QUALITAS REAL ESTATE INCOME FUND
ASX:QRIFinancial ServicesShare count grew 41% in 24 months; 5 cash raises in 24 months
QUALITAS REAL ESTATE INCOME FUND's ordinary share count grew 41.4% between October 2024 and October 2026, its latest share-count filing, to 631M shares. The fund raised capital five times in that period for total disclosed proceeds of A$510.4M, most recently a A$34.6M Non-Renounceable Entitlement Offer in October 2025. No funding‑runway figure is provided because the fund is an investment vehicle whose operating cash flow is not a spend rate. No options or rights on issue are recorded, and no proposed securities issues are pending.
Quick answers · 3
When did QRI last raise capital?
The last capital raise in Qualitas Real Estate Income Fund's filings is Non-Renounceable Entitlement Offer of $34.6M announced 16 Oct 2025, one of 5 cash raises in 24 months.
How much placement capacity does QRI have left?
About 99% of the 15% placement capacity left, about 1% used in 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
How much has QRI's share count grown?
Qualitas Real Estate Income Fund has 631.1M shares on issue as at 28 Oct 2026, up 41.4% over 24 months according to its Appendix 2A filings.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 15 Oct 2026 | 2A · quoted issue | QRI : ORDINARY UNITS FULLY PAID | 631.1M | Appendix 2A |
| 15 Sept 2026 | 2A · quoted issue | QRI : ORDINARY UNITS FULLY PAID | 631.1M | Appendix 2A |
| 17 Aug 2026 | 2A · quoted issue | QRI : ORDINARY UNITS FULLY PAID | 631.1M | Appendix 2A |
| 15 July 2026 | 2A · quoted issue | QRI : ORDINARY UNITS FULLY PAID | 631.1M | Appendix 2A |
| 15 June 2026 | 2A · quoted issue | QRI : ORDINARY UNITS FULLY PAID | 631.1M | Appendix 2A |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
5 cash raises in the last 24 months · 0 in the last 12 months
Forward supply
Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 6 Oct 2026 | Andrew Schwartz | Buy on-market | — | 179k | — | $248k | 3Y notice |
| 22 Apr 2026 | Andrew Fairley AM | Sell on-market | — | 244k | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.