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KDX Realty Investment Corrects Floor Area and Earthquake Risk Data in Prior Property Disclosures

Story Highlights
  • KDX Realty Investment corrected floor area and leasing figures for the Nichii Home Himonya nursing home asset, slightly reducing the reported size.
  • The REIT also revised the earthquake PML for the Inageya Shin-yuri Yonetty Ouzenji-mae retail facility upward, signaling higher assessed seismic risk than first disclosed.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
KDX Realty Investment Corrects Floor Area and Earthquake Risk Data in Prior Property Disclosures

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Kenedix Office Investment Corporation ( (JP:8972) ) has issued an announcement.

KDX Realty Investment Corporation has issued corrections to past disclosure documents regarding certain property acquisitions, revising key technical data for a nursing home asset and a retail facility. For the Nichii Home Himonya property, the building gross floor area and both the total leasable and leased areas were slightly reduced to 1,834.43 square meters, aligning the tenant-related figures with the corrected building size. Separately, for the Inageya Shin-yuri Yonetty Ouzenji-mae retail facility, the reported Probable Maximum Loss (PML) from earthquakes was adjusted significantly upward from 2.7% to 8.1%, indicating a higher assessed seismic risk than previously disclosed and underscoring the importance of accurate risk metrics for investors evaluating the REIT’s portfolio resilience.

The most recent analyst rating on (JP:8972) stock is a Buy with a Yen201592.00 price target. To see the full list of analyst forecasts on Kenedix Office Investment Corporation stock, see the JP:8972 Stock Forecast page.

More about Kenedix Office Investment Corporation

KDX Realty Investment Corporation is a Japanese listed real estate investment trust (REIT) focused on acquiring, managing, and operating income-producing properties such as retail facilities, hotels, and specialized assets like nursing homes, with asset management handled by Kenedix Real Estate Fund Management, Inc. The REIT targets stable, long-term returns for investors through diversified property holdings and professional management in Japan’s commercial real estate market.

Average Trading Volume: 8,760

Technical Sentiment Signal: Buy

Current Market Cap: Yen683.4B

See more insights into 8972 stock on TipRanks’ Stock Analysis page.

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