KDX REIT has decided to transfer the real estate trust beneficiary interest of the KDX Utsunomiya Building for 3,150 million yen, expecting a gain on sale of 1,116 million yen over the expected book value of 2,033 million 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REIT","jir_importance":"\u2605\u2605\u2605\u2606\u2606","jir_publication_date":"2026-04-27","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/04\/8972-20260427-02.pdf","jir_short_summary":"KDX REIT has decided to transfer the real estate trust beneficiary interest of the KDX Utsunomiya Building for 3,150 million yen, expecting a gain on sale of 1,116 million yen over the expected book value of 2,033 million yen.","jir_summary":"### Overview of the Transfer\nKDX REIT has decided to transfer the real estate trust beneficiary interest in the 27-year-old office building 'KDX Utsunomiya Building' located in Utsunomiya City, Tochigi Prefecture, for 3,150 million yen. The transfer price exceeds both the expected book value of 2,033 million yen and the appraised value of 2,650 million yen as of October 2025, and a gain on sale of approximately 1,116 million yen is anticipated. The transfer date is scheduled for April 28, 2026.\n\n### Reason for Transfer and Future Outlook\nAlthough the property has contributed to earnings over a long period, upside in rental income is limited due to its location and scale, and potential future repair cost increases are a concern. Therefore, the transfer was decided to enhance portfolio quality. The gain on sale may be retained internally to support stable medium- to long-term dividend growth, with details to be disclosed at the fiscal year-end announcement for April 2026. The transferee is a domestic non-affiliated company with no capital or personnel relationships.","jir_financial_highlights":"Scheduled Transfer Price: 3,150 million yen (Expected gain on sale of 1,116 million yen over the anticipated book value of 2,033 million yen)\nScheduled Transfer Date: 2026-04-28 (Unknown)\nAppraised Value: 2,650 million yen (Transfer price exceeds appraised value)","jir_category":"","jir_hashtags":"#KDXREIT, #RealEstateTransfer, #JapaneseStocks","jir_key_figures":"Scheduled Transfer Price: 3,150 million yen\nExpected Book Value: 2,033 million yen\nDifference between Scheduled Transfer Price and Expected Book Value: 1,116 million yen (expected gain on sale)","jir_meta_title":"[KDX REIT] Expected Gain on Sale of 1,116 Million Yen from Transfer of KDX Utsunomiya Building\uff5cApril 2026","jir_meta_description":"KDX REIT will transfer the real estate trust beneficiary interest of the KDX Utsunomiya Building for 3,150 million yen, anticipating a gain on sale of 1,116 million yen over the expected book value. The transfer date is scheduled for April 28, 2026.","jir_og_title":"[KDX REIT] Expected Gain on Sale from Transfer of KDX Utsunomiya Building\uff5cApril 2026","jir_og_description":"KDX REIT transfers the KDX Utsunomiya Building for 3,150 million yen, expecting a gain on sale of 1,116 million yen to enhance 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":"business_update","footnotes":""},"sector":[],"importance":[],"class_list":["post-42953","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n