FINWIRES · TerminalLIVE
FINWIRES

TYO:3269

9 stories mentioning TYO:3269Updated 16d ago

Every FINWIRES story that references TYO:3269, newest first.

Asia

Advance Residence Investment 3 Billion Yen Debt Refinancing to Repay Maturing Loans

Advance Residence Investment (TYO:3269) will undertake two equal debt financings totalling 3 billion yen on July 29 and July 31, to fully repay existing loans from the same lenders that mature on those dates.A total of 1.5 billion yen, provided by The Yamaguchi Bank, and The Bank of Fukuoka, have maturities ranging from 4.5 to 10 years and variable interest rates based on TIBOR.The remainder of 1.5 billion yen will be disbursed by Mizuho Bank, and SBI Shinsei Bank, with maturities ranging from 7.2 to 9 years.The refinancing will not change the REITS' total interest-bearing debt, which remains at 252.4 billion yen, nor its mix of short-term and long-term loans.

TYO:3269
Asia

Advance Residence Signs Interest Rate Swap Deal on 2.3 Billion Yen Scheduled Loan with Mizuho Bank

Advance Residence Investment (TYO:3269) said it entered into an interest rate swap agreement with Mizuho Bank to hedge the risk of interest rate fluctuations on its planned 2.3 billion yen floating-rate long-term loan scheduled to be borrowed on July 1.The Japan-based real estate investment trust said that the loan runs from July 1, 2026, to June 29, 2029, and comes at a fixed rate of 1.90650% and will receive one-month yen TIBOR, according to a Monday filing on the Tokyo Stock Exchange.The company said that the transaction will effectively fix the interest rate on the three-year loan at 2.05650%.

TYO:3269
Asia

Advance Residence Investment Sells RESIDIA Tokugawa for 973 Million Yen, Booking 311 Million Yen Gain

Advance Residence Investment (TYO:3269) through its asset manager Itochu REIT Management, has decided to dispose of the RESIDIA Tokugawa property for 973 million yen, effective July 7.The sale price exceeds the book value of 661 million yen, generating an estimated gain of approximately 311 million yen, or 273 million yen after associated costs, according to a Tokyo bourse filing on Wednesday.The buyer is MIRAI Asset, with a broker involved in the transaction.Proceeds from the sale will be used for future property acquisitions, debt repayment, and other initiatives to enhance unitholder returns, as part of the REIT's strategy to optimize capital efficiency.

TYO:3269
Asia

Advance Residence Investment to Acquire Yokohama Residential Property for 2.22 Billion Yen

Advance Residence Investment (TYO:3269) will acquire a residential property named Residia Yokohama Tobe for 2.22 billion yen, according to a Tokyo bourse filing on Monday.The eight-story building is fully occupied with 70 units and offers a net operating income (NOI) yield of 4.1%.The acquisition is scheduled for July 1, with financing coming from borrowings and cash on hand, and the seller is Marble Corp., a subsidiary of TCS Holdings.

TYO:3269
Asia

Advance Residence Investment Acquires RESIDIA Musashi-Koyama For 690 Million Yen

Advance Residence Investment (TYO:3269) has agreed to acquire RESIDIA Musashi-koyama, a four-storey apartment building in Shinagawa-ku, Tokyo, for an acquisition price of 690 million yen.The purchase price represents a 95.7% ratio to the appraisal value of 721 million as of April 1, according to a Tokyo bourse filing on Thursday.The property features 19 leasable units with an occupancy rate of 95% based on floor area and a building age of 7.3 years.The acquisition will be funded through a combination of borrowings and cash on hand, with settlement expected on June 30, and the asset will be held as real estate following termination of the trust beneficiary interest on the same day.Itochu Urban Community, which falls under the category of an interested party under the asset manager's internal rules, is scheduled to serve as master lessee and property management company, while the seller is a domestic special purpose company whose further details cannot be disclosed due to a lack of consent.

TYO:3269
Asia

Advance Residence Investment Enters Interest Rate Swap for 1.56 Billion Yen Loan

Advance Residence Investment (TYO:3269) decided to enter into an interest rate swap agreement to protect against the risk of interest rate fluctuations related to a 1.56 billion floating-rate long-term loan scheduled to be borrowed on May 29.The swap, executed with MUFG Bank on May 27, covers a notional principal of 1.56 billion from May 29, 2026, to April 28, 2033.Under the agreement, the REIT will pay a fixed rate of 2.69875% and receive the one-month yen TIBOR, effectively fixing the interest rate on the loan at 2.85875%.The move locks in borrowing costs for the 6.9-year tenor and ensures stability in interest payments.

TYO:3269
Asia

Advance Residence Investment to Buy Two Tokyo Residential Properties for 4.06 Billion Yen

Advance Residence Investment (TYO:3269) decided to acquire two residential properties in Tokyo for a total acquisition price of about 4.06 billion yen, according to a Tokyo bourse filing on Tuesday.The first property, RESIDIA Shoin-jinja-mae, will be acquired from ITOCHU Property Development for 2.84 billion yen, while the second asset, a trust beneficiary interest in RESIDIA Tokiwadai in Itabashi, will be bought from an undisclosed seller for 1.22 billion yen.Both properties will be managed and master-leased by ITOCHU Urban Community, the company said.To partially fund the acquisitions, the REIT arranged multiple debt financings totalling 4.2 billion yen, with drawdowns scheduled between May 27 and 28, according to a separate disclosure.Further, the REIT secured another 1.56 billion loan to repay existing debt due on May 29.

TYO:3269
Asia

Advance Residence Investment Secures 3.05 Billion Yen in Loans for Refinancing

Advance Residence Investment (TYO:3269) said it will raise 3.05 billion yen in new loans to refinance existing debt and fund early repayments, according to a Monday filing on the Tokyo Stock Exchange.The borrowing includes loans from Sumitomo Mitsui Banking Corporation and SBI Shinsei Bank, with maturities extending up to 2034. Proceeds will be used to repay maturing loans and prepay 1.5 billion yen in existing borrowings under a commitment line.Following the refinancing, the REIT's total interest-bearing debt will remain unchanged at 245.2 billion yen.

TYO:3269
Asia

Advance Residence Investment Secures 3.05 Billion Yen Loan to Repay Existing Debt

Advance Residence Investment (TYO:3269) has secured debt financing totaling 3.05 billion yen from two lenders to repay existing debts, according to a Tokyo bourse filing on Monday.Sumitomo Mitsui Banking Corp. will provide the REIT a 1.55 billion seven-year loan at a base rate plus 0.16% interest, while SBI Shinsei Bank will lend another 1.5 billion yen 8.5-year loan at an unfxed rate.The funds, with a drawdown date of April 30, will be used to repay a maturing loan of 1.55 billion yen and to fully prepay a 1.5 billion yen in outstanding short-term borrowings under a commitment line agreement.

TYO:3269

Track with the FINWIRES app suite

FolioX
FolioX
Track TYO:3269 in your portfolio
WheelAI
WheelAI
Analyze TYO:3269 options with the wheel strategy
StockInsider
StockInsider
See market sentiment on TYO:3269