After the purchase, Stoneweg European REIT has 562.3 million units in issue.
Stoneweg European REIT has commenced its share buyback programme funded from its recent asset sales. On March 21, the REIT announced that it acquired 50,000 units from the market for EUR71,798.38 ($103,969.44) or EUR1.43 to EUR1.44 apiece.
The mandate was approved by the REIT’s unitholders at its FY2023 annual general meeting on April 30, 2024.
According to the REIT manager, the move to buy its units back “underscores [its] confidence in Stoneweg European REIT’s fundamentals”.
“It also reflects the trust in Stoneweg European REIT’s robust portfolio and balance sheet following a highly productive year, reaffirming the focus on long-term value creation,” adds the statement released on March 21.
After the purchase, Stoneweg European REIT has 562.3 million units in issue.
As at 10.53am, units in Stoneweg European REIT are trading 2 Euro cents higher or 1.4% up at EUR1.45. The REIT’s Singapore dollar (SGD) counter is trading 1 cent higher or 0.48% up at $2.11.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。