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An update from Advance Residence Investment ( (JP:3269) ) is now available.
Advance Residence Investment Corporation announced its plans to secure debt financing, including a green loan, to repay an existing loan due at the end of January 2025. This financing move supports ADR’s commitment to ESG principles and strengthens its financial base through green finance, which could bolster its position in the real estate investment sector and reassure stakeholders of its sustainable investment strategies.
More about Advance Residence Investment
Advance Residence Investment Corporation is a prominent J-REIT specializing in residential properties, managed by ITOCHU REIT Management Co., Ltd. The corporation invests in over 280 rental apartments, primarily in central Tokyo and other major Japanese cities, with assets under management exceeding 490 billion yen. Known for its stable dividend and defensive nature, ADR benefits from steady income derived from residential assets and holds the largest dividend reserve among J-REITs.
YTD Price Performance: -13.19%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.65B
For detailed information about 3269 stock, go to TipRanks’ Stock Analysis page.
