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  • Axiom, Auctus and The Agency report the best results
  • Quarterly reports from ASX listed companies are rolling in
  • Some companies recorded impressive cash flow results despite feeling the effects of the pandemic

With the December quarter reports rolling in on the ASX, we looked into the best performing real estate and property related companies for Q2 FY22 by cash flow.

These companies had recorded impressive cash flow results despite facing the pandemic related challenges and uncertainties of 2021.

1. Axiom Properties

Coming in on top is a property development and investment business Axiom Properties. This Adelaide based company recorded a net cash flow of $22.7 million for the quarter. THeir total cash flows however came to $12.732 million at the end of December 2021.

2. Auctus Group

Taking out the second spot is Melbourne based global investment management company Auctus Group. Not only did the company have a net cash flow of $2.091 million, but they also increased their assets under management by 16.5%, from $400 million to $466 million during the quarter.

3. The Agency

A heavyweight in Australian real estate, The Agency, ended the quarter with the third highest net cash flow of $1.176 million. This marks the third consecutive quarter of positive operational cash flow for The Agency.

4. Proptech Group

In a 61% increase from the previous quarter, Proptech Group’s operational cash flow reached just under $1 million for the December quarter. The company reported $14.8 million in cash on hand as at 31 December 2021. Joe Hanna, the CEO and Managing Director of PropTech Group commented that the results “…demonstrate that we have the resources to extend our growth path well into the future.”

5. Acumentis

Acumentis, a property valuation company, reported a $0.853 million net cash flow for the quarter. The closing cash balance was $3.6 million. CEO Tim Rabbitt highlighted that the positive results come despite the challenges associated with the pandemic. “We are confident of managing short term COVID challenges and continuing to build the business for further growth,” he said.

ASX Listed real estate companies by net cash flow 

Category Company ASX Code Date published Net cash from/(used in) operating activities
Developer Axiom AXI 28-Jan-22  $22,700,000.00
Fund Auctus Group AVC 18-Jan-22  $2,091,000.00
Agency The Agency AU1 28-Jan-22  $1,176,000.00
Tech Proptech Group PTG 28-Jan-22  $987,000.00
Valuations Acumentis ACU 27-Jan-22  $853,000.00
Tech RNT 31-Jan-22  $186,000.00
Agency Auckland Real Estate AKL 28-Jan-22  $168,000.00
International CAQ Holdings CAQ 31-Jan-22  $45,000.00
Agency * GPS Alliance GPS 28-Jan-22  $4,170.00
Developer Ultima United UUL 31-Jan-22 ($12,000.00)
Developer Hudson Investment Group HGL 31-Jan-22 ($176,000.00)
Developer Land and Homes Group LHM 28-Jan-22 ($289,000.00)
Multiple International Equities IEQ 31-Jan-22 ($359,000.00)
Developer Mustera MPX 27-Jan-22 ($2,502,000.00)
Office Victory Offices VOL 28-Jan-22 ($3,870,000.00)
Developer Raptis Group RPG 28-Jan-22 ($38,423,000.00)

Please note at the time of writing all information was correct, more quarterly reports may have been published since. 

Auctus was included for its interest in the US Student Housing sector, which is expected to be listed on the ASX this year.

* Converted from SGD at S$1=A$1.04.

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