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Advance Residence Investment Corporation Submits Shelf Registration for JPY 100 Billion Bonds

Story Highlights
  • Advance Residence Investment Corporation submitted a shelf registration for bonds.
  • The bond proceeds will fund acquisitions, loans, bonds, deposits, renovations, and capital.
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Advance Residence Investment Corporation Submits Shelf Registration for JPY 100 Billion Bonds

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Advance Residence Investment ( (JP:3269) ) has shared an update.

Advance Residence Investment Corporation has announced the submission of a shelf registration for investment corporation bonds with a maximum issuance amount of JPY 100 billion. The proceeds will be used for acquiring specified assets, repaying loans, redeeming bonds, refunding lease deposits, funding renovations, and working capital, impacting its financial strategy and market positioning.

The most recent analyst rating on (JP:3269) stock is a Hold with a Yen149000.00 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 leading Japanese Real Estate Investment Trust (J-REIT) focused on residential properties. Managed by ITOCHU REIT Management Co., Ltd., part of the ITOCHU Group, it owns rental properties across Japan, mainly in Tokyo’s 23 wards. The corporation is known for its stability and large reserves, aiming to provide long-term, stable dividends.

Average Trading Volume: 5,978

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen466B

Learn more about 3269 stock on TipRanks’ Stock Analysis page.

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