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TYO:8972

5 stories mentioning TYO:8972Updated 1d ago

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Asia

KDX Realty Investment's Net Income Up 0.4% in Six Months Ended April

KDX Realty Investment's (TYO:8972)net income rose 0.4% to 17 billion yen for the six months ended April 30, from nearly 17 billion yen in the prior half-year period.The REIT's earnings per unit increased to 4,218 yen from 4,202 yen in the previous six-month period, according to a Tokyo bourse filing on Wednesday.Operating revenues slipped 0.1% to 39.8 billion yen from 39.9 billion yen in the prior half-year period.It declared a distribution of 4,166 yen per unit for the fiscal period, payable from July 17.For the fiscal period ending Oct. 31, the REIT expects net income of 15.9 billion yen, distribution per unit of 4,227 yen, and operating revenues of 40.1 billion yenFor the fiscal period ending April 30, 2027, the REIT expects net income of 16.1 billion yen, distribution per unit of 4,227 yen, and operating revenues of 39.9 billion yen.

TYO:8972
Asia

KDX Realty to Divest Osaka Retail Facility

KDX Realty Investment's (TYO:8972) asset manager has decided to dispose of a property known as Life Takadono (Land) for an anticipated price of 3.69 billion yen, according to a Tokyo bourse filing on Monday.The property, located in Osaka's Asahi-ku and leased to a supermarket chain tenant, has generated stable cash flow but offers limited upside for rent growth.The disposal, scheduled for Dec. 1, is expected to yield a gain of 330 million yen above the assumed book value.

TYO:8972
Asia

KDX Realty Investment to Sell Retail Land for 3.69 Billion Yen

KDX Realty Investment (TYO:8972) agreed to sell its Life Takadono land in Osaka, Japan, to Hankyu Hanshin REIT (TYO:8977) for 3.69 billion yen, according to a Monday Tokyo bourse filing.The property, which is land leased to a supermarket operator in the Tokyo metropolitan area, is priced 330 million yen above the assumed book value of 3.36 billion yen.The proceeds from the transaction will be used to improve portfolio quality through asset reshuffling, the filing said.The sale is scheduled to be completed on Dec. 1, according to KDX.

TYO:8972TYO:8977
Asia

KDX Realty Investment Extends 16.5 Billion Yen Commitment Line Termination Date by One Year to April 2027

KDX Realty Investment (TYO:8972) extended its 16.5 billion yen commitment line agreement with six major banks, moving the termination date from April 30, 2026, to April 30, 2027.The REIT said the syndication-type commitment line remains unsecured and unguaranteed, with a contract period covering May 1, 2026 to April 30, 2027, according to a Tokyo bourse filing on Friday.The six lenders - Sumitomo Mitsui Banking, MUFG Bank, Mizuho Bank, Sumitomo Mitsui Trust Bank, Resona Bank, and Mizuho Trust & Banking - serve as counterparties to the facility.

TYO:8972
Asia

KDX Realty Investment Secures 2.67 Billion Yen Green Loan for Debt Refinancing

KDX Realty Investment (TYO:8972) said it will undertake debt financing of 2.67 billion yen through a green loan to refinance existing borrowings, according to a Friday filing on the Tokyo Stock Exchange.The Series 0050 loan will be provided by Sumitomo Mitsui Banking with an interest rate set at one-month yen TIBOR plus 0.125%, with a contract date of April 17, drawdown on April 21, and maturity on April 30, 2027.The borrowing will be unsecured and unguaranteed, with the principal repaid in full at maturity. Proceeds will be used to refinance existing debt due on April 21, 2026.

TYO:8972

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