Key points
- US$57.1 million in property sales in Q2 2026
- Total year-to-date sales reached US$105.7 million
- Group's portfolio comprised 74 properties at quarter end
- Funds from Operations (FFO) loss of $6.6 million for H1 2026
Full summary
US Masters Residential Property Group's Quarterly Report for Q2 2026 highlights the Group's continued progress in selling its remaining portfolio. The Group settled $57.1 million in property sales during Q2 2026, bringing year-to-date sales to $105.7 million. The Group's portfolio at the end of Q2 2026 comprised 74 properties, of which 59 were under contract for sale, 12 were on the market, and 3 were in the pre-listing phase. The Group is confident in closing most sales by year-end, though municipal delays could pose challenges. Property sales enabled the Group to repay $28.1 million of its Global Atlantic debt facility, bringing total debt repayments for the six-month period to $52.5 million. The Group paid a distribution of 4 cents per security during Q2 2026, totaling 14 cents for H1 2026. General and Administrative (G&A) expenses for H1 2026 were $4.9 million, or $4.7 million excluding one-off costs. Funds from Operations (FFO) for H1 2026 was a loss of $6.6 million.
Guidance
Total year-to-date sales reached US$105.7 million
Outlook
The Group expects to complete most sales by year-end, subject to prevailing market conditions and municipal delays.