Japan Metropolitan Fund to Boost Stakes in Two Private Residential REITs

Japan Retail Investment ( (JP:8953) ) has provided an announcement.

Japan Metropolitan Fund Investment Corporation has decided to further expand its exposure to Japan’s residential real estate sector by acquiring additional investment units in two private residential REITs, Nisshin Private Residential Reit (NSPR) and Hoosiers Private REIT Investment Corporation (HPR), from Mizuho Securities. JMF will buy 960 new NSPR units for 1,199 million yen and 800 new HPR units for 877 million yen, funded with cash on hand, as part of capital increases by the two vehicles to finance the acquisition of a total of eight new residential properties. The move builds on JMF’s existing strategy of supporting the growth of these unlisted REITs through ongoing unit purchases, which has already led to expansion in their asset bases and improved dividend yields, and JMF expects the latest acquisitions to further strengthen the stability and growth of its own distributable income and enhance value for its unitholders while keeping its real estate ratio at or above 70% of total assets.

The most recent analyst rating on (JP:8953) stock is a Hold with a Yen113000.00 price target. To see the full list of analyst forecasts on Japan Retail Investment stock, see the JP:8953 Stock Forecast page.

More about Japan Retail Investment

Japan Metropolitan Fund Investment Corporation (JMF) is a Tokyo-listed real estate investment trust focused on Japanese property assets, managed by KJR Management. Its portfolio strategy emphasizes high-quality, high-yield residential and other real estate, with a policy of maintaining at least 70% of total assets in real estate and related investments, and it actively uses stakes in private residential REITs to enhance income stability and growth for its unitholders.

Average Trading Volume: 12,711

Technical Sentiment Signal: Buy

Current Market Cap: Yen881.1B

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