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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
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