Healthy start for Qualitas.

There’s always a risk with higher cost IPOs that the market will initially baulk as trade begins, but no such issues for the Qualitas Real Estate Income Fund (QRI) today though.

Sitting comfortably at 5% above the initial $1.60 ask, shares are currently trading at a $1.68 with Qualitas aiming to deliver an 8% return for investors off the back of a portfolio that offers exposure to real estate loans secured by first and second mortgages, predominantly located in Australia.

More info can be found here and our Scorecard has been updated accordingly.