tiprankstipranks
Trending News
More News >

Advance Residence Sets Interest Rate for Long-Term Loan

Story Highlights
Advance Residence Sets Interest Rate for Long-Term Loan

Confident Investing Starts Here:

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

Advance Residence Investment Corporation has announced the interest rate for a portion of its planned long-term debt financing, setting a fixed rate of 1.11000% for a 1,000 million yen loan from The Joyo Bank, Ltd. This financial move is part of its broader strategy to maintain stable operations and ensure long-term dividend stability, reinforcing its position as a leading player in the residential J-REIT 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 invests in over 290 rental apartments primarily in central Tokyo and other major cities in Japan, with assets under management exceeding 490 billion yen. Known for its stable dividend potential, it is considered a defensive J-REIT due to its stable income from residential assets and the largest dividend reserve among J-REITs.

YTD Price Performance: 21.62%

Technical Sentiment Signal: Sell

Current Market Cap: $2.97B

For an in-depth examination of 3269 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App