According to the REIT manager, the move to buy its units back “underscores [its] confidence in Stoneweg European REIT’s fundamentals”.
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.
