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Japan Hotel Reit Investment ( (JP:8985) ) just unveiled an update.
Japan Hotel REIT Investment Corporation has announced the conclusion of interest rate swap contracts for its new loans, including refinancing with a green loan. These swaps, with Daiwa Securities Co. Ltd. as the counterparty, effectively fix the interest rates for various term loans, thereby stabilizing the company’s debt servicing costs. The fixed interest rate ratio is expected to reach around 80% of total interest-bearing debts, which could enhance financial predictability and reduce interest rate risk exposure.
The most recent analyst rating on (JP:8985) stock is a Buy with a Yen90000.00 price target. To see the full list of analyst forecasts on Japan Hotel Reit Investment stock, see the JP:8985 Stock Forecast page.
More about Japan Hotel Reit Investment
Japan Hotel REIT Investment Corporation operates in the real estate investment trust (REIT) industry, primarily focusing on hotel properties. It is managed by Japan Hotel REIT Advisors Co., Ltd., and aims to provide stable income to its investors through strategic investments in hotel assets across Japan.
Average Trading Volume: 16,500
Technical Sentiment Signal: Buy
Current Market Cap: Yen445B
See more insights into 8985 stock on TipRanks’ Stock Analysis page.