Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Kenedix Residential Next Investment Corporation    3278   JP3047480003

KENEDIX RESIDENTIAL NEXT INVESTMENT CORPORATION

(3278)
  Report
SummaryChartsNewsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Kenedix Residential Next Investment : Notice Concerning Execution of Interest Rate Swap Agreement

share with twitter share with LinkedIn share with facebook
09/18/2020 | 03:35am EDT

Translation of Japanese Original

September 18, 2020

To All Concerned Parties

REIT Issuer:

Kenedix Residential Next Investment Corporation

Representative: Keisuke Sato, Executive Director

(Securities Code: 3278)

Asset Management Company:

Kenedix Real Estate Fund Management, Inc.

Representative: Masahiko Tajima, President & CEO

Contact:Shin Yamamoto, Head of Planning

Division, Residential REIT Department

TEL:+81-3-5157-6011

Notice Concerning Execution of Interest Rate Swap Agreement

Kenedix Residential Next Investment Corporation (the "Investment Corporation") announced today the decision regarding the execution of interest-rate swap agreement. The details are as follows.

1. Interest Rate Swap Agreement

  1. Reason for Executing the Interest Rate Swap Agreement
    For a hedge against possible increases in future interest rate for series 46 with floating interest rate. For further details concerning the abovementioned debt financing, please refer to the press release "Notice Concerning Debt Financing and the Execution of Interest Rate Swap Agreements" announced on September 17, 2020.
  2. Details of the Interest Rate Swap Agreements

Series 46

Counterparty

Nomura Securities Co.,Ltd.

Notional Amount

¥ 840 million

Fixed interest

0.09800%

Interest

Rate for payment

Rate

Floating interest

Base rate (JPY TIBOR for 3 month)

Rate for receipt

Commencement Date

September 24, 2020

Termination Date

September 30, 2028

The first payment is due at the end of December 2020, and on the last day of every three months thereafter,

Payment Date

with the last payment on the principal repayment day. (If each payment day is a non-business day, then

the payment will be due on the next business day and if the next business day is in the next month, then

the previous business day will be applied.)

(Note) By entering into the interest rate swap agreements, the interest rate for series 46 is essentially fixed at 0.64800% .

  • 2. Others

    In relation to the risks associated with the borrowings, there have been no significant changes to the "Investment Risks" stated in the securities report (Yuka shoken hokokusyo) submitted on April 28, 2020.

  • Website URL of the Investment Corporation: https://www.kdr-reit.com/en/

[Provisional Translation Only]

English translation of the original Japanese document is provided solely for information purposes.

Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

1

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Kenedix Residential Next Investment Corporation published this content on 18 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 September 2020 06:34:03 UTC


share with twitter share with LinkedIn share with facebook
All news about KENEDIX RESIDENTIAL NEXT INVESTMENT CORPORATION
09/18KENEDIX RESIDENTIAL NEXT INVESTMENT : Notice Concerning Execution of Interest Ra..
PU
09/17KENEDIX RESIDENTIAL NEXT INVESTMENT : Notice Concerning Debt Financing and Execu..
PU
09/14KENEDIX RESIDENTIAL NEXT INVESTMENT : Financial report for the fiscal period end..
PU
08/27KENEDIX RESIDENTIAL NEXT INVESTMENT : Notice Concerning Execution of Interest Ra..
PU
08/11KENEDIX RESIDENTIAL NEXT INVESTMENT : Notice Concerning Completion of Seismic Is..
PU
08/03KENEDIX RESIDENTIAL NEXT INVESTMENT : Notice Concerning Acquisition Settlement o..
PU
07/29KENEDIX RESIDENTIAL NEXT INVESTMENT : Notice Concerning Execution of Interest Ra..
PU
07/28KENEDIX RESIDENTIAL NEXT INVESTMENT : Notice Concerning Execution of Commitment ..
PU
07/27KENEDIX RESIDENTIAL NEXT INVESTMENT : Notice Concerning Execution of Interest Ra..
PU
More news
Financials
Sales 2020 16 203 M 155 M 155 M
Net income 2020 7 355 M 70,2 M 70,2 M
Net Debt 2020 117 B 1 114 M 1 114 M
P/E ratio 2020 26,5x
Yield 2020 3,78%
Capitalization 164 B 1 561 M 1 563 M
EV / Sales 2019 17,1x
EV / Sales 2020 19,3x
Nbr of Employees -
Free-Float 98,0%
Chart KENEDIX RESIDENTIAL NEXT INVESTMENT CORPORATION
Duration : Period :
Kenedix Residential Next Investment Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends KENEDIX RESIDENTIAL NEXT INVESTMENT CORPORATION
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
 
Mean consensus -
Number of Analysts
Average target price
Last Close Price 172 100,00 
Spread / Highest target -
Spread / Average Target -
Spread / Lowest Target -
EPS Revisions
Managers
NameTitle
Osamu Chiba Supervisory Officer
Satoshi Ogawa Supervisory Officer
Keisuke Sato Executive Officer
Katsue Okuda Executive Officer
Soichiro Iwao Supervisory Officer
Sector and Competitors