An announcement from Advance Residence Investment ( (JP:3269) ) is now available.
Advance Residence Investment Corporation announced a debt financing arrangement to borrow 2,000 million yen from major banks, including MUFG Bank, Sumitomo Mitsui Trust Bank, and Mizuho Bank. The funds will be used to acquire RESIDIA Itabashi and cover related expenses, with the loan scheduled for drawdown on March 28, 2025. This move is expected to enhance ADR’s portfolio and maintain its stable income stream, reinforcing its position as a leading residential J-REIT.
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 across Japan, with assets under management exceeding 490 billion yen. Known for its stable dividend and defensive nature, ADR benefits from steady 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: $2.83B
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