TOKYU REIT (JP:8957) has released an update.
TOKYU REIT has announced that its parent company, Tokyu Corporation, plans to acquire up to 48,760 additional investment units of TOKYU REIT between September 17, 2024, and March 31, 2025. This move is part of a capital re-investment strategy aiming to enhance the portfolio quality and support sustainable dividend growth, potentially increasing Tokyu’s ownership in TOKYU REIT to 10%. The initiative is expected to align interests between TOKYU REIT and its sponsor, Tokyu Corporation, to foster medium- to long-term growth.
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