tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

TOKYU REIT Disposes Shimokitazawa Square to Optimize Portfolio

Story Highlights
TOKYU REIT Disposes Shimokitazawa Square to Optimize Portfolio

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1