Japan Prime Realty Completes Buyback, Cancels Units Ahead of Investment Split

MT Newswires Live
Jun 17, 2025

Japan Prime Realty Investment (JPR) (TYO:8955) acquired 11,364 of its investment units between Feb. 18 and June 13 for a total of 3.99 billion yen and will cancel them on June 30, according to a Monday filing on the Tokyo Stock Exchange.

The canceled units represent 1.1% of its outstanding units. Following the cancellation, JPR's issued units will drop to 985,814, with no treasury units remaining.

As a result, JPR revised the figures related to its planned three-for-one investment unit split. The post-split number of units will now total 3.94 million, down from the previously estimated 3.99 million.

The REIT said the buyback and cancellation could lift per-unit distribution forecasts for the periods ending June and December 2025 but left current guidance unchanged, citing minimal impact.

The buyback was executed via market purchases on the Tokyo Stock Exchange under a discretionary mandate capped at 14,000 units or 4.00 billion yen.

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