Star Asia Investment Corp. ( (JP:3468) ) has shared an update.
Star Asia Investment Corporation has announced the additional acquisition of a retail property, ‘abeno nini (Retail),’ in Osaka. This acquisition is expected to enhance the liquidity and asset value of the property, contributing to stable income in the medium to long term. Despite a lower NOI yield compared to the company’s total portfolio, the acquisition is strategically beneficial due to its location and the use of cash on hand for financing.
More about Star Asia Investment Corp.
Star Asia Investment Corporation operates as a Real Estate Investment Trust (REIT) focusing on acquiring and managing real estate properties. The company is involved in the retail, hotel, and residential sectors, with a particular emphasis on properties in strategic locations such as Osaka, Japan.
YTD Price Performance: 8.17%
Average Trading Volume: 8,667
Technical Sentiment Signal: Strong Sell
Current Market Cap: Yen145.6B
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