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TOKYU REIT ( (JP:8957) ) has issued an announcement.
TOKYU REIT, Inc. announced the disposition of its Shimokitazawa Square property in Tokyo to Sumitomo Corporation for ¥2,687 million, exceeding its book value. This strategic decision aligns with TOKYU REIT’s efforts to optimize its portfolio amid stagnant market rents and anticipated repair costs, allowing the company to potentially reinvest in alternative properties or manage financial obligations.
The most recent analyst rating on (JP:8957) stock is a Buy with a Yen215232.00 price target. To see the full list of analyst forecasts on TOKYU REIT stock, see the JP:8957 Stock Forecast page.
More about TOKYU REIT
TOKYU REIT, Inc. operates in the real estate investment trust (REIT) industry, focusing on managing and investing in a diversified portfolio of real estate properties. The company aims to enhance the quality of its portfolio by considering market trends and growth potential, primarily within the Japanese real estate market.
Average Trading Volume: 2,916
Technical Sentiment Signal: Buy
Current Market Cap: Yen191.6B
For detailed information about 8957 stock, go to TipRanks’ Stock Analysis page.