Acquisition target asset: KDX Logistics Sapporo Kita (underlying land) for 1,165 million yen; appraisal value 1,290 million yen. Disposition target asset: Primam ham Kinki Center for 1,130 million yen; appraisal value 1,107 million yen. Both transactions aim to improve portfolio quality.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"8972","jir_company_name":"KDX Real Estate Investment Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-08-27","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/08\/8972-20260827-01.pdf","jir_short_summary":"Acquisition target asset: KDX Logistics Sapporo Kita (underlying land) for 1,165 million yen; appraisal value 1,290 million yen. Disposition target asset: Primam ham Kinki Center for 1,130 million yen; appraisal value 1,107 million yen. Both transactions aim to improve portfolio quality.","jir_summary":"### Overview of acquisition and disposition\nKDX Real Estate Investment Corporation has decided to acquire and dispose of domestic real estate trust beneficiary rights through its asset management company. The asset to be acquired is KDX Logistics Sapporo Kita (underlying land); the asset to be disposed is Primam Ham Kinki Center. Acquisition price 1,165 million yen, appraised value 1,290 million yen; disposition price 1,130 million yen, appraised value 1,107 million yen. Funding for acquisition will be from internal funds, and disposition will use internal funds. Going forward, the aim is to enhance portfolio quality and profitability through continued portfolio replacement.\n\n### Portfolio strategy and risk considerations\nThis transaction aligns with the portfolio construction policy, combining acquisition of underlying land with long-term rent growth potential and disposal of logistics facilities with limited future earnings growth potential as an asset replacement for medium- to long-term earnings growth. Considering terms such as CPI-linked underlying land contracts and master lease agreements, long-term rent growth is expected. While there are cautions regarding relationships with the disposal counterparties and boundary verifications, boundary checks are planned to be carried out promptly moving forward.","jir_financial_highlights":"Acquisition price (underlying land): 1,165 \u767e\u4e07\u5186 (unknown)\nAppraised value (underlying land): 1,290 \u767e\u4e07\u5186 (unknown)\nDisposition price (Kinki Center): 1,130 \u767e\u4e07\u5186 (\u5dee\u984d20\u767e\u4e07\u5186)\nAppraised value (Kinki Center): 1,107 \u767e\u4e07\u5186 (unknown)\nOutlook on operating performance: minor (unknown)","jir_category":"","jir_hashtags":"#KDX Real Estate Investment Corporation, #Implementation of asset replacement, #Portfolio strategy","jir_key_figures":"Acquisition target asset KDX Logistics Sapporo Kita (underlying land) Acquisition price 1,165 \u767e\u4e07\u5186\nDisposition target asset Primam Ham Kinki Center Disposition price 1,130 \u767e\u4e07\u5186\nAppraised value Underlying land 1,290 \u767e\u4e07\u5186, Kinki Center 1,107 \u767e\u4e07\u5186","jir_meta_title":"\u3010KDX Real Estate Investment Corporation\u3011Decision on Acquisition and Disposition of Domestic Real Estate Trust Beneficiary Rights | August 2026","jir_meta_description":"KDX Real Estate Investment Corporation decides on the acquisition of KDX Logistics Sapporo Kita (underlying land) and the disposition of Primam Ham Kinki Center. Key points include appraisal values, transaction timing, funding use, and impact on portfolio.","jir_og_title":"\u3010KDX Real Estate Investment Corporation\u3011Decision on Acquisition and Disposition | August 2026","jir_og_description":"KDX Real Estate Investment Corporation announces acquisition of underlying land and disposal of a property. Explains appraisal values, acquisition\/disposition prices, and strategy to improve portfolio quality.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":7708,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"corporate_restructuring","footnotes":""},"sector":[],"importance":[],"class_list":["post-107667","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n