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US Masters Residential Property Fund ( (AU:URF) ) has issued an update.
US Masters Residential Property Group announced an amendment to its Tangible Net Worth Covenant in its loan agreement with Global Atlantic. The amendment, effective May 3, 2025, reduces the covenant from US$250 million to US$104.5 million, aligning it with the company’s sales strategy and potentially impacting its financial flexibility and stakeholder interests.
More about US Masters Residential Property Fund
US Masters Residential Property Group is a listed entity that includes the US Masters Residential Property Fund and its second fund. The company operates in the real estate industry, focusing on residential property investments, primarily in the United States.
YTD Price Performance: 11.43%
Average Trading Volume: 604,102
Technical Sentiment Signal: Sell
Current Market Cap: A$269.4M
For an in-depth examination of URF stock, go to TipRanks’ Stock Analysis page.