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Mitsubishi Estate Logistics REIT Investment Corp. ( (JP:3481) ) has provided an announcement.
Mitsubishi Estate Logistics REIT Investment Corporation has announced the repurchase of 2,886 of its own investment units, totaling approximately 337.66 million yen, through open-market transactions on the Tokyo Stock Exchange. This move is part of a broader strategy approved by the board to repurchase up to 30,000 units, or 2% of total outstanding units, by July 31, 2025, potentially impacting the company’s market positioning and investor relations.
More about Mitsubishi Estate Logistics REIT Investment Corp.
Mitsubishi Estate Logistics REIT Investment Corporation operates within the real estate investment trust (REIT) sector, focusing on logistics properties. The company is involved in acquiring, managing, and leasing logistics facilities, primarily in Japan, aiming to generate stable income and growth for its investors.
YTD Price Performance: 4.09%
Average Trading Volume: 4,235
Technical Sentiment Signal: Sell
Current Market Cap: Yen176.7B
For a thorough assessment of 3481 stock, go to TipRanks’ Stock Analysis page.