LIC to ABP: All Ordinaries real estate stocks with decent gains in July

Highlights

• Real estate was one of the worst hit sectors during COVID-19 pandemic.
• The S&P/ ASX 200 real estate closed on Friday (29 July 2022) with a gain of nearly 3% and the index gained almost 9% in July.
• LIC, HMC, Qualitas, and Abacus are some real estate stocks from ASX All Ordinaries with lucrative price returns in the month of July

Real estate was one of the worst hit sectors during the COVID-19 pandemic but gradually, with the recovery of the economy and normalcy in place, the sector has started to revive again. The S&P/ ASX 200 real estate closed on the last trading day of July with a gain of nearly 3% and the index gained almost 9% in July.

On this backdrop, let us discuss four real estate stocks LIC, HMC, Qualitas, and Abacus from ASX All Ordinaries with decent price returns in July.
Lifestyle Communities Ltd (ASX:LIC)
LIC specialises in affordable independent living residential land lease communities.

Recently, the company provided an update on its FY22 profit. Let us have a look:

• A surge of AU$92.6million in the value of the company’s property portfolio
• The company expects that the underlying profit after tax will rise from AU$36.4million in FY21 to a range of AU$60.5million – AU$61.5million in FY22 (excluding the impact of the changes in property valuation)
• LIC plans to deliver 1,400 to 1,700 new home settlements between FY23 and FY25

Home Consortium Ltd (ASX:HMC)
HMC invests in high confidence and scalable real asset strategies on behalf of people, big institutions, and super funds.

Qualitas Ltd (ASX:QAL)
Qualitas is an alternative real estate investments manager. It has funds under debt and equity fund mandates.

In May, the company upgraded its FY22 prospectus. Here are the highlights:

• FY22 capital deployment is projected to be over AU$1.70 billion, a surge of 16% on the Prospectus forecast of AU$1.47 billion.
• FY22 pro forma Net Profit Before Tax (NPBT) is projected to be over AU$25.8million, a 13% increment on the Prospectus forecast.
• Amended FY22 pro forma pre-tax earnings per share (EPS) is projected to be no less than 8.8 cps.

Abacus Property Group (ASX:ABP)
Abacus Property has an investment portfolio focused on commercial property and self-storage sectors. It specialises in investing in commercial property markets in Australia and New Zealand.

• In March, the company raised about AU$200 million through a Placement by issuing about 59.2 million new stapled securities.
• Similarly, in April, the company raised nearly AU$3.3million under a Security Purchase Plan (SPP)