An update from Advance Residence Investment ( (JP:3269) ) is now available.
Advance Residence Investment Corporation has announced a change in the scheduled acquisition date for the real estate trust beneficiary interest in RESIDIA Itabashi, moving it from April 17, 2025, to March 28, 2025. This adjustment, agreed upon by the seller and ADR, will also alter the trust contract period with Sumitomo Mitsui Trust Bank, Limited. Despite this change, the impact on the company’s earnings forecast for the fiscal period ending July 31, 2025, is expected to be negligible, indicating stability in its financial outlook.
More about Advance Residence Investment
Advance Residence Investment Corporation is the largest J-REIT specializing in residential properties, managed by ITOCHU REIT Management Co., Ltd. It invests in over 280 rental apartments primarily in central Tokyo and other major cities in Japan, with assets under management exceeding 490 billion yen. Known for its stable dividend and defensive position, it benefits from stable income from residential assets and holds the largest dividend reserve among J-REITs.
YTD Price Performance: 21.62%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.79B
Learn more about 3269 stock on TipRanks’ Stock Analysis page.