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Star Asia Investment Corp. ( (JP:3468) ) has shared an update.
Star Asia Investment Corporation has fully recovered its investment in mezzanine bonds issued by Akasaka Hotel Godo Kaisha, backed by the Centurion Hotel Grand Akasaka, after the issuer repurchased and cancelled the entire 870 million yen issuance on April 30, 2026. The redemption, triggered by the sale of the underlying hotel asset, has an immaterial impact on current earnings forecasts, and the REIT plans to continue pursuing mezzanine loan investments as a tool for portfolio diversification, efficient capital use, and long-term enhancement of unitholder value.
More about Star Asia Investment Corp.
Star Asia Investment Corporation is a Japanese real estate investment trust focused on income-producing properties and related financial instruments. Through its asset management company, Star Asia Investment Management, it also invests in mezzanine loan debt to diversify assets, enhance interest and dividend income, and support stable distributable profits for unitholders.
Average Trading Volume: 6,757
Technical Sentiment Signal: Hold
Current Market Cap: Yen151.8B
For a thorough assessment of 3468 stock, go to TipRanks’ Stock Analysis page.