URF 5.17% 30.5¢ us masters residential property fund

No they're actually talking about the whole thing. They've been...

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    No they're actually talking about the whole thing. They've been going through the process for quite a while now.

    So either it gets taken out at 55-60 cents imminently or they start buying back 10% of the equity base in a month or so (to start with).

    Importantly they'll be FFO positive by March/April (based on run-rate, removal of RE fees etc) so the operations are now finally humming as well.

    Still seems very asymmetric with risk reducing dramatically and catalysts coming.
 
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