Key Developments: Advance Residence Investment Corp (3269.T)
215,300JPY
22 May 2013
¥-3,300 (-1.51%)
¥229,300
¥218,700
¥222,900
¥215,000
4,430
7,015
¥260,000
¥139,300
Latest Key Developments (Source: Significant Developments)
Advance Residence Investment Corp Extends Commitment Line Scale
Advance Residence Investment Corp announced that it has extended the amount from JPY 10,000,000,000 to JPY 12,000,000,000, and the valid period from May 1, 2012 ~ April 30, 2015 to May 1, 2012 to April 28, 2016, for the commitment line of The Bank of Tokyo-Mitsubishi UFJ, Ltd. and Sumitomo Mitsui Trust Bank, Limited. Full Article
Advance Residence Investment Corp to Issue Investment Corporation Bonds
Advance Residence Investment Corp announced that it will issue JPY 3 billion 19th series unsecured investment corporation bonds, each with a face value of JPY 10 million. The details regarding the bond issue are as follows: issue price at JPY 100 per face value of JPY 100, maturity on April 25, 2023, application date on April 18, 2013, payment date on April 25, 2013, with interest rate at 1.32%. Mizuho Securities Co., Ltd. and SMBC Nikko Securities Inc. will act as underwriters in the offering. Full Article
Advance Residence Investment Corp to Acquire Property
Advance Residence Investment Corp announced that it has decided to acquire a Kanagawa-located property for JPY 1,050 million in total from Gakken Cocofump Holdings Co.,Ltd. The transaction will be conducted on April 19, 2013. Full Article
Advance Residence Investment Corp to Take Out Loans
Advance Residence Investment Corp announced that it will take out JPY 1,000,000,000 loans in total on April 19, 2013 from THE BANK OF FUKUOKA, LTD. The annual interest for the loan will be JBA 3-Month Japanese Yen TIBOR + 0.35% and the loan will be repaid on February 28, 2018. The proceeds from the loans will be used to acquire property. Full Article
Advance Residence Investment Corp Acquires Interest in Dormant Investment Partnership
Advance Residence Investment Corp announced that it has decided to acquire a 10% stake in a dormant investment partnership, which operated trusted beneficial rights of real estate, at the price of JPY 203 million, on March 28, 2013. Full Article
Advance Residence Investment Corp to Acquire Property
Advance Residence Investment Corp announced that it has decided to acquire an Osaka-located property for JPY 3,232 million in total. The transaction will be conducted on March 25, 2013. Full Article
Advance Residence Investment Corp to Take Out Loans
Advance Residence Investment Corp announced that it will take out JPY 10,270,000,000 loans in total on March 29, 2013. The proceeds from the loans will be used to acquire property and to repay existing debts. Full Article
Advance Residence Investment Corp Announces Issue Price of New Investment Units
Advance Residence Investment Corp announced that it has decided the issue price of its new investment units to be issued through a public offering at JPY 165,945 per unit, as well as the paid-in price of its new investment units to be issued through a private placement at JPY 160,498 per unit. Full Article
Advance Residence Investment Corp to Issue New Investment Units; to Acquire Properties
Advance Residence Investment Corp announced that it has decided to issue 135,000 investment units, through public offering, on February 1, 2013. The Company has also decided to issue 5,000 investment units to Mizuho Securities Co., Ltd., through private placement, on February 27, 2013. The Company has decided to acquire 12 properties, for JPY 21,689 million in total, in late February and early March 2013. Full Article
Advance Residence Investment Corp Raises Financial Guidance and Distribution per Unit for FP Ending July 2013; Issues Financial Guidance and Distribution per Unit for FP Ending January 2014
Advance Residence Investment Corp announced that it has raised the financial guidance for revenue from JPY 12,276 million to JPY 13,252 million, operating profit from JPY 6,391 million to JPY 6,835 million, ordinary profit from JPY 4,676 million to JPY 5,110 million, net profit from JPY 4,675 million to JPY 5,109 million and affirmed the distribution per unit of JPY 4,500 for the fiscal period ending July 31, 2013. The Company has issued the financial guidance for revenue of JPY 13,354 million, operating profit of JPY 6,834 million, ordinary profit of JPY 5,271 million, net profit of JPY 5,270 million and distribution per unit of JPY 4,500 for the fiscal period ending January 31, 2014. Full Article
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