Japan Real Estate Investment Corp Placement - An Acquisition Out of the Blue

APAC IPOs & Placements

Zhen Zhou, Toh

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Capital Markets

Japan Real Estate Investment / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/16867" target="_blank" data-smartkarma-citation="entities:16867:1">Japan Real Estate Investment Corp (8952 JP)</a> (JREIC) is raising US$366m through the issuance of primary shares to acquire interests in two properties.The deal scores well on our framework owing to its strong price and earnings momentum. According to the revised forecast, the company is expecting the new stake in Shinjuku Front Tower and an additional stake in Shinjuku Eastside Square to be accretive to its DPU.Past placements performance has been good, returning an average of 6.3% over a…

Japan Real Estate Investment Corp (8952 JP) (JREIC) is raising US$366m through the issuance of primary shares to acquire interests in two properties.The deal scores well on our framework owing to its strong price and earnings momentum. According to the revised forecast, the company is expecting the new stake in Shinjuku Front Tower and an additional stake in Shinjuku Eastside Square to be accretive to its DPU.Past placements performance has been good, returning an average of 6.3% over a…

Japan Real Estate Investment Corp Placement - Accretive Acquisition and Past Deals Have Done Well