Advance Residence Investment: Debt Financing and Loan Repayment Notice

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July 21, 2022

For immediate release

Advance Residence Investment Corporation

Securities Code3269

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

Wataru Higuchi, Executive Director

Asset management company:

ITOCHU REIT Management Co., Ltd.

Junichi Shoji, Managing Director, President

& CEO

Requests:

Isao Kudo, General Manager

PHONE. +81-3-6821-5483

Notice Regarding Debt Financing and Loan Repayment

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

1. Debt financing (draw date: July 29, 2022)

  1. Debt financing details

(JPY: million)

No.

Intended

Program

Director

Repayment

Director

Collateral/

Lender

Sampling

Interest rate

Repayment

Rising

Period

Repayment

Guarantee

Date

Date

1

The Nishi – Nippon City Bank, Ltd.

400

July

7.0 years

July 31, 2029

Pay in full

July

July

Not guaranteed

2

800

Not fixed (Note 1)

10.0 years

on the

29, 2022

July 30, 2032

due date

Not guaranteed

MUFG Bank, Ltd.

3

300

July

7.0 years

July 31, 2029

Total or weighted average

1,500

8.6 years old

(Note 1) Loan interest rate will be announced separately. Interest payment dates are the last business day of January, April, July and October, beginning October 31, 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

To repay existing loans due July 29, 2022

  1. Date of submission of loan application based on loan commitment agreement
    July 27, 2022

2. Details of loans to be repaid

(JPY: million)

No.

Intended

Program

Director

Repayment

Director

Collateral/

Lender

Sampling

Interest rate

Repayment

Rising

Period

Repayment

Guarantee

Date

Date

1

MUFG Bank, Ltd.

707

August

July

Pay in full

Not guaranteed

2

Sumitomo Mitsui Trust Bank, Limited

393

0.81550(Note 2)

29, 2022

8.0 years

on the

1, 2014

Not guaranteed

due date

3

The Nishi – Nippon City Bank, Ltd.

400

Total or weighted average

1,500

0.81550

8.0 years

(Note 2) The interest rate is fixed by interest rate swap.

Registration document: Debt financing balance (as of July 29, 2022)

JPY: million

Before refinancing(Note 3)

After refinancing

Increase decrease)

Short term loan (Note4)

1,000

1,000

Long term loans (Note4)

190 209

190 209

Total loans

191 209

191 209

Corporate investment bonds

36,600

36,600

Total interest-bearing debt

227,809

227,809

(Note3) As of July 28, 2022

(Note 4) 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 J-REIT specializing in residential properties and is managed by ITOCHU REIT Management Co., Ltd. (IRM), the ITOCHU Group’s asset management company, which invests in more than 270 rental apartments located mainly 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.

“Advance” is the common brand name of the real estate investment company managed by ITOCHU REIT Management Co., Ltd.

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

MRI website: https://www.itc-rm.co.jp/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.

Disclaimer

Advance Residence Investment Corporation published this content on July 21, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on Jul 21, 2022 06:53:02 UTC.

Public now 2022

All news about ADVANCE RESIDENCE INVESTMENT CORPORATION

Sales 2023 32,381 million
234M
234M
2023 net income 15,085 million
109M
109M
Net debt 2023 201B
1,456 million
1,456 million
PER 2023 ratio 33.7x
2023 return 3.15%
Capitalization 507B
3,671 million
3,671 million
EV / Sales 2023 21.9x
EV / Sales 2024 21.8x
# of employees 79
Floating 93.0%

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