US Masters Residential Property Fund (AU:URF) has released an update.
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US Masters Residential Property Fund has reported an unaudited pre-tax net asset value (NAV) of $0.60 per unit and post-tax NAV of $0.54 per unit as of September 30, 2024, influenced by property appraisals and recent operational outcomes. In September alone, the Fund sold eight assets for $11.51 million, contributing to a total of $99.28 million in sales for the year. Additionally, the Fund has executed a buyback program, purchasing 99.1 million URF Stapled Securities and has outlined plans to increase capital returns to unitholders following a tax efficiency review.
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