Edison Investment Research - Real Estate Investar Group (REV) Q3 saw higher volume of property transactions

Report

Edison Investment Research

Katherine Thompson

Q3 saw higher volume of property transactions

Real Estate Investar (REV) saw Q317 revenue growth of 63% y-o-y with a substantial pick-up in property transactions. The company continues to execute on its strategy to capitalise on its growing membership base of property investors in order to generate property-related transaction revenues. We leave our forecasts substantially unchanged and continue to forecast EBITDA break-even in H217.

30/05/2017 3 EN

Underlying

Real Estate Investar Group

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AU000000REV5 Australia

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Katherine Thompson

Other Reports on these Companies

Edison Investment Research

Termination of coverage

Edison Investment Research is terminating coverage on Real Estate Investar Group (REV). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant.

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Data-driven property service provider

Real Estate Investar (REV) is shifting its strategy, aiming to capitalise on its growing membership base of property investors to generate property-related transaction revenues. We have revised our forecasts to reflect a higher proportion of transaction-related revenues, the three-year agreement with Domain Group for data provision, and the Property Factory acquisition in Q416. Our EBITDA break-even forecast moves to H217 (from H216) and we reduce our DCF valuation to A$0.17 (from A$0.26).

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Q3 saw higher volume of property transactions

Termination of coverage

Data-driven property service provider

Sylvania Platinum - Annual guidance maintained, despite strike

1Spatial - Investing in the transformational SaaS opportunity

Datatec - FY24 underlying EPS more than doubles y-o-y

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