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An announcement from Nippon Accommodations Fund Inc. ( (JP:3226) ) is now available.
Nippon Accommodations Fund Inc. has announced a borrowing of 1 billion yen from The Joyo Bank, Ltd. to finance the purchase of a new property. This loan will slightly increase the company’s total interest-bearing debt, reflecting a strategic move to expand its property portfolio while maintaining a stable interest-bearing debt ratio.
More about Nippon Accommodations Fund Inc.
Nippon Accommodations Fund Inc. operates as a Real Estate Investment Trust (REIT) focusing on acquiring and managing residential properties in Japan. The company is managed by Mitsui Fudosan Accommodations Fund Management Co., Ltd., which specializes in real estate investment management.
YTD Price Performance: -1.73%
Average Trading Volume: 5,239
Technical Sentiment Signal: Hold
Current Market Cap: Yen284.7B
For detailed information about 3226 stock, go to TipRanks’ Stock Analysis page.