GLP J-REIT Secures Interest Rate Stability with Swap Agreement

GLP J-REIT ( (JP:3281) ) has provided an announcement.

GLP J-REIT has executed an interest rate swap agreement with Mizuho Bank, Ltd. to manage interest rate risks associated with a loan of 2,520 million yen. This agreement effectively fixes the interest rate at 1.403% until May 31, 2030, providing financial stability and predictability in managing the loan’s interest obligations. There have been no significant changes in investment risks as per the latest securities report.

The most recent analyst rating on (JP:3281) stock is a Buy with a Yen151500.00 price target. To see the full list of analyst forecasts on GLP J-REIT stock, see the JP:3281 Stock Forecast page.

More about GLP J-REIT

GLP J-REIT is a real estate investment trust company that operates within the real estate industry. Its primary focus is on managing and investing in real estate properties, with a particular emphasis on logistics facilities in Japan. The company is managed by GLP Japan Advisors Inc., which oversees its asset management operations.

Average Trading Volume: 12,401

Technical Sentiment Signal: Buy

Current Market Cap: Yen601.6B

For a thorough assessment of 3281 stock, go to TipRanks’ Stock Analysis page.