The latest update is out from Kenedix Office Investment Corporation ( (JP:8972) ).
Kenedix Office Investment Corporation announced the disposition of the KDX Higashi-Shinagawa Building, a 32-year-old office property, as part of its strategy to improve portfolio quality and yield. The decision was driven by the property’s declining profitability and market competitiveness, with the anticipated sale price exceeding both the book and appraisal values, ensuring a gain on the sale.
More about Kenedix Office Investment Corporation
Kenedix Office Investment Corporation operates in the real estate investment trust (REIT) industry, focusing primarily on managing and investing in office properties. The company is managed by Kenedix Real Estate Fund Management, Inc., which specializes in strategic planning and asset management for listed REITs.
YTD Price Performance: 5.65%
Average Trading Volume: 1
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €3.89B
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