Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Frontier Real Estate Investment Corporation ( (JP:8964) ) has provided an announcement.
Frontier Real Estate Investment Corporation has arranged a total of ¥18 billion in new short-term and long-term borrowings to help finance the additional acquisition of a 71.5% quasi co-ownership stake in Mitsui Shopping Park LaLaport IZUMI and other properties, increasing its total interest-bearing debt from ¥137.7 billion to ¥155.7 billion. The financing mix, which includes several unsecured green loans with fixed and floating interest rates from major Japanese banks, lengthens the REIT’s debt maturity profile while signaling continued use of sustainable finance instruments, and the company notes that these borrowings do not materially change its previously disclosed assessment of loan repayment risk.
The most recent analyst rating on (JP:8964) stock is a Buy with a Yen99942.00 price target. To see the full list of analyst forecasts on Frontier Real Estate Investment Corporation stock, see the JP:8964 Stock Forecast page.
More about Frontier Real Estate Investment Corporation
Frontier Real Estate Investment Corporation is a Japanese real estate investment corporation (REIT) focused on acquiring and managing income-producing properties, including large retail assets such as Mitsui Shopping Park LaLaport IZUMI. It operates under the asset management of Mitsui Fudosan Frontier REIT Management Inc., leveraging Mitsui Fudosan’s real estate platform and financial relationships to expand and optimize its property portfolio in Japan.
Average Trading Volume: 5,063
Technical Sentiment Signal: Buy
Current Market Cap: Yen252.1B
For an in-depth examination of 8964 stock, go to TipRanks’ Overview page.