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Schroder European Real Estate ate ate Investment ( (GB:SERE) ) has issued an update.
Schroder European Real Estate Investment Trust Plc announced a share buyback programme, engaging Panmure Liberum Limited to manage the purchase of its Ordinary Shares. This decision comes as the company maintains a strong financial position with cash reserves expected to increase following the sale of an investment. The buyback reflects an opportunity to acquire shares at a discount to net asset value, aiming to benefit shareholders while adhering to regulatory standards. The programme is authorized to repurchase a significant number of shares until the next annual general meeting.
More about Schroder European Real Estate ate ate Investment
Schroder European Real Estate Investment Trust Plc (SEREIT) is a company specializing in investments in European growth cities. The company focuses on real estate investment and asset management, aiming to enhance portfolio income and asset quality.
YTD Price Performance: -4.12%
Average Trading Volume: 254,219
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £80.51M
For an in-depth examination of SERE stock, go to TipRanks’ Stock Analysis page.
