Daiwa House REIT Investment Corporation (TSE:8984) announces a share repurchase program. Under the program, the company will repurchase up to 14,000 shares, representing 0.6% of its share capital, for ¥3,000 million. The program is aimed at improving capital efficiency and providing return to unitholders.

The company plans to cancel all the repurchased investment units in the fiscal period ending August 31, 2024. The program will expire on July 12, 2024. As of April 16, 2024, the company had 2,320,000 shares in issue and had no shares in treasury.