ELANOR COMMERCIAL PROPERTY FUND (ECF)
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ECF - ELANOR COMMERCIAL PROPERTY FUND

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.05

25 May
2022

-0.010

OPEN

$1.06

-0.94%

HIGH

$1.06

126,370

LOW

$1.04

TARGET
$1.06 1.0% upside
Franking for last dividend paid out: 0%
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FNARENA'S MARKET CONSENSUS FORECASTS
ECF: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx N/A 10.8 xxx
DPS (cps) xxx N/A 9.4 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 9.7 xxx
Dividend Yield xxx N/A 9.0% xxx
Div Pay Ratio(%) xxx N/A 87.0% xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

N/A

Estimated Dividend Growth
(Average Of Past Three Years)

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 29/09 - ex-div 2.5c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2022 FactSet UK Limited. All rights reserved
Title 2018201920202021
EPS Basic xxxxxxxxx15.1
DPS All xxxxxxxxx9.9
Sales/Revenue xxxxxxxxx40.0 M
Book Value Per Share xxxxxxxxx117.5
Net Operating Cash Flow xxxxxxxxx22.1 M
Net Profit Margin xxxxxxxxx78.08 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 2018201920202021
Return on Capital Employed xxxxxxxxx13.03 %
Return on Invested Capital xxxxxxxxx8.22 %
Return on Assets xxxxxxxxx8.05 %
Return on Equity xxxxxxxxx13.03 %
Return on Total Capital xxxxxxxxx7.57 %
Free Cash Flow ex dividends xxxxxxxxx1.9 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

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EXPERT VIEWS
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Sentiment Indicator

0.5

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

20/05/2022

2

Accumulate

$1.06

0.95%

Elanor Commercial Property Fund has announced a $37m equity raising to fund the acquisition of a 49.9% stake in the Harris Street Fund, a fund jointly owned by Elanor Commercial Property Fund's and Elanor Investors Group's ((ENN)) private wealth clients that is set to take ownership of A-grade Pyrmont office real estate, 19 Harris Street.

Elanor Investors Group will provide an $8.4m capital contribution to Elanor Commercial Property Fund to offset net tangible asset dilution, but Ord Minnett estimates the purchase will be -6% dilutive to funds from operations per share in FY23.

The Accumulate rating is retained and the target price decreases to $1.06 from $1.13.

FORECAST
Ord Minnett forecasts a full year FY22 dividend of 9.40 cents and EPS of 10.80 cents.
Ord Minnett forecasts a full year FY23 dividend of 9.40 cents and EPS of 11.00 cents.

ECF STOCK CHART