RGN Announces AU$100 million On-Market Security Buy-Back

RGN Group (ASX: RGN) has announced the repurchase of up to AU$100 million of its securities through an on-market buy-back. The buy-back will be financed using proceeds from the AU$76 million sale of a retail shopping centre, along with the company’s existing cash reserves and available debt facilities. The shopping centre transaction, which was finalized above its December 2024 book value at an implied yield of 5.50%, is expected to settle in May 2025.

CEO Anthony Mellowes emphasized that the buy-back represents a strategic and efficient allocation of capital, aiming to enhance Adjusted Funds from Operations (AFFO) and Net Tangible Assets (NTA) per security. He further noted that this initiative aligns with RGN’s broader portfolio optimisation strategy, ensuring the company retains financial flexibility for future growth opportunities while maximizing value for security holders.

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