Power, Head of Income Credit, Qualitas, said that QRI’s classification as an MREIT is due to the fund’s singular commercial real estate credit investment focus.
“The classification to MREIT means that QRI may potentially be considered and evaluated for ASX300 and ASX300 A-REIT inclusion in the future.
“While future inclusions in these indices is not certain and solely determined by S&P, we are very pleased that this development opens up these possibilities.”
Mr Power said that while S&Ps definition of MREITs is global, QRI differs from many US MREITs in that there are no liabilities in QRI, other than the warehouse facility between Qualitas and QRI, which means the fund benefits fully from rising interest rates passed through for variable rate loans.
“It is important to note the fund structure, underlying portfolio, investment origination, distribution cycle and management process all remain unchanged. Investors can continue to access QRI through existing distribution channels and the benefits of investing, including regular income and commercial real estate exposure without ownership risk, remain”, said Mr Power.
– Ends –
For further information, please contact:
Kate Stokes, Head of Marketing and Communications
M: 0481 251 552
E: kate.stokes@qualitas.com.au
About Qualitas
Qualitas Limited (Qualitas) is an ASX-listed Australian alternative real estate investment manager with A$5.8 billion2 of committed funds under management.
Qualitas matches global capital with access to attractive risk adjusted investments in real estate private credit and real estate private equity through a range of investment solutions for institutional, wholesale and retail clients. Qualitas offers flexible capital solutions for its partners, and creating long-term value for shareholders, and the communities in which it operates.
Since 2008, Qualitas has been investing through market cycles to finance assets with a combined value of over A$15 billion3 across all real estate sectors. Qualitas focuses on real estate private credit, opportunistic real estate private equity, income producing commercial real estate and build-to-rent residential. The broad platform, complementary debt and equity investing skillset, deep industry knowledge, long-term partnerships, and diverse and inclusive team of more than 80 professionals provides a unique offering in the market to accelerate business growth and drive performance for shareholders. www.qualitas.com.au
Notes
1. S&P Global Industry Classification Standard.
2. As of 31 December 2022
3. As of 30 June 2022
Disclosure
This communication has been issued by The Trust Company (RE Services) Limited (ACN 003 278 831) (AFSL 235150) as responsible entity of The Qualitas Real Estate Income Fund (ARSN 627 917 971) (Trust) and has been prepared by QRI Manager Pty Ltd (ACN 625 857 070) (AFS Representative 1266996 as authorised representative of Qualitas Securities Pty Ltd (ACN 136 451 128) (AFSL 34224)).
This communication contains general information only and does not take into account your investment objectives, financial situation or needs. It does not constitute financial, tax or legal advice, nor is it an offer, invitation or recommendation to subscribe or purchase a unit in QRI or any other financial product. Before making an investment decision in respect of the Trust, you should consider the current Product Disclosure Statement (PDS) of the Trust and the Trust’s other periodic and continuous disclosure announcements lodged with the ASX which are available at www.asx.com.au and assess whether the Trust is appropriate given your objectives, financial situation or needs. If you require advice that takes into account your personal circumstances, you should consult a licensed or authorised financial adviser.
While every effort has been made to ensure the information in this communication is accurate; its accuracy, reliability or completeness is not guaranteed and none of The Trust Company (RE Services) Limited (ACN 003 278 831), QRI Manager Pty Ltd (ACN 625 857 070), Qualitas Securities Pty Ltd (ACN 136 451 128) or any of their related entities or their respective directors or officers are liable to you in respect of this communication. Past performance is not a reliable indicator of future performance.
The PDS and a target market determination for units in the Trust can be obtained by visiting the Trust website www.qualitas.com.au/qri. The Trust Company (RE Services) Limited as responsible entity of the Fund is the issuer of units in the Trust. A person should consider the PDS in deciding whether to acquire, or to continue to hold, units in the Trust.