GLP J-REIT Borrows ¥41bn to Buy Warehouses Below Appraisal, Lifts Payout Forecast
GLP J-REIT is taking on ¥41bn in new bank debt to close a ¥40.7bn purchase of three warehouses priced around 8% below appraisal, and using CPI-linked rents to push its distribution forecast for the year to February 2027 up 3% and its underlying rent-growth target well past its own medium-term goal.