September 2017
Astro Japan securityholders vote to sell REIT to Blackstone
Securityholders in the Astro Japan Property Trust have approved the sale of the trust and its $1.1 billion portfolio to private equity giant Blackstone for $430m.
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- Larry Schlesinger
August 2017
Blackstone bid for $1.1b Astro Japan
Private equity giant Blackstone has launched a $436 million takeover bid for the ASX-listed Astro Japan Property Trust.
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- Larry Schlesinger and Nick Lenaghan
March 2017
Astro Japan owners wait for an explanation
What's wrong with an all-cash takeover offer at a near 30 per cent premium to the last close?
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- Edited by Sarah Thompson, Anthony Macdonald and Joyce Moullakis
April 2016
Astro Japan rises on possible sale
Astro Japan Property Group shares surged on Friday after revealing that a sale of some or all of its properties to a new Japanese property trust was under investigation.
- Robert Harley
August 2015
Astro Property Group lifts profit outlook on better quality portfolio
The Astro Japan Property Group forecast a bigger profit in 2016 from its re-jigged portfolio of offices, malls and residential property after reporting a small dip in underlying profit due to an 8.3 per cent fall in property income following a number or asset sales.
- Larry Schlesinger
A-REITs proved a bit more resilient - but only a bit
Real Estate Investment Trusts proved a little more resilient than the broader market in Monday's rout – but not by much.
- Robert Harley
January 2015
Property stocks set to surge further in 2015 on low interest tide
Continued low interest rates and low government bond yields coupled with the relatively high yields offered by property stocks should support further growth in the sector in 2015.
- Larry Schlesinger |
November 2014
REITs post six-month high
Australian real estate trusts changed gear in October, posting their best performance in six months and reversing most of the huge fall experienced in September.
- Mercedes Ruehl
September 2014
Astro Japan Property up on high Tokyo rents
High Tokyo office market rents and low vacancy rates are positive trends for Astro Japan Property Group and shares have gained 25 per cent in six months.
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- Trevor Hoey
March 2014
Astro Japan lifts distributions after small rise in underlying profits
The Astro Japan Property Group (AJA), which owns and managers a near $1 billion portfolio of retail, office and residential properties in Japan, has booked a underlying interim profit of $15.2 million for the six months to December 31.
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- Larry Schlesinger
February 2014
Generation Healthcare dividend rises
Generation Healthcare REIThas recorded a 146 per cent increase in its interim 2014 statutory profit to $3.2 million, including gains in its investment properties and financial derivatives.
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January 2014
Property briefs
CFS Retail Property Trust’s portfolio of 28 shopping centres and discount factory outlet centres recorded sales growth of 1.8 per cent for the 12 months to December 2013 to $6.837 billion.
November 2013
Property briefs
Astro Japan Property Group was forced to withdraw two resolutions changing the agreement with its Japanese manager after a strong negative proxy vote.
January 2013
Property briefs
Astro Japan Property units closed up 2¢ to $3.50 yesterday on Thursday after the group announced the settlement of its debt deal on the seven assets held in its JPT Direct and JPT August vehicles.
January 2013
Astro Japan secures $79.4m in loan, raising
Astro Japan Property Group is undertaking a $25.4 million institutional placement to retain seven of the properties in its debt-plagued portfolio, and secured a $55.3 million five-year non-recourse loan over six properites.
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- Ainslie Chandler
- Opinion
- Opinion
JPMorgan raises for Astro Japan
Astro Japan Property is raising $25.4 million in a placement underwritten by JPMorgan.
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- Sarah Thompson and Anthony Macdonald
August 2012
Astro Japan Property
The Japan-based landlord was hit by a 13 per cent drop in net operating profit to $33.6 million. It expects to pay a 15¢ per security distribution this year if a major portfolio is sold.
February 2012
Europe weighs on refinancing
As Europe’s debt problems reverberate, some companies are exposed to higher borrowing costs and reduced credit availability, Goldman Sachs says.
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- Paulina Duran
September 2011
Risk appetite converts adversity into advantage
Smaller plays are likely to outperform the bigger end of the market this week, with the small cap index rising 0.5 per cent in early trade.
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- Brendon Lau
March 2011
Property deal makers in limbo
Australian property groups with Japanese assets have remained largely unaffected by the devastating earthquake and tsunami events, but power and food shortages as well as erratic public transport services are delaying business deals.
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- Lisa Carapiet