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Advance Residence Investment ( (JP:3269) ) has issued an update.
Advance Residence Investment Corporation has announced plans to secure new debt financing to repay two existing loans due in February 2025. The refinancing involves two loans of 500 million yen each, sourced from MUFG Bank, Ltd. and The Bank of Fukuoka, Ltd., with repayment scheduled in 2032 and 2034, respectively. This strategic move ensures the stability of its financial operations, maintaining its robust position in the residential 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. 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 as a defensive J-REIT, it offers stable 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: $2.62B
Learn more about 3269 stock on TipRanks’ Stock Analysis page.
