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The latest update is out from NIPPON REIT Investment Corp ( (JP:3296) ).
NIPPON REIT Investment Corporation announced a borrowing of 1,000 million yen from Mizuho Bank, Ltd. to repay a loan due in January 2025. This borrowing is unsecured and unguaranteed, featuring a floating interest rate. The company’s total interest-bearing liabilities remain unchanged at 132,620 million yen post-borrowing. The management forecast for the fiscal period ending June 2025 remains unaffected by this borrowing, indicating minimal impact on the company’s financial outlook.
More about NIPPON REIT Investment Corp
NIPPON REIT Investment Corporation is a real estate investment trust that focuses on managing and investing in real estate assets. The company operates within the real estate sector, primarily dealing with the acquisition, management, and leasing of real estate properties, thereby generating rental income and capital gains for its investors.
YTD Price Performance: 1.31%
Average Trading Volume: 6,099
Technical Sentiment Consensus Rating: Buy
Current Market Cap: Yen136.3B
Learn more about 3296 stock on TipRanks’ Stock Analysis page.
