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Frontier Real Estate Investment Corporation ( (JP:8964) ) has issued an update.
Frontier Real Estate Investment Corporation announced the execution and repayment of a long-term borrowing arrangement. The company plans to execute a new unsecured, unguaranteed loan of ¥1,000 million from MUFG Bank, Ltd. with a fixed interest rate, to repay an existing loan of ¥1,500 million due on March 3, 2025. This financial maneuver aims to optimize the company’s borrowing balance, reducing its long-term borrowings by ¥500 million, which will be covered with cash on hand. The announcement indicates no significant change in loan repayment risk, maintaining stability in the company’s financial operations.
More about Frontier Real Estate Investment Corporation
Frontier Real Estate Investment Corporation operates in the real estate investment industry, focusing on managing and investing in real estate assets. The company is managed by Mitsui Fudosan Frontier REIT Management Inc., which provides asset management services.
YTD Price Performance: 1.42%
Average Trading Volume: 6,112
Technical Sentiment Consensus Rating: Buy
Current Market Cap: Yen213.2B
See more insights into 8964 stock on TipRanks’ Stock Analysis page.