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Japan Hotel Reit Investment ( (JP:8985) ) has provided an update.
Japan Hotel REIT Investment Corporation has entered into interest rate swap contracts with MUFG Bank for two new term loans totaling JPY15 billion, effectively converting their floating-rate borrowings into fixed-rate obligations. The swaps set effective fixed interest rates of 2.65175% for Term Loan 131 and 2.93875% for Term Loan 132, extending through 2031 and 2033, respectively.
Following these transactions, approximately 78% of JHR’s total interest-bearing debt will carry fixed rates, strengthening the predictability of its financing costs. This move supports more stable cash flow management and may reduce exposure to future interest rate volatility, which is particularly relevant for a hotel-focused REIT operating in a cyclical and rate-sensitive sector.
The most recent analyst rating on (JP:8985) stock is a Hold with a Yen85946.00 price target. To see the full list of analyst forecasts on Japan Hotel Reit Investment stock, see the JP:8985 Stock Forecast page.
More about Japan Hotel Reit Investment
Japan Hotel REIT Investment Corporation is a Japanese real estate investment trust focused on hotel assets, listed on the Tokyo Stock Exchange under code 8985. It is managed by Japan Hotel REIT Advisors Co., Ltd., specializing in hotel-related real estate investment and asset management within Japan’s lodging and tourism market.
Average Trading Volume: 43,015
Technical Sentiment Signal: Buy
Current Market Cap: Yen457.6B
For an in-depth examination of 8985 stock, go to TipRanks’ Overview page.