Custodian Property Income REIT Announces Share Buyback
Why we think this is neutral
This RNS announcement is a routine share buyback update, which does not contain any significant news that would impact the company's performance or outlook. While share buybacks can be a positive signal, the information provided is limited and does not warrant a stronger sentiment score.
Key Points
- Custodian Property Income REIT has purchased 150,000 of its own shares
- The shares were acquired at 80.9 pence per share for a total consideration of £121,325
- The shares will be held in treasury
- The transaction was executed under the company's ongoing share buyback program
Summary
The real estate investment trust has purchased 150,000 of its own shares as part of an ongoing buyback program.
Custodian Property Income REIT (CREI) has announced that it has purchased 150,000 of its own ordinary shares at 80.9 pence per share for a total consideration of £121,325. The shares will be held in treasury. This transaction was executed under the company's previously announced share buyback program.
DIRECTOR DEALINGS