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TOKYU REIT ( (JP:8957) ) just unveiled an update.
TOKYU REIT has arranged a new ¥3 billion unsecured, unguaranteed long-term loan from Sumitomo Mitsui Trust Bank, with a seven-year term maturing in December 2032 and a floating rate based on three‑month JBA yen TIBOR plus 0.42%, to fund the repayment of an existing long-term borrowing maturing on December 29, 2025. The proceeds, together with cash on hand, will be used to fully repay a ¥3.5 billion fixed-rate loan taken out in 2021, reducing total interest-bearing debt by ¥500 million to ¥105.5 billion and slightly lowering the REIT’s leverage while extending its debt maturity profile, which may support more stable funding and risk management for unitholders over the medium term.
The most recent analyst rating on (JP:8957) stock is a Hold with a Yen220196.00 price target. To see the full list of analyst forecasts on TOKYU REIT stock, see the JP:8957 Stock Forecast page.
More about TOKYU REIT
TOKYU REIT, Inc. is a Japanese real estate investment trust focused on owning and managing income-producing properties, financing its portfolio primarily through a mix of long-term bank borrowings and investment corporation bonds in the domestic debt market.
Average Trading Volume: 1,852
Technical Sentiment Signal: Buy
Current Market Cap: Yen198.6B
For an in-depth examination of 8957 stock, go to TipRanks’ Overview page.