An update from Advance Residence Investment ( (JP:3269) ) is now available.
Advance Residence Investment Corporation announced a debt financing decision to borrow 700 million yen from major banks, with the drawdown date set for March 6, 2025. The funds will be used to acquire RESIDIA Minamisunamachi and cover related expenses, reflecting the company’s ongoing strategy to expand its portfolio and strengthen its position in the residential property market.
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. The corporation is known for providing stable dividends and is considered a defensive J-REIT due to its stable income from residential assets and having the largest dividend reserve among J-REITs.
YTD Price Performance: 21.62%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.74B
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