Qualitas secures new AU$440 million commitment from global institutional investor

Qualitas Limited (ASX: QAL) announced that it had secured a new AU$440 million capital commitment from a global institutional investor for its Qualitas Construction Debt Fund II. This additional capital will help the CDFII to immediately secure a large scale residential construction loan opportunity and will also increases the size of CDFII to approx. AU$1.20 billion of committed capital.

Funds under Management, has increased to approx. AU$5.33 billion after the addition of this new commitment, demonstrating net FUM growth of approx 25% since 30 June 2022.

The company has also announced its FY23 earning guidance:

• For FY23, Net Profit Before Tax is expected to be in between of AU$30 million and AU$33 million
• Earnings per Security is expected to be in the range of 7.1 cps to 7.9 cps

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