GTJ REIT Inc. redeemed 79,681 shares of its common stock Dec. 5 under its share redemption program at $12.55 per share, for a total of $999,996.55.
According to a filing, the company received redemption requests for the period between June 1 and Nov. 30, exceeding the program's $1 million-per-year limit, and was unable to purchase all the shares offered for redemption.
The company will carry any unsatisfied redemption requests over to the next semiannual redemption period, which will be Dec. 1 through May 31, 2018.
