Source disclosure: February 19, 2026
SANKEI REAL ESTATE Inc. [2972.T]
TOKYO (Feb. 19, 2026) — Sankei Real Estate Co., Ltd.'s board has endorsed and recommended to shareholders that they tender their shares as part of an open offer initiated by two investment partnerships, Tiger Investment Business Limited Partnership and Lion Investment Business Limited Partnership. The companies have decided to extend the tender offer period until March 6, 2026, making it a total of 40 business days.
The announcement was made based on a request from Tiger Investment Business Limited Partnership and Lion Investment Business Limited Partnership, which began their tender offer for Sankei Reit's units on January 7, 2026. This extension aims to provide additional time for investors to make informed decisions regarding the tender offer. According to the revised terms, the purchase price remains unchanged at ¥125,000 per unit; however, the extension will allow investors who hold units during the February distribution payment date to receive both the distribution amount and the tender offer price simultaneously.
Sankei Reit’s management believes this extended period enhances shareholder value and maximizes collective investor interests. In a statement released on January 6, 2026, the company's executive committee concluded that the proposed transaction conditions were fair and beneficial for its stakeholders. The decision was reached after thorough deliberations and negotiations involving Tosei Asset Advisors, Toei Corporation, and the GIC Group since November 20, 2025. As a result, the parties agreed upon a tender offer price of ¥125,000 per unit.
Furthermore, the board highlighted that the extension would ensure fairness among all investors. Previously, those participating in the tender offer would not be eligible for the February distribution payment due to the settlement timing post-offer acceptance. However, with the extended tender period, investors holding units on the February distribution payment date can now benefit from both the distribution and the tender offer price. This adjustment ensures that all investors receive an equivalent increase in their proceeds by ¥2,773 per unit, representing the February distribution amount.
For reference, the February distribution amount is based on the forecasted figures disclosed by Sankei Reit on October 16, 2025, in its "Interim Report for August 2025." While these forecasts may change, they do not guarantee future distributions. Investors should note that the final distribution amounts could vary depending on actual performance outcomes.
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