MIRAI Corporation ( (JP:3476) ) has issued an update.
MIRAI Corporation has announced the disposition and lease cancellation of two properties, Shibuya World East Building and Mi-Nara, as part of its asset replacement strategy to enhance distributions per unit according to its Mid-Term Management Plan 2025. The proceeds from this disposition will be used to acquire more profitable properties, reflecting a strategic shift towards improving profitability amidst market fluctuations and challenges faced during the COVID-19 pandemic. This move is expected to align MIRAI’s assets with its growth strategy while addressing challenges in the profitability of existing properties.
More about MIRAI Corporation
MIRAI Corporation operates in the real estate investment trust (REIT) industry, focusing on real estate trust beneficiaries in Japan. The company is managed by Mitsui Bussan & IDERA Partners Co., Ltd., which oversees portfolio management strategies aligned with market conditions.
YTD Price Performance: 0.49%
Average Trading Volume: 5,586
Technical Sentiment Consensus Rating: Hold
Current Market Cap: Yen78.21B
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