Business
Why the Elanor Retail Property Fund (ASX:ERF) share price is up 12% today
The Elanor Retail Property Fund (ASX: ERF) share price is shooting higher today, up 12.24% to $1.10 in late afternoon trading. This follows the company’s ASX announcement this morning reporting a major asset sale and the launch of an on-market share buyback scheme.
Today’s gains see the Elanor share price up more than 23% so far in November. Having taken a big wallop during the COVID-19-panic selling in February and March, shares remain down 10.7% year-to-date.
By comparison, the broader All Ordinaries Index (ASX: XAO) is down 1.3% so far in 2020.
What does Elanor Retail Property Fund do?
Elanor Retail Property Fund is a real estate investment trust (REIT). The company invests in Australian retail shopping centres that…
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