Japan’s Advance Residence Investment Corp Sells Assets
April 27, 2023 – Japan’s Advance Residence Investment said it sold two assets to realise stable dividend payout. The disposition price of both assets will exceed their book value, and the sale is expected to generate a total gain of 1.8 billion yen over two fiscal periods. “We are considering the gain on sale will be temporarily retained as a reserve and used to increase dividends in the future,” said in a statement.
The details of the sales are as follow: