An announcement from Advance Residence Investment ( (JP:3269) ) is now available.
Advance Residence Investment Corporation announced a debt financing plan to borrow funds for repaying a loan due on March 19, 2025. The new loan, amounting to 1,200 million yen, will be drawn from Mizuho Trust & Banking Co., Ltd. and is set to mature on April 12, 2034. This refinancing move is part of the company’s strategy to manage its financial obligations effectively, ensuring continued stability in its operations and maintaining its position as a leading player in the residential property investment sector.
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. The company invests in over 280 rental apartments primarily in central Tokyo and other major cities across Japan, with assets under management exceeding 490 billion yen. Known for its stable dividend potential, it is considered a defensive J-REIT due to its stable income from residential assets and the largest dividend reserve among J-REITs.
YTD Price Performance: 21.62%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.75B
See more data about 3269 stock on TipRanks’ Stock Analysis page.
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