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Advance Residence Investment ( (JP:3269) ) has shared an announcement.
Advance Residence Investment Corporation announced a split of its investment units to align with the New NISA tax exemption program, aiming to increase investor accessibility and enhance market liquidity. The split will double the number of investment units, and subsequently, the forecasted dividend per unit for the fiscal period ending July 2025 has been revised upwards, reflecting an effective increase in dividends, potentially benefiting investors.
More about Advance Residence Investment
Advance Residence Investment Corporation is the largest J-REIT focusing on residential properties in Japan. Managed by ITOCHU REIT Management Co., Ltd. of the ITOCHU Group, it invests in over 280 rental apartments primarily in central Tokyo and other major cities, with assets under management exceeding 490 billion yen. Known for its stability, it offers long-term dividends and is regarded as a defensive investment due to its stable income from residential assets.
YTD Price Performance: 0.30%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.66B
For detailed information about 3269 stock, go to TipRanks’ Stock Analysis page.
