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GLP J-REIT ( (JP:3281) ) just unveiled an announcement.
GLP J-REIT has announced the sale of three logistics properties, totaling 23.5 billion yen, as part of its strategy to accelerate dividend growth and improve portfolio quality. The proceeds from the sale will be distributed as dividends and used for share buybacks and future property acquisitions, aiming to achieve a 7,000 yen annual dividend per unit sooner than expected.
More about GLP J-REIT
GLP J-REIT is a real estate investment trust focused on logistics properties in Japan. It operates under the management of GLP Japan Advisors Inc., and its primary services include managing and investing in logistics real estate assets, with a focus on enhancing unitholder value through strategic asset sales and acquisitions.
YTD Price Performance: 2.08%
Average Trading Volume: 12,391
Technical Sentiment Signal: Buy
Current Market Cap: Yen588.2B
See more insights into 3281 stock on TipRanks’ Stock Analysis page.