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The latest update is out from Advance Residence Investment ( (JP:3269) ).
Advance Residence Investment Corporation has announced the interest rates for a portion of its planned long-term loans amounting to 4,450 million yen. The loans, which are part of a larger 5,600 million yen borrowing plan, are aimed at ensuring financial stability and supporting long-term growth. This strategic financial maneuver is expected to enhance the corporation’s liquidity and reinforce its position in the real estate investment trust market.
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 focuses on investing in over 280 rental apartments mainly located in central Tokyo and other major Japanese cities, with assets under management exceeding 490 billion yen. Known for its stable long-term dividend, it serves as a defensive J-REIT due to the stable income from residential assets and having the largest dividend reserve among J-REITs.
YTD Price Performance: 14.25%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.64B
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