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GLP J-REIT ( (JP:3281) ) has shared an announcement.
GLP J-REIT has announced the sale of a real estate trust beneficiary interest in the Tokyo-44 GLP Kashiwa II property for 10,905 million yen. The sale aims to distribute capital gains to unitholders and improve portfolio quality, with proceeds also supporting future property acquisitions and share buybacks. This strategic move is part of GLP J-REIT’s efforts to achieve a new KPI of a 7,000 yen annual dividend per unit, leveraging the current strong market conditions and the company’s substantial unrealized gains.
The most recent analyst rating on (JP:3281) stock is a Hold with a Yen134000.00 price target. To see the full list of analyst forecasts on GLP J-REIT stock, see the JP:3281 Stock Forecast page.
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., specializing in the acquisition, management, and sale of logistics real estate assets to enhance unitholder value.
Average Trading Volume: 11,310
Technical Sentiment Signal: Buy
Current Market Cap: Yen653.9B
For detailed information about 3281 stock, go to TipRanks’ Stock Analysis page.