GLP J-REIT Plans Major Investment Unit Buyback

GLP J-REIT (JP:3281) has released an update.

GLP J-REIT has announced a repurchase of up to 100,000 of its own investment units, with a maximum budget of 13 billion yen, aiming to enhance shareholders’ value by improving key performance indicators. This move is backed by cash from ongoing property sales, marking a significant increase from the previous year’s repurchase plan. The repurchase will occur on the Tokyo Stock Exchange and the units will be canceled by February 28, 2025, to positively impact the company’s distribution per unit and net asset value.

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