An update from Advance Residence Investment ( (JP:3269) ) is now available.
Advance Residence Investment Corporation announced its decision to enter into interest rate swap agreements to hedge against interest rate fluctuations for a 500 million yen loan. This strategic move aims to stabilize the interest rate at 1.426% for a long-term loan, enhancing financial predictability and potentially benefiting stakeholders by mitigating interest rate risks.
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 Japanese cities, with assets under management exceeding 490 billion yen. The corporation is known for its stable dividend and is considered a defensive J-REIT due to its stable income from residential assets and substantial dividend reserves.
YTD Price Performance: 21.62%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.74B
See more data about 3269 stock on TipRanks’ Stock Analysis page.