LaSalle LOGIPORT REIT (JP:3466) has released an update.
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LaSalle LOGIPORT REIT has announced the continuation of its investment unit repurchase program and an increase in the repurchase amount to 11,280 million yen, with the objective of enhancing capital efficiency and shareholder value. The repurchase, totaling a maximum of 80,900 units, will occur in the open market and continue until October 14, 2025, unless the maximum repurchase amount or units are reached sooner. This strategic move follows previous resolutions and aims to potentially increase distributions per unit by reducing the total number of outstanding investment units.
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