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Japan Hotel Reit Investment ( (JP:8985) ) has shared an update.
Japan Hotel REIT Investment Corporation has arranged a new long-term loan of ¥2.5 billion from Mizuho Bank, largely to refinance an existing ¥2.526 billion term loan maturing on January 30, 2026, with the balance to be repaid using cash on hand. The unsecured, unguaranteed loan, which matures in September 2031 and will have its floating TIBOR-based interest effectively fixed through interest rate swaps, slightly reduces total interest-bearing debt and is expected to keep about 81% of the REIT’s borrowings at fixed rates, signaling a continued focus on balance sheet stability and interest rate risk management without materially changing its overall risk profile.
The most recent analyst rating on (JP:8985) stock is a Buy with a Yen107000.00 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 and hospitality assets, managed by Japan Hotel REIT Advisors Co., Ltd., and listed on the Tokyo Stock Exchange under code 8985.
Average Trading Volume: 20,085
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen431.2B
See more data about 8985 stock on TipRanks’ Stock Analysis page.