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The latest announcement is out from Japan Retail Investment ( (JP:8953) ).
Japan Metropolitan Fund Investment Corporation (JMF) has announced the sale of its property, JMF-Bldg. Akasaka 01, for 7,700 million yen, significantly above its appraisal and book values. This strategic move is expected to generate a gain of approximately 3.1 billion yen, which will be returned to unit holders over the next six fiscal periods. The proceeds from the sale will be used to repay borrowings and invest in more profitable assets, aligning with JMF’s strategy to enhance returns and growth potential.
The most recent analyst rating on (JP:8953) stock is a Buy with a Yen127891.00 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) operates in the real estate investment industry, focusing on managing and investing in properties across Japan. The company primarily deals with office assets and aims to enhance total returns through strategic asset management and sales.
Average Trading Volume: 16,830
Technical Sentiment Signal: Buy
Current Market Cap: Yen820B
For a thorough assessment of 8953 stock, go to TipRanks’ Stock Analysis page.