KDX Realty Investment Corporation [8972.T]
TOKYO, Jun 25 (Pulse News Wire) – KDX Realty Investment Corporation (8972.T) announced asset replacements aimed at enhancing portfolio profitability and maximizing total returns for the fiscal year ending October 2026 and beyond. The company acquired a residential facility in central Tokyo and plans to acquire a logistics facility near Fukuoka Airport by June 25, 2026 and July 01, 2026, respectively.
The residential property, located in Tokyo's 23 special wards, features high-end family units and is expected to benefit from strong rental demand. The logistics facility, situated close to Fukuoka Airport, offers superior access to consumer markets and robust leasing prospects. Both assets are anticipated to improve NOI yields and contribute positively to investor value. Additionally, KDX Realty intends to sell two commercial facilities with long-term fixed leases. Acrosso Plaza Nishiyodori and Life Takaten Shopping Center, along with their underlying land, are scheduled for sale by June 08, 2026 and December 01, 2026, respectively. The transactions aim to maximize capital gains and enhance per-share earnings.
The acquisition prices are set at ¥2.830 billion and ¥4.598 billion, while the appraisal values are ¥3.010 billion and ¥4.630 billion. The estimated sales proceeds from the disposals amount to approximately ¥900 million, with appraisal values of ¥3.520 billion through ¥222 million and book values of ¥3.360 billion through ¥4.350 billion. Detailed appraisals were conducted based on valuation dates of June 1, 2026, for acquisitions and April 30, 2026 for disposals. The logistics facility, which includes two buildings, was valued at ¥4.630 billion with an NOI yield of 4.1%. The residential property, completed in January 1988, has an appraisal value of ¥3.010 billion and an NOI yield of 4.2%. Both properties are currently fully occupied.
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