Star Asia Investment (TYO:3468)is transferring the domestic real estate trust beneficial interest of Urban Park Imazato for 1.42 billion yen, with an expected gain-on-sale of 442 million yen, effective April 24.
This gain is intended to be distributed to unitholders, while the remaining proceeds will be considered for share buybacks or mezzanine loan debt investments, according to its Tokyo bourse filing last Friday.
The transfer aims to maximise unitholders' interests by realizing the property's value, although it has increasing restoration and repair costs due to its age.
Changes to the management status forecasts for the fiscal periods ending July 31, 2025, and Jan. 31, 2026, will be announced separately, read the filing.
Price (JPY): $53800.00, Change: $+400, Percent Change: +0.75%
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。