6 stories mentioning TYO:8953Updated 10d ago
Every FINWIRES story that references TYO:8953, newest first.
Japan Metropolitan Fund Investment (TYO:8953) reported no damage in its seven properties located in the Kyushu region following a magnitude 7.1 earthquake in Kumamoto, according to a Tokyo bourse filing on Wednesday.Shares of the REIT were up more than 1% in recent trade.
Japanese stocks gained on easing US-Iran tensions after Iran announced to halt strikes on key US military infrastructure across the Middle East on a mutual basis, triggering a bond rally.The benchmark Nikkei 225 closed up 320.04 points, or 0.50%, at 64,931.19.Oil prices fell on easing tensions around key crude shipping routes, including the Strait of Hormuz, reducing energy supply concerns and easing inflation fears.Meanwhile, media reports claimed that falling US ammunition reserves have led to the temporary ceasefire as the US dollar weakened.On the corporate side, Japan Metropolitan Fund Investment (TYO:8953) secured a 5.35 billion yen term loan to refinance existing debt, maturing July 31, through a new syndicated loan, according to a Monday release.Also, Toyota Motor (TYO:7203) will become a shareholder in Cellcentric following a deal with co-owners The Volvo Group and Daimler Truck, according to a Monday release.
Japan Metropolitan Fund Investment (TYO:8953) said that it will refinance an existing 5.35 billion yen debt, maturing July 31, through a new syndicated loan, according to a Monday release.The refinancing includes a seven-year term loan worth 2.9 billion yen from Sumitomo Mitsui Trust Bank and 800 million yen from Resona Bank, maturing July 29, 2033, and a 750 million yen eight-year term loan from The Hyakugo Bank, maturing July 31, 2034.The borrowings also include a 10-year term loan worth 500 million yen from The Nanto Bank and a 400 million yen loan from The Senshu Ikeda Bank, maturing July 31, 2036.The 2.9 billion yen and 800 million yen loans carry a floating interest rate of the one-month Japanese yen TIBOR plus 0.175%, while 750 million yen, 500 million yen, and 400 million yen loans carry floating interest rates of the one-month Japanese yen TIBOR plus 0.200% and 0.250%, respectively.
Japan Metropolitan Fund Investment (TYO:8953) has agreed to acquire a mixed-use private lodging and retail property in Osaka, for 2.4 billion yen effective June 29, according to a Tokyo bourse filing on Wednesday.The property, Apartment Hotel 11 Shinsaibashi Amemura 2, is appraised at 2.75 billion yen, and will be operated by lodging tech company HIWIN under a revenue-linked lease structure.To fund the acquisition, the REIT secured a 2.4 billion yen 7-year floating-rate loan from SBI Shinsei Bank at TIBOR plus 0.175%, according to a separate disclosure.The REIT also refinanced a 1.5 billion yen loan from Mizuho Bank with the same terms, extending its maturity from June 2026 to June 2033.
Japan Metropolitan Fund Investment (TYO:8953) has agreed to dispose of a trust beneficiary right in Edion Kyobashi, a land with leasehold interest in Osaka, for 7 billion yen, according to a Tokyo bourse filing on Monday.The transaction is expected to generate a gain of roughly 1.1 billion yen, which will be fully distributed to unitholders in the February 2027 fiscal period.The disposition, scheduled to close on Dec. 1, involves a property leased to retailer Edison and has no broker or disclosed purchaser due to confidentiality.The REIT decided to sell the asset to maximize total returns by replacing it with properties offering better long-term profitability and growth potential from its expanding acquisition pipeline.
Japan Metropolitan Fund Investment (TYO:8953) said it has expanded its unitholder shopping voucher program to seven retail facilities, adding a Tokyo site, according to a Tuesday filing on the Tokyo Stock Exchange.The initiative offers vouchers worth 1,500 yen to eligible unitholders to drive footfall and sales across its properties, with no change to earnings forecasts.
