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Advance Residence Investment ( (JP:3269) ) has provided an update.
Advance Residence Investment Corporation has completed the delivery related to the partial disposition of real estate in Japan, specifically part of the land of RESIDIA Azabujuban II, due to land expropriation. The disposition, priced at 155 million yen, was previously announced and involves Minato-ku, Tokyo. This transaction reflects ADR’s strategic asset management and may impact its portfolio and stakeholder interests.
The most recent analyst rating on (JP:3269) stock is a Buy with a Yen370000.00 price target. To see the full list of analyst forecasts on Advance Residence Investment stock, see the JP:3269 Stock Forecast page.
More about Advance Residence Investment
Advance Residence Investment Corporation is a prominent J-REIT focused on residential properties, managed by ITOCHU REIT Management Co., Ltd. It owns rental properties across Japan, with a concentration in Tokyo’s 23 wards. The company aims to offer long-term, stable dividends by leveraging the stability of residential assets and maintaining the largest reserve among J-REITs.
Average Trading Volume: 5,881
Technical Sentiment Signal: Buy
Current Market Cap: Yen453.7B
See more insights into 3269 stock on TipRanks’ Stock Analysis page.