TSE:3296REITs
NIPPON REIT Investment (TSE:3296) valuation check after Tokyo portfolio upgrade with CIRCLES Nihonbashi Hamacho deal
NIPPON REIT Investment (TSE:3296) is shaking up its Tokyo portfolio by selling the ageing Kudankita 325 office building and buying the newer CIRCLES Nihonbashi Hamacho, aiming for fresher assets, steadier income and better tax efficiency.
See our latest analysis for NIPPON REIT Investment.
These portfolio upgrades and boardroom changes come against a backdrop of steady momentum, with a roughly 30 percent year to date share price return and a robust 12 month total shareholder return above 40...