Metrics Real Estate Multi-Strategy Fund
AASX:MRE1.43
AUD
-0.01
(-0.70%)
ISIN
AU0000352791
Return %
Stock
S&P 500
1Y
-23.80
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Semi-annual Revenue
FRC
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in mil. unless spec.Semi-annual Earnings Per Share
FRC
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in mil. unless spec.Semi-annual Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Vicki Riggio
- Sector
- Finance
- Industry
- Investment managers
- Address
- Level 23 Sydney NSW Australia 2000
- IPO Date
- Oct 16, 2024
- Website
- metrics.com.au
- Similar Companies
- Business
- Metrics Real Estate Multi-Strategy Fund (ASX:MRE) is a stapled structure consisting of the Metrics Real Estate Multi-Strategy Passive Trust (ARSN 679 413 293) and the Metrics Real Estate Multi-Strategy Active Trust (ARSN 679 413 695), providing investors with exposure to a diversified portfolio of private market commercial real estate (CRE) investments across the capital structure, including lower-risk senior secured first registered mortgage loans, mezzanine debt, and higher-risk equity investments in CRE development projects; monthly cash income from CRE debt instruments; and potential equity upside through active origination, portfolio construction, and risk management. The Fund invests indirectly through the Metrics CRE Multi-Strategy (Debt) Trust and Metrics CRE Multi-Strategy (Equity) Trust, which hold interests in underlying wholesale funds such as the MCP Real Estate Debt Fund (REDF) and Metrics Real Estate Equity Opportunities Fund (MREPIIM), targeting a total return of 10-12% per annum net of fees while seeking to preserve capital and diversify across borrowers, industries, and geographies. The Fund operates primarily in commercial real estate debt and equity segments in Australia and New Zealand, with potential exposure to developed Asia markets, targeting institutional and retail investors seeking income, capital preservation, and growth in private CRE assets. Metrics Credit Partners Pty Ltd (AFSL 416 146) serves as the investment manager, with The Trust Company (RE Services) Limited (AFSL 235 150), based at Level 18, Angel Place, 123 Pitt Street, Sydney NSW 2000, acting as the responsible entity and Perpetual Corporate Trust Limited as custodian. Established on 25 July 2024 and registered with ASIC on 31 July 2024, the Fund commenced operations on 7 October 2024 following a successful initial public offering that raised A$302.8 million, with stapled units commencing trading on the ASX (MRE) on 16 October 2024. Recent developments include the declaration of an initial distribution of 2.49 cents per unit (A$3.77 million) for the period ended 31 December 2024 from the Passive Trust, and a subsequent distribution of 0.96 cents per unit (A$1.45 million) paid on 10 February 2025; reporting of consolidated profit after tax of A$6.425 million and net tangible assets of A$305.487 million (A$2.0175 per unit) as at 31 December 2024; and termination in February 2025 of Perpetual Limited's proposed scheme of arrangement with KKR to acquire its corporate trust business, including The Trust Company (RE Services) Limited. No other significant acquisitions, partnerships, or strategic shifts have been announced in the last 1-2 years.