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Japan Retail Investment ( (JP:8953) ) has issued an announcement.
Japan Metropolitan Fund Investment Corporation has announced the disposition of two properties, JMF-Bldg. Jingumae 01 and JMF-Bldg. Toyocho 02, at prices above their book values, resulting in gains on sale. This strategic move aims to enhance the Net Asset Value (NAV) and maximize unitholder value by eliminating unrealized losses and returning gains to unitholders. The favorable yields from the booming office trading market have facilitated this decision, and JMF plans to reinvest the proceeds into new assets or its own investment units, continuing its strategy of returning gains to unitholders.
The most recent analyst rating on (JP:8953) stock is a Buy with a Yen100000.00 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 mixed-use and office properties in Japan. It is managed by KJR Management and is listed on the Tokyo Stock Exchange.
Average Trading Volume: 18,716
Technical Sentiment Signal: Buy
Current Market Cap: Yen733.7B
Learn more about 8953 stock on TipRanks’ Stock Analysis page.