Sekisui House Reit (JP:3309) has released an update.
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Sekisui House Reit has announced a buyback program for up to 35,000 of its investment units, representing 0.8% of the total, with the aim of boosting the Net Asset Value per unit and enhancing unitholder value. The buyback is scheduled to take place between December 17, 2024, and March 31, 2025, and all acquired units will be canceled by the end of the fiscal period in April 2025. The move is part of SHR’s strategy to improve portfolio profitability amid a period of undervalued investment unit prices.
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