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Heiwa Real Estate REIT, Inc. ( (JP:8966) ) has provided an announcement.
Heiwa Real Estate REIT, Inc. has arranged a new series of unsecured, unguaranteed long-term loans totaling ¥5.17 billion from Resona Bank, MUFG Bank and Mizuho Bank, with maturities stretching from 2033 to 2034 and a mix of TIBOR-linked and fixed interest rates. The proceeds will be used to partially finance the acquisition of three residential properties — HF SHIMO-AKATSUKA RESIDENCE, HF TOKIWADAI RESIDENCE and HF AYASE RESIDENCE — and related costs, lifting the REIT’s total interest-bearing liabilities from ¥128.37 billion to ¥133.54 billion and underscoring its continued balance-sheet-driven expansion of its domestic residential portfolio.
The most recent analyst rating on (JP:8966) stock is a Buy with a Yen173363.00 price target. To see the full list of analyst forecasts on Heiwa Real Estate REIT, Inc. stock, see the JP:8966 Stock Forecast page.
More about Heiwa Real Estate REIT, Inc.
Heiwa Real Estate REIT, Inc. is a Japanese real estate investment trust that invests in domestic real estate assets, generating stable rental income primarily through long-term property holdings. Managed by Heiwa Real Estate Asset Management Co., Ltd., the vehicle focuses on expanding and optimizing its portfolio in Japan’s real estate market while maintaining diversified, unsecured funding from major domestic banks.
Average Trading Volume: 3,182
Technical Sentiment Signal: Buy
Current Market Cap: Yen191.6B
See more insights into 8966 stock on TipRanks’ Stock Analysis page.