US Masters Residential Property Fund ( (AU:URF) ) just unveiled an update.
The US Masters Residential Property Group held a general meeting to discuss a Buyback Proposal, which seeks approval to repurchase up to 25% of its stapled securities over the next 12 months. This move aims to return surplus capital to securityholders and maintain an efficient capital structure, potentially increasing the value of remaining securities and providing liquidity to investors. The group’s financial performance for 2024 showed a 14% increase in Net Operating Income due to strong rental increases, while maintaining cost discipline with stable general and administrative expenses.
More about US Masters Residential Property Fund
US Masters Residential Property Fund operates in the real estate industry, focusing on residential property investments. The company offers investment opportunities through its stapled securities, which combine units from two funds, URF I and URF II, to form the US Masters Residential Property Group.
YTD Price Performance: 13.89%
Average Trading Volume: 634,959
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$279.8M
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