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real estate corp ltd (RNC) Snapshot

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52 Week High
04/4/14 - A$0.38
52 Week Low
09/2/13 - A$0.22
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real estate corp ltd (RNC) Details

RUN Corp Limited, a real estate agency, manages and sells retail properties in Australia. The company provides property management services, including sourcing of tenants, collection of rent, inspection of premises, and disbursement of funds to the property owners. It manages residential and commercial property assets primarily in Melbourne, Sydney, and Brisbane. The company also offers trust accounting and other administrative services to the independent real estate agents. RUN Corp Limited was founded in 2004 and is based in Prahran, Australia. As of April 2, 2014, Real Estate Corp Limited was taken private.

Founded in 2004

real estate corp ltd (RNC) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: --
Chief Financial Officer and Company Secretary
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Chief Technology Officer
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Executive Officer
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National Manager
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

real estate corp ltd (RNC) Key Developments

Real Estate Corp Limited Announces Board Changes

As announced on 26 March 2014, Namarong Investments Pty Ltd. as trustee for the Hansen Investment Trust (Little Group) has waived the final condition to its cash takeover offer for the shares in Real Estate Corp. Limited (RNC) and has declared the offer unconditional. As the Offer has become unconditional, and Little Group has acquired a relevant interest in more than 50% of the shares in RNC, Little Group has become entitled to nominate new members to the Board in accordance with clause 4.4 of the Bid Implementation Agreement. Accordingly, each of Mr. Nathan Cher, Mrs. Jane Tongs and Mr. Samuel Herszberg have resigned from the Board, and the Company announced that Mr. Paul Little, Mr. Peter Halstead and Mr. Ian Hanley have been appointed to the Board, effective from 28 March 2014.

Real Estate Corp Limited Announces Earnings Results for the Half Year Ended December 2013

Real Estate Corp. Limited announced earnings results for the half year ended December 2013. For the period, the company reported total revenue and other income of AUD 15,588,000 against AUD 14,158,000 a year ago. Profit before interest costs, tax, depreciation & amortization was AUD 2,255,000 against AUD 3,047,000 a year ago. Profit before income tax was AUD 924,000 against AUD 1,085,000 a year ago. Profit after income tax was AUD 871,000 against AUD 795,000 a year ago. Profit attributable to members of the company was AUD 871,000 against AUD 795,000 a year ago. Basic and diluted earnings per share were AUD 0.01 against AUD 0.01 a year ago. Net cash inflow from operating activities was AUD 178,000 against AUD 1,589,000 a year ago.

Runcorp limited has Changed its Name to Real Estate Corp Limited

On October 17, 2013, Runcorp limited changed its name to Real Estate Corp Limited.


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