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The latest update is out from Samty Residential Investment Corp. ( (JP:3459) ).
Samty Residential Investment Corporation has announced the disposition of three properties to maintain and improve the quality of its portfolio. The decision to sell these assets, despite their stable occupancy, was influenced by the potential increase in repair costs due to their age. The sale is expected to contribute to the interests of unitholders by realizing gains and maintaining portfolio profitability, with proceeds set aside as cash on hand.
More about Samty Residential Investment Corp.
Samty Residential Investment Corporation is a real estate investment trust focused on residential properties. It operates under the management of Samty Asset Management Co., Ltd., with a market focus on major regional cities in Japan, aiming for stability, growth potential, and profitability through diversified investments.
YTD Price Performance: 3.25%
Average Trading Volume: 1,310
Technical Sentiment Signal: Buy
Current Market Cap: Yen79.22B
For an in-depth examination of 3459 stock, go to TipRanks’ Stock Analysis page.