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An update from Qualitas Real Estate Income Fund Units ( (AU:QRI) ) is now available.
Qualitas Real Estate Income Fund has successfully completed a non-renounceable entitlement offer, raising approximately $35 million through the issuance of 21,642,438 new ordinary units at A$1.60 each. The capital raised will be invested in commercial real estate credit investments, aligning with the fund’s investment mandate, and is expected to benefit unitholders by reducing operating costs per unit and increasing trading liquidity. The offer, which includes a shortfall offer targeting up to $162 million, involves several financial institutions as joint lead managers and is legally advised by MinterEllison.
The most recent analyst rating on (AU:QRI) stock is a Buy with a A$1.60 price target. To see the full list of analyst forecasts on Qualitas Real Estate Income Fund Units stock, see the AU:QRI Stock Forecast page.
More about Qualitas Real Estate Income Fund Units
Qualitas Real Estate Income Fund operates in the real estate investment industry, focusing on commercial real estate credit investments. The company aims to provide income and capital growth to its unitholders through strategic investments in real estate assets, enhancing trading liquidity and reducing operating costs per unit.
Average Trading Volume: 1,025,245
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.15B
Find detailed analytics on QRI stock on TipRanks’ Stock Analysis page.