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← CockpitCompetitor Analysis › QRI.AX Qualitas Real Estate Income Fund UnitsOpen in the cockpit ↗

Qualitas Real Estate Income Fund UnitsQRI.AXCompetitor analysis, valuation and peers

Australia · AUD·Real Estate›Real Estate Investment Trusts
Momentum neutral 46
Mkt cap
$649M
US dollars, full cap
Free float
93%
of shares outstanding
$/day
$940,243
20-day average traded
Fwd P/E
12.3×
forward earnings
ROIC−WACC
n/a
WACC 6.6%
Hurdle
n/a
no reverse DCF
Next earnings
108 days
22 Feb 2027
Close · AUDA$1.49
1D-0.3%
1W+1.7%
1M+1.0%
3M-4.5%
6M-6.3%
YTD-6.9%
1Y-7.2%
ATR %1.9%
52w lowhigh8.1% off high

What Qualitas Real Estate Income Fund Units does

Employees: 0

Qualitas Real Estate Income Fund Units at a glance

Size Qualitas Real Estate Income Fund Units (QRI.AX) is an Australia Real Estate company (Real Estate Investment Trusts) with a market value of $649M, the 234th largest of 316 Australia companies the cockpit tracks. Shares closed at A$1.49 on 6 Nov 2026.

Performance Over six months the shares fell 6.3%, against -11.9% for the median peer and +4.1% for the Australia market (cap-weighted) — 7th highest of 21 in its peer set.

Growth Revenue grew 11.8% over the last twelve months (peer median +2.2%); the operating margin is 79.8% (peer median 51.8%).

Valuation It trades at 12.3× forward earnings against a peer median of 11.2× (7th most expensive of 15).

Next results Next results expected around 22 Feb 2027 (exchange calendar; dates can move).

Relative performance

85909510011 May 202611 Aug 20266 Nov 2026QRI.AX 94Peer median 86
Six months, rebased to 100: Qualitas Real Estate Income Fund Units against the median of its 20 peers (local-currency closes).

Qualitas Real Estate Income Fund Units financials

Reported figures in AUD; fiscal year ends 2026-06-30. TTM = trailing twelve months.
TTMFY2026FY2025FY2024FY2023
RevenueA$88.9MA$88.9MA$79.5MA$68.3MA$57.1M
Revenue growth—+12%+16%+20%—
Gross profitA$73.3MA$72.7MA$66.3MA$57.1MA$47.5M
EBITDAA$70.9MA$70.9MA$66.9MA$55.9MA$46.5M
Net incomeA$70.9MA$70.9MA$66.9MA$55.9MA$46.5M
Free cash flowA$36.0MA$36.0M-A$231M-A$18.8MA$44.1M
Capital expenditureA$0A$0A$0A$0A$0
Total debtn/aA$0A$0A$0A$0

Quarterly statements and history in the cockpit →

Qualitas Real Estate Income Fund Units competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-30%-20%-10%0%-10%0%+10%CMWMFASVCSTRWCRPUCQEPMTCIMAHRT01010TBFS8958IVRDCRUCLDT451800J85JBGSYATOFVRQRI.AX6-month return →1-month return →
Up and to the right = strong over both horizons. Qualitas Real Estate Income Fund Units is the large dot.

Fundamentals: revenue growth against valuation

-100%-50%0%0×50×100×CMWMFASTRWCRPUPMTCIMAHRTBFSIVRDCRU451800J85QRI.AXRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Qualitas Real Estate Income Fund Units is the large dot.

Qualitas Real Estate Income Fund Units competitors and peer comparison

How Qualitas Real Estate Income Fund Units compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Qualitas Real Estate Income Fund Units against its 20 peers (data as of 6 Nov 2026)
MeasureQRI.AXPeer medianRank in peer set
1-month return+1.0%0.0%10th highest of 21
6-month return-6.3%-11.9%7th highest of 21
Distance from 52-week high-8.1%-22.8%3rd highest of 21
Revenue growth (TTM)+11.8%+2.2%6th highest of 21
Operating margin79.8%51.8%3rd highest of 20
Forward P/E12.3×11.2×7th most expensive of 15

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Qualitas Real Estate Income Fund Units QRI.AXAustralia$649M-6%+12%80%12.3×n/an/a
Cromwell Property CMW.AXAustralia$662M-13%0%52%9.1×n/an/a
MFA Financial MFAUnited States$628M-37%-10%80%4.7×n/an/a
Service Properties Trust SVCUnited States$673M-37%-12%11%n/an/an/a
Strawberry Fields REIT STRWUnited States$678M-5%+18%54%15.7×n/an/a
Sasseur Real Estate Investment Trust CRPU.SISingapore$621M-7%-13%90%10.3×n/an/a
Charter Hall Social Infrastructure REIT CQE.AXAustralia$681M+4%+12%72%14.6×n/an/a
PennyMac Mortgage Investment Trust PMTUnited States$685M-29%+11%80%5.8×n/an/a
Chimera Investment CIMUnited States$612M-46%+14%70%3.7×n/an/a
AH Realty Trust AHRTUnited States$607M0%-48%27%106.3×n/an/a
Millerful No 1 Real Estate Investment Trust 01010T.TWTaiwan$698M0%+4%81%n/an/an/a
Saul Centers BFSUnited States$705M-19%+9%40%50.1×n/an/a
Global One Real Estate Investment 8958.TJapan$707M-17%-11%30%11.5×n/an/a
Invesco Mortgage Capital IVRUnited States$590M-34%-105%n/a3.3×n/an/a
Digital Core REIT DCRU.SISingapore$588M-11%+19%39%11.0×n/an/a
Chatham Lodging Trust CLDTUnited States$722M+56%-3%10%n/an/an/a
Hanwha REIT 451800.KSSouth Korea$584M-26%+13%63%28.1×n/an/a
CDL Hospitality Trusts J85.SISingapore$725M-10%+4%28%15.6×n/an/a
JBG SMITH Properties JBGSUnited States$729M-20%-1%0%n/an/an/a
Atom Hoteles SOCIMI YATO.MCSpain$572M-7%-1%56%n/an/an/a
FrontView REIT FVRUnited States$566M+5%+9%21%n/an/an/a

Questions

Which companies are Qualitas Real Estate Income Fund Units's closest peers?
The cockpit's peer set: Cromwell Property (CMW.AX), MFA Financial (MFA), Service Properties Trust (SVC), Strawberry Fields REIT (STRW), Sasseur Real Estate Investment Trust (CRPU.SI), Charter Hall Social Infrastructure REIT (CQE.AX), PennyMac Mortgage Investment Trust (PMT), Chimera Investment (CIM).
Is Qualitas Real Estate Income Fund Units expensive compared with its peers?
On forward p/e it trades at 12.3× against a peer median of 11.2×, 7th most expensive of 15 in its peer set.
How has Qualitas Real Estate Income Fund Units stock performed?
Over six months to 6 Nov 2026 the shares returned -6.3% against -11.9% for the median peer; over one year -7.2%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.