Japan Retail Investment (JP:8953) has released an update.
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Japan Metropolitan Fund Investment Corporation has strategically acquired four properties with a total value of 57 billion yen, achieving an average unrealized gain ratio of over 17% and an NOI yield of 4.7%. The acquisitions are part of JMF’s portfolio optimization in response to changes in the real estate market, such as e-commerce and remote working trends. These investments are expected to contribute to an increase in JMF’s total return by driving up DPU and NAV through internal growth initiatives in urban locations.
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