Daiwa House REIT Investment Corporation (Daiwa House REIT) has moved to further effect a buy-back mandate that it received to repurchase its own units from the market.

The REIT, which owns a portfolio of 233 mostly logistics assets across Japan, first announced the decision to repurchase the units at its board meeting on 16 April 2024.

This repurchase mandate would improve unitholder value, said the REIT then.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.