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Triple Crown Realty Trust (TCRT) Announces Stock Split, Lists Shares for Trading on LODAS Markets
WICHITA, Kan., March 27, 2024 /PRNewswire/ -- Triple Crown Realty Trust, Inc. ("TCRT"), a private REIT focused on Middle America industrial real estate, announces a 200-for-1 stock split and the listing of its shares on LODAS Markets, effective April 2.
TCRT is also the inaugural transfer-agent customer for LODAS, which operates an automated marketplace matching buyers and sellers like a stock exchange. About 40 private REITs and other securities are available on the LODAS platform.
TCRT's current net asset value (NAV) is $8,000/share, becoming $40 post-split.
WHY IT MATTERS: TCRT AND INVESTORS
The split puts TCRT's NAV per share more in line with other NAV REITs. TCRT was formed as a ...