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The latest announcement is out from Gyrodyne Company Of America ( (GYRO) ).
At the 2024 Annual Shareholders Meeting of Gyrodyne, LLC, CEO Gary Fitlin highlighted the company’s resilience amidst economic challenges and its commitment to selling properties at favorable values and distributing profits to shareholders. Corporate governance and compensation improvements were cited as increasing shareholder alignment and net asset value. Despite a tough commercial office market and legal proceedings, Gyrodyne raised $4.4 million in a Rights Offering and is actively marketing its properties, aiming for sales agreements. The company remains open to various sale options to maximize shareholder returns and is hopeful for final entitlements and recovery in the post-pandemic economy.
For an in-depth examination of GYRO stock, go to TipRanks’ Stock Analysis page.