NIPPON REIT Investment Corporation
Notice Regarding the Determination of Price and Other Matters for New Investment Unit Issuance and Investment Unit Secondary Offering
Issuance of 59,000 new investment units at an issue price of 92,527 yen per unit, totaling approximately 5.46 billion yen. An over-allotment offering of 2,950 units and a third-party allotment with a maximum issue amount of 263,293,400 yen are planned. Payment and delivery dates are March 3 and 4, 2026.
Key Figures
- Number of New Investment Units Issued: 59,000 units (public offering)
- Issue Price (Offering Price): 92,527 yen per unit
- Total Funds Raised (Public Offering + Secondary Offering): Approximately 5.46 billion yen
AI要約
Overview of Capital Policy
Japan REIT Investment Corporation has resolved at the board meeting on February 18, 2026, to conduct a public offering of 59,000 new investment units (issue price of 92,527 yen per unit), a secondary offering of 2,950 units through over-allotment (selling price also 92,527 yen per unit), and new investment unit issuance via third-party allotment (with an upper limit of 263,293,400 yen). The payment date is scheduled for March 3, 2026, and the delivery date for March 4, 2026. The issue price was calculated at a discount rate of 2.50% against the reference price of 94,900 yen as of February 25, 2026.
Use of Proceeds and Future Outlook
Of the funds raised, net proceeds of approximately 5.27 billion yen from the public offering will be allocated to acquisition funds for specified assets scheduled to be acquired on March 6 and March 30, 2026 (CIRCLES Nihonbashi Hamacho, Prime Garden Akatsuka, Hotel Resol Akihabara, THE BASEMENT HOTEL Osaka Honmachi, and the land underneath Keiyu Kawagoe Inter Store). The maximum net proceeds of approximately 260 million yen from the third-party allotment will be held as cash on hand, intended for future specified asset acquisitions and repayment of borrowings. Through this, the corporation aims to expand its asset scale and strengthen its financial base.
