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Mitsubishi Estate Logistics REIT Investment Corp. ( (JP:3481) ) has issued an announcement.
Mitsubishi Estate Logistics REIT Investment Corporation announced a decision to secure debt financing totaling 8,770 million yen from MUFG Bank and Mizuho Bank. The funds will be used for working capital and acquisition costs related to a new property, Logicross Osaka Katano. This move will increase the company’s total borrowings, potentially impacting its financial leverage and operational capacity.
More about Mitsubishi Estate Logistics REIT Investment Corp.
Mitsubishi Estate Logistics REIT Investment Corporation operates in the real estate investment trust (REIT) industry, focusing on logistics properties. The company is managed by Mitsubishi Jisho Investment Advisors, Inc., and is primarily involved in acquiring, managing, and leasing logistics facilities in Japan.
YTD Price Performance: 3.64%
Average Trading Volume: 4,155
Technical Sentiment Signal: Buy
Current Market Cap: Yen172.9B
See more data about 3481 stock on TipRanks’ Stock Analysis page.