Nippon Hotel & Residential Investment Corporation
Notice Regarding Disposal of Domestic Real Estate and Termination of Lease (Ooedo Onsen Monogatari Premium Atami)
The fund will dispose of Ooedo Onsen Monogatari Premium Atami as part of a portfolio review, and plans to reflect disposal gains of 491 million yen in distributions for the fiscal period ending May 2027. Remaining funds will be considered for acquisition of new properties and domestic real estate trust beneficiary interests.
Key Figures
- Disposal Gain (Estimated): 491 million yen
- Scheduled Disposal Date: 2026-12-11
- Forecast Distribution per Unit: FY ending November 2026 2,017 yen
- Forecast Distribution per Unit: FY ending May 2027 3,000 yen
AI要約
Key Points
The fund will dispose of Ooedo Onsen Monogatari Premium Atami to improve the portfolio's average building age and return the estimated disposal gain of 491 million yen to distributions for the fiscal period ending May 2027. The disposal gain will be allocated to current distributions, and remaining funds will be used to acquire new properties.
Outlook and Capital Allocation
To improve capital efficiency and address interest rate rise risks, incorporating increases in variable rents, distributions are expected to be raised to 2,017 yen per unit for the fiscal period ending November 2026 and to 3,000 yen per unit for the fiscal period ending May 2027. The fund will also consider acquiring domestic real estate trust beneficiary interests to promote asset rotation and portfolio risk diversification.
Nippon Hotel & Residential Investment Corporation
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