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GDI Property Group ( (AU:GDI) ) just unveiled an announcement.
GDI Property Group has announced the sale of six assets from its Autoleague Portfolio for $74 million, marking a significant increase from their original acquisition price. This transaction is part of a broader sell-down strategy initiated by the company, which has already reduced the Trust’s debt and provided returns to unitholders, with further distributions expected upon settlement.
The most recent analyst rating on (AU:GDI) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on GDI Property Group stock, see the AU:GDI Stock Forecast page.
More about GDI Property Group
GDI Property Group is involved in the real estate industry, focusing on property investment and management. The company operates through its property trust, offering investment opportunities primarily in commercial real estate assets.
Average Trading Volume: 408,294
Technical Sentiment Signal: Buy
Current Market Cap: A$360.1M
For detailed information about GDI stock, go to TipRanks’ Stock Analysis page.