LaSalle Logiport REIT (TYO:3466) terminated its earlier buyback plan and launched a new program to repurchase and cancel units trading below 0.9 times NAV, according to a Monday filing on the Tokyo Stock Exchange.

The previous plan, which ran from October 2024, was underused as unit prices remained above the buyback range. Only about 10% of the targeted amount was repurchased.

The REIT said it will now focus on acquiring undervalued units to enhance distributions and capital efficiency.

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