Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Nippon Accommodations Fund Inc. ( (JP:3226) ) has shared an update.
Mitsui Fudosan Accommodations Fund Inc. has arranged new long-term borrowings totaling 2.0 billion yen from The Ashikaga Bank and THE NISHI-NIPPON CITY BANK to refinance existing loans, including scheduled repayments to The Ashikaga Bank and The Norinchukin Bank. The refinancing slightly reduces the REIT’s total interest-bearing debt from 170.7 billion yen to 169.7 billion yen and marginally lowers its interest-bearing debt ratio to 53.8%, while maintaining a very high proportion of long-term debt, indicating continued emphasis on funding stability and limited change in overall risk profile for investors.
The most recent analyst rating on (JP:3226) stock is a Sell with a Yen125000.00 price target. To see the full list of analyst forecasts on Nippon Accommodations Fund Inc. stock, see the JP:3226 Stock Forecast page.
More about Nippon Accommodations Fund Inc.
Mitsui Fudosan Accommodations Fund Inc. is a Japanese real estate investment trust focused on accommodation-related assets, operating under the management of Mitsui Fudosan Accommodations Fund Management Co., Ltd. The REIT raises funds primarily through bank borrowings and investment corporation bonds to finance and refinance its property portfolio, targeting stable, long-term income for unitholders in Japan’s real estate market.
Average Trading Volume: 4,827
Technical Sentiment Signal: Buy
Current Market Cap: Yen340.9B
For a thorough assessment of 3226 stock, go to TipRanks’ Stock Analysis page.