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QRI

Qualitas Real Estate Income Fund

Financial Services

Qualitas Real Estate Income Fund (QRI) is an ASX-listed investment trust focused on secured real estate loans in Australia and New Zealand. The fund provides flexible financing solutions for property purchases, refinancing, and development, catering to institutional, wholesale, and retail clients. Qualitas leverages its debt and equity perspective to deliver attractive risk-adjusted returns.

Short position

short percentage1.72%
reported shorts10.9M
shares on issue631.125M

Qualitas Real Estate Income Fund (ASX:QRI) has 1.72% of its shares on issue reported as short positions as of 5 Oct 2026, or about 10,854,411 shares. Over the past 30 days that figure has fallen 0.29 percentage points, and over 90 days it has fallen 0.41 percentage points. Its highest recorded short interest was 2.38% in March 2026. QRI is classified in the Financial Services industry. All figures come from official ASIC short position reports, published with a four trading-day (T+4) delay.

Price & short interest

Toggle series, zoom, and compare · ASIC daily, T+4

Qualitas Real Estate Income Fund (QRI) financials

Results, ratios and statements

Latest result

Year to 30 Jun 2026 (FY26) vs FY25, figures in AUD, the reporting currency

Revenue
$88.3M (source: ASX (Markit))vs $80.6M (source: ASX (Markit)) (FY25)
ASX (Markit), as at 29 Sep 2026
NPAT
$70.9Mvs $66.9M (FY25)
Yahoo Finance, as at 29 Sep 2026
EPS (diluted)
$0.11 (source: Derived: trailing 12 months at year end)vs $0.13 (FY25)
Derived: trailing 12 months at year end, as at 29 Sep 2026
Rev YoY
+9.5%FY
EPS YoY
−14.5%TTM
  • ASX (Markit)
  • Derived: trailing 12 months at year end

Key ratios

Year to 30 Jun 2026 (FY); balance sheet at 30 Jun 2026; prices to 9 Oct 2026

Gross margin
−17.7%
Operating margin
−19.7%
Net margin
80.3%
FCF margin
39.7%
ROE
7.1%
ROA
7.1%
FCF conversion
0.49×
Net debt (excl. leases)
n/a
Net debt / EBITDA
n/a
Current ratio
2.3×
Interest cover
n/a
Cash dividends paid / net profit
95.9%
Market cap
$912.0M
P/E
12.7×
P/B
0.9×

Ratios use the reporting currency (AUD); market cap is in AUD. Sources: Yahoo Finance and ASX (Markit), as at 29 Sep 2026.

Financial statements

Figures in AUD, the reporting currency; Yahoo Finance unless marked

QRI income, newest period first, figures in AUD
Line itemFY26FY25FY24FY23
Revenue$88.3M (source: ASX (Markit))$80.6M (source: ASX (Markit))$68.1M (source: ASX (Markit))$57.4M (source: ASX (Markit))
Gross profit−$15.6M−$12.3M−$9.9M−$9.5M
Operating income−$17.4M−$13.8M−$12.2M−$10.9M
EBITDA−$17.4M−$13.8M−$12.2M−$10.9M
EBIT−$17.4M−$13.8M−$12.2M−$10.9M
Pretax income$70.9M$66.9M$55.9M$46.5M
Tax$0$0$0$0
NPAT$70.9M$66.9M$55.9M$46.5M
Net interest income$1.4M$1.5M$1.3M$1.1M
EPS basic$0.11 (source: Derived: trailing 12 months at year end)$0.13$0.14$0.12
EPS diluted$0.11 (source: Derived: trailing 12 months at year end)$0.13$0.14$0.12
Shares631.1M608.7M424.1M376.7M
  • ASX (Markit)
  • Derived: trailing 12 months at year end

Financial reports

The company's own filings, newest first