GLP J-REIT (JP:3281) has released an update.
GLP J-REIT has announced the successful sale of assets with a total sale price 18% above appraisal value, marking the largest gain in the company’s history. Proceeds from the sale will be distributed to unitholders as dividends, with a portion retained for future strategic initiatives such as share buybacks and property acquisitions. The move is part of GLP J-REIT’s strategy to enhance portfolio quality and unitholder value by leveraging its significant unrealized gains and property holdings.
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