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Japan Hotel Reit Investment ( (JP:8985) ) has provided an announcement.
Japan Hotel REIT Investment Corporation has entered into an interest rate swap with MUFG Bank for a ¥10 billion term loan, effectively fixing the interest rate on Term Loan 129 at 2.38250% through March 2030. Following this transaction, approximately 75% of the REIT’s interest-bearing debt will carry fixed rates, reinforcing its interest-rate risk management framework without materially altering previously disclosed risks related to the new borrowing.
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 Tokyo-listed real estate investment trust specializing in hotel assets, identified by TSE code 8985. Managed by Japan Hotel REIT Advisors Co., Ltd., the trust focuses on income from hospitality properties in Japan, using financial instruments such as loans and interest rate swaps to manage funding costs and interest-rate exposure.
Average Trading Volume: 39,077
Technical Sentiment Signal: Buy
Current Market Cap: Yen468.8B
For an in-depth examination of 8985 stock, go to TipRanks’ Overview page.