Overview: Metrics Real Estate Fund ASX:MRE

🏢 Overview: What is ASX:MRE?

Website: https://metrics.com.au/listed-funds/metrics-real-estate-multi-strategy-fund/

ASX:MRE is a stapled security comprising two trusts:

Metrics Real Estate Multi-Strategy Passive Trust (ARSN 679 413 293)
Metrics Real Estate Multi-Strategy Active Trust (ARSN 679 413 695)

Together, these trusts provide investors with exposure to a diversified portfolio of commercial real estate (CRE) investments across Australia and New Zealand, with potential expansion into Developed Asia.

💼 Investment Strategy

The fund aims to deliver a target total return of 10–12% per annum (net of fees) through the economic cycle. It seeks to provide monthly cash income, preserve investor capital, and manage investment risks while offering potential equity upside.

🧱 Portfolio Composition

The fund’s investments are diversified across the capital structure:

Debt Investments: Approximately 50% of the fund is allocated to senior secured first mortgage loans, providing regular income streams.
Equity and Hybrid Investments: The remaining 50% targets equity or hybrid equity investments in CRE development projects, offering potential for capital growth.

This allocation may vary over time based on the manager’s assessment of market opportunities.

🌐 Geographic and Sector Diversification

The fund’s investments are diversified by:

Geography: Primarily Australia and New Zealand, with potential exposure to Developed Asia.
Sector: Various CRE sectors, including residential developments, industrial properties, and other commercial projects.
Development Stage: Projects at different stages, from initial development to completion.

This diversification aims to mitigate risks associated with any single market or sector.

📈 Recent Performance

As of May 13, 2025, the fund’s unit price was A$1.88. It offers monthly distributions, with recent payments around A$0.0081 per unit, though these are not guaranteed and depend on the performance of underlying investments.

⚠️ Considerations

Liquidity: While listed on the ASX, the fund’s underlying assets are illiquid, and trading volumes may be low.
Risk Profile: Investments in CRE, especially development projects, carry risks, including market fluctuations and project-specific challenges.
Distributions: Monthly distributions are subject to the performance of the fund’s investments and are not guaranteed.

ASX:MRE Unit price and NAV

Disclaimer: This information is provided purely for educational purposes. It takes no account of an individual’s personal financial circumstances and hence can in no way constitute financial advice. The above data may be subject to errors or inconsistencies for which the author takes no liability. It is imperative that all investors do their own research or if they need advice, seek it from a qualified financial adviser.