TOKYO, Mar 17 (Pulse News Wire) – CENTRAL REIT Investment Corporation (3488.T) announced today that its board approved the issuance of new investment units through a rights offering. A total of 13,140 new units will be issued at a price of ¥10,000 per unit, raising ¥126.4 billion.
The funds will be used to acquire two properties, "Enio Nagoya Station (partial shareholding)" and "Shimozen K.D. Building," expected to enhance portfolio diversification and increase distribution income. The subscription period for the new units is set for March 25, with payment due on March 27.
The units will be allocated to Meitetsu Urban Development Co., Ltd., which currently holds no shares in the REIT but owns 20% of the asset management company's stock. This move strengthens ties between the sponsor and the REIT, aiming to support sustainable growth and improve long-term investor value. Recent performance shows steady growth, with the latest fiscal year ending August 2025 reporting a net profit of ¥97.29 billion per share.
Key investors remain unchanged post-rights issue, with Nomura Trust Bank holding 15.2% and Mitsubishi UFJ Financial Group Securities maintaining 10%.
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