US Masters Residential Property Fund (AU:URF) has released an update.
US Masters Residential Property Fund has reported an unaudited pre-tax NAV of $0.62 per unit and a post-tax NAV of $0.55 as of August 31, 2024. The Fund sold 12 assets for $18.8 million, aligning closely with their book values, and currently has a sales pipeline totaling $133.62 million across various stages. Capital management initiatives include a buyback program with 96.5 million securities purchased for $27.73 million, and a review for increasing US capital repatriation to enhance unitholder returns.
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