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Advance Residence Investment ( (JP:3269) ) just unveiled an announcement.
Advance Residence Investment Corporation announced its decision to enter into interest rate swap agreements to hedge against interest rate fluctuations on a 500 million yen loan. This move is aimed at maintaining financial stability and safeguarding its long-term financial strategy by fixing the loan’s interest rate at 1.35435%, which could enhance its position in the real estate 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 mainly in central Tokyo and other major Japanese cities, with assets under management exceeding 490 billion yen. Known for its stable dividend and defensive nature, ADR benefits from stable income from its residential assets.
YTD Price Performance: 21.62%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.57B
Learn more about 3269 stock on TipRanks’ Stock Analysis page.
