Advance Residence Investment: Debt Financing and Loan Repayment Notice







May 23, 2022

For immediate release

Advance Residence Investment Corporation

Securities Code3269

1-105Kanda-Jinbocho, Chiyoda-ku, Tokyo

Wataru Higuchi, Executive Director

Asset management company:

AD Investment Management Co., Ltd.

Takeshi Takano, President

Requests:

Isao Kudo, director

PHONE. +81-3-3518-0480

Notice Regarding Debt Financing and Loan Repayment

Advance Residence Investment Corporation (ADR) today announced its decisions to borrow funds to repay a maturing loan.

1. Debt financing (draw date: May 31, 2022)

  1. Debt financing details

(JPY: million)

Foreseen

Program

Major

Refund

Major

Collateral/

Lender

Sample

Interest rate

Refund

Rising

Period

Refund

Guarantee

Date

Date

May

May

Pay in full

Not guaranteed

Sumitomo Mitsui Banking Corporation

1,560

Not fixed (Note 1)

4.0 years

on the

July 31, 2022

February 29, 2026

due date

Not guaranteed

(Note 1) Loan interest rate will be announced separately. Interest payment dates are the last business day of January, April, July, October, beginning July 29, 2022 and ending on the principal repayment date.

1

[Provisional Translation]

This English translation of the original Japanese document is provided for informational purposes only. In the event of any discrepancy between this translation and the Japanese original, the latter shall prevail.

(2) Purpose of Debt Financing

Repay an existing loan due May 31, 2022

(3) Details of loan to be repaid

(JPY: million)

Foreseen

Program

Major

Refund

Major

Collateral/

Lender

Sample

Interest rate

Refund

Rising

Period

Refund

Guarantee

Date

Date

November

May

Pay in full

Not guaranteed

Sumitomo Mitsui Banking Corporation

1,560

0.24690%

3.5 years

on the

30, 2018

July 31, 2022

Not guaranteed

due date

Registration document: Debt financing balance (as of May 31, 2022)

JPY: million

Before refinancing(Note 2)

After refinancing

Increase decrease)

Short term loan (Note 3)

1,000

1,000

Long term loans (Note 3)

189 309

189 309

Total loans

190 309

190 309

Corporate investment bonds

36,600

36,600

Total interest-bearing debt

226 909

226 909

(Note2) As of May 30, 2022

(Note 3) Short-term loans are loans with a maturity of less than one year from the draw date and long-term loans are loans with a maturity of more than one year.

About Advance Residence Investment Corporation

Advance Residence Investment Corporation is the largest residential J-REIT, investing in over 270 rental apartments located primarily in central Tokyo and other major cities in Japan (AUM over 460 billion yen). ADR can be expected to have a stable long-term dividend and can be considered a defensive J-REIT, thanks to stable income from residential assets and with the largest dividend pool among J-REITs.

ADR website: https://www.adr-reit.com/en/

2

[Provisional Translation]

This English translation of the original Japanese document is provided for informational purposes only. In the event of any discrepancy between this translation and the Japanese original, the latter shall prevail.

Warning

Advance Residence Investment Corporation published this content on May 23, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on May 23, 2022 06:45:05 UTC.

Public now 2022

All news about ADVANCE RESIDENCE INVESTMENT CORPORATION

2022 sales 34,240M
268M
268M
2022 net income 14,929 million
117M
117M
Net debt 2022 197B
1,540 million
1,540 million
PER 2022 ratio 32.5x
2022 return 3.22%
Capitalization 485B
3,797 million
3,797 million
EV / Sales 2022 19.9x
EV / Sales 2023 21.2x
# of employees 79
Floating 96.2%

Chart ADVANCE RESIDENCE INVESTMENT CORPORATION


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Advance Residence Investment Corporation Technical Analysis Chart |  MarketScreener

Technical Analysis Trends ADVANCE RESIDENCE INVESTMENT CORPORATION

Short term Middle term Long term
Tendencies Bearish Neutral Neutral



Evolution of the income statement

Medium consensus
Number of analysts 0
Last closing price 350,500.00
Average target price
Average Spread / Target


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