TSE:8951Office REITs
Assessing Nippon Building Fund (TSE:8951) Valuation After Its Discounted Follow On Equity Offering
Nippon Building Fund (TSE:8951) has completed a follow-on equity offering of ¥12.99527 billion, issuing multiple tranches of new units at ¥142,492 per unit, each priced with a ¥4,362 discount.
See our latest analysis for Nippon Building Fund.
The follow on offering comes after a board meeting earlier in January that considered issuing new units, and it lands in a period where momentum has cooled slightly in the short term. While the 7 day share price return is a 3.95% decline, the 90 day...