Key Highlights

  • Qualitas Real Estate Income Fund will pay an estimated 1.0532 cents per unit on 16 November 2026.
  • The ex-date was 4 November and the Record Date 5 November.
  • The final amount is due on 13 November, and the reinvestment plan applies with no discount.
  • The distribution is unfranked.

Qualitas Real Estate Income Fund (ASX:QRI) will pay its October 2026 distribution on Monday 16 November, placing it among the income payments on the ASX Dividend calendar for next week. The fund announced an estimated distribution of 1.0532 cents per unit on 30 October 2026, with the actual amount to be confirmed on 13 November. Units went ex-distribution on 4 November and the record date was 5 November, so entitlement has been set. The fund's distribution reinvestment plan applies to this payment, and the election deadline passed on 6 November.

The October Distribution Timetable

The Appendix 3A.1 lodged on 30 October 2026 sets out a distribution of AUD 0.010532 per unit for the one-month period ending 31 October 2026, marked as estimated. The notice gives an ex date of 4 November 2026, a record date of 5 November 2026 and a payment date of 16 November 2026. It states that the actual amount will be announced on 13 November 2026.

Unlike some monthly income trusts whose record dates fall on the last day of the month, Qualitas sets its record date a few days into the following month. Investors following the ASX dividend calendar need to note that difference, because buying units on or after the ex date of 4 November did not carry an entitlement to the October payment. The ex date sits one Business day before the record date because ASX trades settle two business days after the trade date. A purchase made on 3 November settled in time for the buyer to appear on the register on 5 November, while a purchase made on 4 November did not.

The distribution is 100 per cent unfranked. That is typical for a trust earning interest income from loans, because interest income does not carry franking credits in the way company dividends paid from taxed profits can.

How the Reinvestment Plan Works

The fund operates a full distribution reinvestment plan, and the notice confirms it applies to the October distribution. The election deadline was 5pm on Friday 6 November 2026, and no discount is offered on reinvested units.

The pricing method is set out in the notice. Units under the plan are priced at the lesser of two figures: the most recent weekly net Tangible Asset price released to the ASX before the record date, and the average price of units bought on the ASX under the plan during a period set by the board. The default option is a cash payment for holders who have not elected to participate.

This structure is designed so that participants do not reinvest at a price above net asset backing. The actual price applied to reinvested units was not stated in the notice and is typically disclosed separately.

What the Fund Invests In

The fund provides exposure to private Credit secured by Australian commercial real estate. Its stated objective is to provide monthly income and Capital preservation, although its documents note there is no guarantee the objective will be met.

In the 30 October distribution announcement, the fund gave a forecast net tangible asset value of $1.602 per unit as at 31 October 2026. It also publishes estimated net tangible asset values weekly and monthly through the ASX, including an estimated monthly figure for 31 October released on 4 November.

The Responsible Entity is The Trust Company (RE Services) Limited, a wholly owned member of the Perpetual Group. The manager is QRI Manager Pty Ltd, which is wholly owned by the Qualitas Group. The listed parent, Qualitas Limited (ASX:QAL), reported approximately $11.6 billion in committed funds under management as at 30 June 2026.

Monthly Cadence and Recent Announcements

The fund follows a regular monthly cycle of estimated and confirmed distributions. In September 2026 it lodged a distribution announcement on 14 September and an update the same day, then another distribution announcement on 30 September. In October it released a further update on 14 October before announcing the October estimate on 30 October.

That pattern of an estimate followed by a confirmation about two weeks later means the final October figure is due on 13 November, three days before payment. The estimate and final amounts can differ slightly, because the confirmed figure reflects the income actually earned in the month.

The fund also issues new units from time to time. It applied for Quotation of securities on 15 September and 15 October 2026, which is consistent with units being issued under the reinvestment plan following earlier distributions.

Interest Rates and Private Credit Income

Most real estate loans in private credit portfolios carry floating interest rates, so the income they generate tends to rise when the cash rate rises. The Reserve Bank lifted the cash rate to 4.60 per cent at its 29 September 2026 meeting and to 4.85 per cent on 3 November 2026. Higher rates can support monthly income, but they also increase the repayment burden on borrowers, which is why Loan security, borrower quality and property values matter for capital preservation.

The fund's own documents do not set a fixed distribution rate, and each month's amount depends on the interest received from its loan book. Investors comparing monthly payers on the ASX dividend calendar may find it useful to read the monthly performance updates, which the fund released for August on 25 September and for September on 26 October.

Key Takeaways

Qualitas Real Estate Income Fund will pay an estimated 1.0532 cents per unit for October on 16 November 2026, following an ex date of 4 November and a record date of 5 November. The final amount is due on 13 November. The distribution is unfranked, the reinvestment plan applies with no discount, and reinvested units are priced at the lower of recent net asset backing and an average on-market price. With a forecast net tangible asset value of $1.602 per unit at the end of October, the next items on this fund's dividend calendar are the 13 November confirmation and the November estimate due around month-end.