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RAM Essential Services Property Fund Announces Blackout Period for Buyback Program

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RAM Essential Services Property Fund Announces Blackout Period for Buyback Program

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RAM Essential Services Property Fund ( (AU:REP) ) has shared an update.

RAM Essential Services Property Fund has announced a temporary suspension of its on-market buyback program due to a blackout period. This blackout period, effective from January 31, 2025, to March 1, 2025, aligns with the release of the company’s FY25 Half Year Results. The pause in the buyback is in accordance with its Securities Trading Policy, which may temporarily affect stakeholder expectations and market activities related to REP’s securities.

More about RAM Essential Services Property Fund

RAM Essential Services Property Fund (REP) is a stapled real estate investment trust listed on the ASX, comprising the RAM Australia Retail Property Fund and RAM Australia Medical Property Fund. The fund holds a geographically diverse and defensive portfolio centered on medical and essential retail-based properties, featuring high-quality tenants such as leading national supermarkets and private hospital operators. REP aims to provide stable and secure income with potential for income and capital growth by leveraging favorable sector trends.

YTD Price Performance: 0.0%

Average Trading Volume: 451,480

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$302.7M

Find detailed analytics on REP stock on TipRanks’ Stock Analysis page.

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