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NIPPON REIT Investment Corp ( (JP:3296) ) has issued an announcement.
NIPPON REIT Investment Corporation has extended the maturity of its existing ¥3 billion unsecured, unguaranteed syndication-type commitment line by one year, from January 13, 2027 to January 13, 2028, under an agreement originally signed in December 2019 with MUFG Bank and Mizuho Bank. The facility, which can be used for property acquisitions, debt and bond repayment, and unexpected capital expenditures such as disaster-related repairs, strengthens the REIT’s financing flexibility and liquidity management, supporting its capacity to pursue future investments and respond to unforeseen events without altering its previously disclosed risk profile.
The most recent analyst rating on (JP:3296) stock is a Buy with a Yen113813.00 price target. To see the full list of analyst forecasts on NIPPON REIT Investment Corp stock, see the JP:3296 Stock Forecast page.
More about NIPPON REIT Investment Corp
NIPPON REIT Investment Corporation is a Japanese real estate investment trust (REIT) that invests in income-producing real estate assets, financed through bank facilities and capital markets, to generate stable returns for its unitholders in the domestic property market. The REIT is managed by SBI REIT Advisors Co., Ltd., with major Japanese banks such as MUFG Bank and Mizuho Bank acting as key financial partners.
Average Trading Volume: 3,724
Technical Sentiment Signal: Buy
Current Market Cap: Yen175.1B
For an in-depth examination of 3296 stock, go to TipRanks’ Overview page.