IRONGATE GROUP (IAP)
Share Price Analysis and Chart

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IAP - IRONGATE GROUP

FNArena Sector : REITs
Year End: March
GICS Industry Group : Real Estate
Index: ASX300 | ALL-ORDS

Irongate Group is a real estate investment trust with a portfolio of industrial, retail and office properties in Australia and New Zealand. The REIT was listed in 2019 as the Investec Australia Property Fund.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.51

15 Sep
2021

-0.020

OPEN

$1.53

-1.31%

HIGH

$1.53

381,809

LOW

$1.51

TARGET
$1.58 4.6% upside
Franking for last dividend paid out: 0%
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FNARENA'S MARKET CONSENSUS FORECASTS
IAP: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx 18.1 9.7 xxx
DPS (cps) xxx 8.9 9.1 xxx
EPS Growth xxx 75.6% - 46.7% xxx
DPS Growth xxx 18.9% 1.5% xxx
PE Ratio xxx N/A 15.6 xxx
Dividend Yield xxx N/A 6.0% xxx
Div Pay Ratio(%) xxx 49.2% 93.8% xxx

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

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

5.91

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: 27/05 - 4.53c (0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title
EPS Basic
DPS All
Sales/Revenue
Book Value Per Share
Net Operating Cash Flow
Net Profit Margin

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title
Return on Assets
Return on Equity
Return on Total Capital
Capex
Capex % of Sales
Free Cash Flow ex dividends

Return on Assets

Return on Equity

Return on Total Capital

Capex

Capex % of Sales

Free Cash Flow ex dividends

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EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxx xxxxxxxx xxxx xxxxxxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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Ord Minnett

16/06/2021

2

Accumulate

$1.65

9.27%

Irongate Group will acquire a $74m office asset in Canberra, partly funded by a $50m capital raising.

Ord Minnett assesses the acquisition is neutral to earnings but there is potential upside if Irongate can lease the 43% of the asset currently standing vacant within a 24-month guarantee period.

Accumulate retained. Target rises to $1.65 from $1.60.

FORECAST
Ord Minnett forecasts a full year FY22 dividend of 9.00 cents and EPS of 10.00 cents.
Ord Minnett forecasts a full year FY23 dividend of 10.00 cents and EPS of 10.00 cents.

IAP STOCK CHART