-- Sankei Real Estate (TYO:2972) will reduce unitholders' capital without compensation to offset losses tied to an impairment on a property, according to a Tuesday filing on the Tokyo Stock Exchange.
The real estate investment trust will deduct 4.01 billion yen in undisposed losses for the fiscal period ended February 2026 from unitholders' capital.
The move follows the recognition of an impairment loss on the Fukuoka Green Building and aims to prevent the loss from being carried forward, allowing the REIT to resume profit distributions from the fiscal period ending August 2026.
The capital reduction will not involve any cash refund and will not change the number of issued investment units.