LaSalle LOGIPORT REIT

3466.T
REIT - Industrial
2026/03/02 Updated
Market Cap: $1.8B (¥276.6B)
Stock Price: $987.14 (¥154,000)
Exchange Rate: 1 USD = ¥156.01

Notice on the Completion of Treasury Unit Acquisition and Decision on Matters Concerning Treasury Unit Acquisition and Cancellation (Acquisition of Treasury Units pursuant to Article 80-5 of the Act on Investment Trusts and Investment Corporations and Cancellation of Treasury Units pursuant to Article 80, Paragraphs 2 and 4 of the same Act)

Set the cap on treasury unit acquisition at 11.8 billion yen and extended the acquisition period from March 1, 2026 to February 28, 2027. Treasury units acquired will be cancelled on August 31, 2026.

Importance:
Page Updated: February 26, 2026
IR Disclosure Date: February 26, 2026

Key Figures

  • Total number of units that can be acquired: 84,000 units (cap)
  • Total acquisition price of units: 11,800 million yen (cap)
  • Acquisition period: March 1, 2026 – February 28, 2027

AI要約

Overview of Treasury Unit Acquisition and Cancellation

LaSalle Logiport REIT continues its treasury unit acquisition as part of its capital strategy considering the capital market environment, focusing on capital costs and unit price. The current acquisition period is until October 9, 2026, but approximately 8 billion yen, about 80% of the acquisition cap, has already been purchased, and it is expected to reach the cap by March 2026. Additionally, as a utilization plan for approximately 10 billion yen in proceeds from asset sales, the acquisition cap has been set at a total of 11.8 billion yen, and the acquisition period has been extended until February 28, 2027.

Outlook on Treasury Unit Cancellation and Capital Efficiency Improvement

All treasury units acquired during the fiscal year ending August 2026 are scheduled to be cancelled on August 31, 2026. This cancellation will reduce the total number of outstanding units, which is expected to have an accretive effect on the distribution per unit (DPU). Given the situation where the unit price is below NAV per unit, the policy is to enhance capital efficiency and strengthen returns to investors. Going forward, we will continue active acquisitions at attractive prices, aiming to improve capital efficiency.

This page uses AI to summarize IR materials from TDnet. Please refer to the original document for investment decisions.