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Mitsubishi Estate Logistics REIT Investment Corp. ( (JP:3481) ) has provided an announcement.
Mitsubishi Estate Logistics REIT Investment Corporation announced the acquisition of a 16.7% TK Equity Interest in MRB1 GK, involving logistics properties Logicross Hasuda and Logicross Kasukabe. This acquisition is part of MEL’s strategy to enhance its portfolio through a flexible external growth strategy, utilizing a bridge fund to secure additional properties and maintain negotiation rights. The investment is expected to yield a 6.0% profit dividend, contributing to improved capital efficiency and stable cash flow from fully occupied logistics facilities.
More about Mitsubishi Estate Logistics REIT Investment Corp.
Mitsubishi Estate Logistics REIT Investment Corporation (MEL) operates in the real estate investment trust (REIT) industry, focusing on logistics facilities. It leverages Mitsubishi Estate’s development capabilities and Mitsubishi Jisho Investment Advisors’ asset management expertise to manage and grow its portfolio, aiming for stable asset management and maximizing unitholder value.
YTD Price Performance: 4.26%
Average Trading Volume: 3,981
Technical Sentiment Signal: Sell
Current Market Cap: Yen177B
For a thorough assessment of 3481 stock, go to TipRanks’ Stock Analysis page.