Reitir Real Estate's Buyback Plan Progress in Week 31

Author: Ryan Hughes Updated: 08-04-2025 04:45 AM

Reitir's New Buyback Plan Unveiled

The board of Reitir Real Estate has approved a new buyback plan for the company, which is aligned with relevant market regulations. The implementation of this plan began shortly after the board's approval, signifying a proactive approach in managing the company's equity.

Summary of Week 31 Activities

During week 31, Reitir executed significant buyback transactions, acquiring a total of 770,000 shares. Collectively, these acquisitions amounted to 87,610,000 kr., reflecting the company’s commitment to enhancing shareholder value.

Details of the Transactions

The breakdown of stock purchases from week 31 illustrates both the times and prices at which shares were bought, showcasing a consistent strategy to bolster share ownership:

On July 28, 2025, 100,000 shares were purchased at a price of 114 kr. per share.
On July 30, 2025, additional purchases were made totaling 300,000 shares across two transactions.
On August 1, 2025, a further 370,000 shares were bought in several tranches at stable prices.

Buyback Achievements and Future Goals

In total, Reitir has now repurchased 3,080,000 shares under the current buyback strategy, which represents 73.3% of the maximum allowable under this initiative. The total expenditure for these shares reached 351,830,000 kr., equating to 70.4% of the authorized budget for share buybacks.

Maximum Share and Monetary Limits

The board has set a cap of 4,200,000 shares for the buyback, ensuring that the total spending does not exceed 500 million kr. This structured approach aims to ensure that the financial integrity of the company is maintained while enhancing shareholder returns.

Looking Ahead

Since the end of the first quarter, following the latest financial statements, Reitir has acquired 7,280,000 shares at a total cost of 828,447,470 kr. This highlights the company's aggressive stance on returning value to its shareholders.

Current Ownership Status

Reitir currently holds 7,280,000 of its own shares, equating to approximately 1.04% of the company’s total equity. The remaining outstanding shares amount to 689,720,000, marking a significant portion of owner equity retained in the market.

Contact Information

For more information, please reach out to Einar Þorsteinsson, the Chief Financial Officer, at 669 4416 or via email at einar@reitir.is.

Frequently Asked Questions

What is the purpose of Reitir's buyback plan?

The buyback plan aims to enhance shareholder value and manage the company's equity structure efficiently.

How many shares has Reitir repurchased so far?

Reitir has repurchased a total of 3,080,000 shares under the current buyback plan.

What is the maximum number of shares that can be repurchased?

The maximum number of shares permitted for repurchase under the plan is set at 4,200,000.

What is the total estimated cost for the buybacks?

The total budget allocated for the buyback plan is capped at 500 million kr.

Who can I contact for more information regarding the buyback plan?

For inquiries, you can contact Einar Þorsteinsson, the CFO, at 669 4416 or email him at einar@reitir.is.

About The Author

Hello, my name is Ryan Hughes. I am a financial, economics, and stock market specialist committed to assisting people in negotiating the intricacies of the financial system. Having a great deal of experience and a thorough grasp of market dynamics and economic trends, my area of expertise is converting complex financial ideas into understandable, practical knowledge. By use of my articles and blog entries, I hope to give you the information and assurance you need to make wise financial choices.

I've had the honor of interacting with a wide range of readers as a writer for several financial blogs, from new investors to seasoned market participants. To enable you to reach your financial goals, I want to make finance, economics, and stock market trends understandable and approachable. I appreciate you traveling with me toward success and financial literacy.

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