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The latest announcement is out from Mitsubishi Estate Logistics REIT Investment Corp. ( (JP:3481) ).
Mitsubishi Estate Logistics REIT Investment Corporation announced the acquisition of a logistics facility in Osaka, enhancing its portfolio with a property valued below appraisal. This strategic acquisition is expected to contribute to MEL’s steady growth, profitability, and unitholder value by utilizing its hybrid model of leveraging competitive advantages in development and asset management.
More about Mitsubishi Estate Logistics REIT Investment Corp.
Mitsubishi Estate Logistics REIT Investment Corporation (MEL) is a real estate investment trust focusing on logistics facilities. It leverages the competitive advantages of its sponsor, Mitsubishi Estate Co., Ltd., and its asset management company, Mitsubishi Jisho Investment Advisors, Inc., to manage and grow its portfolio.
YTD Price Performance: 3.64%
Average Trading Volume: 4,155
Technical Sentiment Signal: Buy
Current Market Cap: Yen172.9B
For an in-depth examination of 3481 stock, go to TipRanks’ Stock Analysis page.