tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Dear Life acquires leased condominium asset in Tokyo’s Nakano district

Story Highlights
  • Dear Life acquired a leased condominium property in Tokyo’s Nakano-ku, funded by internal capital and bank borrowings.
  • The newly acquired asset is expected to have minimal impact on Dear Life’s earnings for the fiscal year ending September 2026.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Dear Life acquires leased condominium asset in Tokyo’s Nakano district

Claim 70% Off TipRanks This Holiday Season

Dear Life Co., Ltd. ( (JP:3245) ) has shared an announcement.

Dear Life Co., Ltd. has acquired a new income-producing condominium property, tentatively named DeLCCS Nakanofujimicho, located in Nakano-ku, Tokyo, a six-minute walk from Nakanofujimicho Station on the Marunouchi Line. The nine-story reinforced concrete building with one basement level has a total floor area of 3,645.68 square meters and was funded through a mix of internal capital and bank borrowings; although the seller and purchase price remain undisclosed under a confidentiality agreement, the company notes there are no special relationships with the seller and expects the rental income from the already-leased asset to have only a minimal impact on its consolidated results for the fiscal year ending September 30, 2026, while committing to disclose any material changes if they arise.

The most recent analyst rating on (JP:3245) stock is a Hold with a Yen1183.00 price target. To see the full list of analyst forecasts on Dear Life Co., Ltd. stock, see the JP:3245 Stock Forecast page.

More about Dear Life Co., Ltd.

Dear Life Co., Ltd. is a Japanese real estate company listed on the Tokyo Stock Exchange Prime Market (securities code 3245), engaged in the acquisition, development and operation of income-producing properties, with a focus on residential assets such as condominiums in urban areas.

Average Trading Volume: 469,926

Technical Sentiment Signal: Buy

Current Market Cap: Yen53.23B

See more insights into 3245 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1