EDC

About EDC

Eildon Capital Group (EDC, formerly Eildon Capital Fund) is a property investment company Eildon Capital Group (EDC, formerly Eildon Capital Fund) is real estate investment and funds management business with over $280 million AUM which covers both credit and equity in real estate. Also, the co-invests alongside its investor clients utilizing its $52 million (net assets) balance sheet capacity, demonstrating strong alignment of interest.

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What does Eildon Capital Limited do?

If you think property is a safe bet, you're not alone. Eildon Capital is a real estate investment firm and fund manager founded in 1993. 

The company has historically focused on property opportunities in the residential, retail, industrial, and commercial sectors. Eildon specialises in senior financing, preferred equity, mezzanine and bridge financing, and equity financing.

The company is continuously building a portfolio of property investments to create a combination of income streams and capital appreciation. Prior to any sale, the company works to reposition and improve property investments in order to make maximum capital gains.

In November 2020, Eildon Capital acquired Eildon Funds Management Limited from CVC Group, making the company a fully integrated funds management and real estate investment business. It is currently based in Melbourne with an additional office in Sydney.

How does Eildon Capital make money?

Two entities operate under Eildon Capital Limited: Eildon Capital Group (EDC) and Eildon Capital Trust (ECT).

EDC earns and reports revenue in three segments. As per their latest annual report, the segments are as follows:

• Direct Property Investment involves direct exposure, including ordinary equity, preference equity, options to acquire an interest in direct property subject to planning outcomes

• Property Backed Lending comprises loans backed by underlying property assets

• Funds Management includes activities that relate to the management of property investments, debt and unlisted funds

ECT earns and reports revenue in two segments, Direct Property Investment and Property Backed Lending.

Is Eildon Capital a profitable company?

Since going public in 2017 Eildon Capital has been consistently profitable. 

The company’s net profit after tax (NPAT) for FY2019, FY2020 and FY2021 arrived at A$4.4m, A$4.7m and A$4.9m, respectively. 

For the first half of FY2022, the company’s NPAT came to A$2.7m.

Is EDC stock a buy?

By the company’s own admission, COVID-19 has had a significant impact on Eildon Capital’s ability to forecast the future. However, the company’s confidence seems to be returning as property prices have climbed through 2020 and 2021.

In the company’s latest annual report, it stated:

“The increase in property prices have (sic) had a positive impact on the existing investment portfolio. EDC is pleased to report all investments are performing as expected and are forecast to deliver returns consistent with original investment assumptions. There are currently no investments in the loan portfolio in arrears and all covenants are being maintained.”

Bearish investors cite the possible resurgence of COVID-19 and any variants as threats to Eildon Capital’s future performance and a reason not to buy.

Does EDC stock pay dividends?

In the past, Eildon Capital has paid dividends in March, June, September and December of each year. Through 2021, the company paid out a total of A$0.0823 per share.

Who owns EDC stock?

Venture capital and private equity firms hold the most EDC stock at 38.3% of the total float. The general public follows closely, holding 25.2%.

Some of EDC’s top shareholders include CVC Limited (38.25%), First Samuel Limited (6.78%), Chemical Trustee Limited (6.51%) and JKM Securities Pty Limited (4.34%).

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