tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Nippon Prologis REIT Extends ¥20 Billion Commitment Line to 2028

Story Highlights
  • Nippon Prologis REIT extended its ¥20 billion unsecured commitment line by one year, shifting maturity to February 29, 2028.
  • The facility from major Japanese banks supports debt repayment, tenant deposit refunds and property acquisitions, reinforcing NPR’s financial flexibility.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Nippon Prologis REIT Extends ¥20 Billion Commitment Line to 2028

Claim 70% Off TipRanks Premium

The latest update is out from Nippon Prologis REIT, Inc. ( (JP:3283) ).

Nippon Prologis REIT, Inc. has extended the maturity of its existing 20 billion yen unsecured, non-guaranteed commitment line by one year, pushing the end of the commitment period from February 26, 2027 to February 29, 2028. The syndicated facility, provided by Sumitomo Mitsui Banking Corporation, MUFG Bank and Mizuho Bank, can be used for debt repayment, tenant deposit refunds and property acquisitions, helping the logistics-focused REIT secure long-term financial flexibility to support funding stability and future growth in its portfolio.

The most recent analyst rating on (JP:3283) stock is a Hold with a Yen91700.00 price target. To see the full list of analyst forecasts on Nippon Prologis REIT, Inc. stock, see the JP:3283 Stock Forecast page.

More about Nippon Prologis REIT, Inc.

Nippon Prologis REIT, Inc. is a Japanese real estate investment trust (REIT) focused on logistics facilities, investing in and managing income-producing logistics properties in Japan. It is managed by Prologis REIT Management K.K. and listed on the Tokyo Stock Exchange under code 3283, serving institutional and individual investors seeking exposure to the logistics real estate sector.

Average Trading Volume: 14,285

Technical Sentiment Signal: Buy

Current Market Cap: Yen775.2B

See more data about 3283 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1