The latest update is out from XYMAX REIT Investment Corp. ( (JP:3488) ).
XYMAX REIT Investment Corporation announced the termination of a lease agreement for its property, Vita Seiseki-Sakuragaoka, with New Urban Life Holdings Inc. and the subsequent establishment of a new lease with XYMAX Corporation, its parent company. This strategic move ensures continuity in rental income and aligns with internal stakeholder transaction rules, potentially enhancing unitholder value by leveraging the sponsor group’s expertise in retail facility operations.
More about XYMAX REIT Investment Corp.
XYMAX REIT Investment Corporation operates in the real estate investment trust (REIT) industry, focusing on managing and leasing domestic real estate properties. Its primary service is asset management, with a market focus on retail facilities.
YTD Price Performance: 3.01%
Average Trading Volume: 962
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: Yen29.01B
See more insights into 3488 stock on TipRanks’ Stock Analysis page.