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US Masters Residential Property Fund ( (AU:URF) ) just unveiled an announcement.
The US Masters Residential Property Group has restructured its US operations from a REIT to a C-Corp structure for tax purposes, effective January 1, 2025. This change allows the company to utilize historical losses to reduce corporate tax obligations during the asset sell-off, with the goal of minimizing tax liabilities and efficiently repatriating funds to Australia within a liquidation period ending December 2028. The group’s sales target for 2025 is set between US$200 to $225 million, emphasizing its commitment to returning capital to investors while managing tax efficiency.
More about US Masters Residential Property Fund
US Masters Residential Property Group is a listed stapled entity comprising US Masters Residential Property Fund and US Masters Residential Property Fund II, focusing on residential property investments in the US market.
YTD Price Performance: 6.11%
Average Trading Volume: 557,071
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$264.6M
See more insights into URF stock on TipRanks’ Stock Analysis page.