Japan Logistics Fund, Inc. ( (JP:8967) ) just unveiled an announcement.
Japan Logistics Fund, Inc. announced the acquisition of the Inzai Logistics Center for 1,313 million yen, reflecting an 8.2% discount from its appraisal value, and the disposition of the Komaki Logistics Center for 2,350 million yen, generating a notable difference from its book value. This strategic transaction aims to enhance the company’s asset portfolio and improve operational efficiency, potentially impacting its market positioning and offering benefits to stakeholders.
More about Japan Logistics Fund, Inc.
Japan Logistics Fund, Inc. operates as a Real Estate Investment Trust (REIT) focusing on logistics facilities. Managed by Mitsui & Co., Logistics Partners Ltd., the company invests in and manages logistics properties in Japan, aiming to optimize asset value and provide stable returns to investors.
YTD Price Performance: 4.72%
Average Trading Volume: 7
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €1.49B
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