US Masters Residential Property to Prepare 2025 Financial Statements on Non-Going Concern Basis

MT Newswires Live
02/09

US Masters Residential Property Group (ASX:URF) said it will prepare its financial statements for the year ended Dec. 31, 2025, on a non-going concern basis amid plans to sell remaining properties in its portfolio, according to a Monday Australian bourse filing.

The company will cease operations after it completes its plans to sell all remaining properties in the company's portfolio across the New York premium, New Jersey premium, and New Jersey workforce segments by the end of 2026, the filing said.

The cessation of its operations comes in light of a review of the asset sales pipeline, as well as the US Masters Residential Property (USA) Fund tax restructure.

The company's selling costs are typically in the range of 7.25% of asset gross sales price, per the filing.

The board cautioned that required regulatory sign-offs, uncooperative tenants, buyer delays or default, and other unforeseeable property issues could lead to the sales being delayed into 2027, the filing added.

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