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Frontier Real Estate Investment Corporation ( (JP:8964) ) just unveiled an update.
Frontier Real Estate Investment Corporation has arranged a new ¥1 billion unsecured, unguaranteed long-term loan from The Nishi-Nippon City Bank, Ltd., maturing in January 2033 at a fixed interest rate of 1.96875%, to fund the full repayment of an existing ¥1 billion long-term borrowing from The Norinchukin Bank that matures on January 19, 2026. The refinancing keeps the REIT’s overall borrowing balance unchanged at ¥155.7 billion, extends part of its debt maturity profile, and, according to the company, does not materially alter its loan repayment risk profile as previously disclosed, suggesting a focus on maintaining financial stability and predictability for investors.
The most recent analyst rating on (JP:8964) stock is a Buy with a Yen103730.00 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 listed real estate investment trust (REIT) focused on property investment and managed by Mitsui Fudosan Frontier REIT Management Inc., positioning it within Japan’s institutional real estate and capital markets as a vehicle for long-term, stable income-oriented investment.
Average Trading Volume: 5,212
Technical Sentiment Signal: Buy
Current Market Cap: Yen254.3B
For detailed information about 8964 stock, go to TipRanks’ Stock Analysis page.