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ORIX JREIT Secures New Debt Financing for Strategic Acquisition

Story Highlights
  • ORIX JREIT Inc. plans to use 5.5 billion yen in new debt financing to acquire a key asset.
  • The financing will increase ORIX JREIT’s loan-to-value ratio from 47.0% to 47.4%.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
ORIX JREIT Secures New Debt Financing for Strategic Acquisition

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ORIX JREIT Inc. ( (JP:8954) ) has shared an update.

ORIX JREIT Inc. announced a new debt financing plan totaling 5.5 billion yen, which will be used to acquire the PRIME SHINYOKOHAMA BUILDING. This move is expected to slightly increase the company’s long-term loans and interest-bearing liabilities, impacting its loan-to-value ratio, which will rise from 47.0% to 47.4%. The acquisition aligns with ORIX JREIT’s strategy to enhance its asset portfolio, potentially benefiting stakeholders by increasing asset value and income generation.

The most recent analyst rating on (JP:8954) stock is a Buy with a Yen103000.00 price target. To see the full list of analyst forecasts on ORIX JREIT Inc. stock, see the JP:8954 Stock Forecast page.

More about ORIX JREIT Inc.

ORIX JREIT Inc. operates in the real estate investment trust (REIT) industry, focusing on acquiring and managing a diversified portfolio of real estate assets. The company is managed by ORIX Asset Management Corporation, which provides asset management services to optimize returns for investors.

Average Trading Volume: 12,969

Technical Sentiment Signal: Buy

Current Market Cap: Yen594B

Learn more about 8954 stock on TipRanks’ Stock Analysis page.

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