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An announcement from RAM Essential Services Property Fund ( (AU:REP) ) is now available.
RAM Essential Services Property Fund has announced an update regarding its ongoing on-market buy-back program. The company reported that it bought back 111,788 fully paid units stapled securities on the previous day, adding to a total of 3,146,430 securities repurchased to date. This buy-back initiative reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value.
More about RAM Essential Services Property Fund
RAM Essential Services Property Fund operates in the real estate industry, focusing on property investment and management. The company primarily deals with essential service properties, providing a stable market focus on assets that are crucial for community infrastructure.
YTD Price Performance: -1.67%
Average Trading Volume: 394,250
Technical Sentiment Signal: Buy
Current Market Cap: A$296.8M
See more insights into REP stock on TipRanks’ Stock Analysis page.