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An office building focused J-REIT. The largest J-REIT in terms of equity market capitalization and acquisition cost of portfolio. Carried out a 2-for-1 unit split in January 2014 and became the first J-REIT in the industry with assets surpassing the 1 trillion JPY mark. Maintains a strong relationship with sponsor Mitsui Fudosan Co., Ltd. Its strategy calls for using part of the proceeds from property divestments as retained earnings. At the close of the period ending June 2014, expects to have more than 4,000 million JPY in retained earnings, providing dividend stability. Steady acquisition of new properties has helped to boost the stable dividends. The forecast dividend for the period ended December 2013 is 17,300 JPY per unit and 8,000 JPY for the period ending June 2014 after the 2-for-1 unit split. (Information as of December 19, 2013.)
| Unit Price | 621,000 JPY (+13,000 JPY) |
|---|---|
| Market Capitalization | 1,056,315.411 million JPY |
| Dividend Yield | 3.70% (-0.08) |
| Trading Volume | 8,999 units |
| Previous Period | Current Period | Next Period | |
|---|---|---|---|
| Beginning of Period | Jan. 1, 2023 | Jul. 1, 2023 | Jan. 1, 2024 |
| End of Period | Jun. 30, 2023 | Dec. 31, 2023 | Jun. 30, 2024 |
| Operating revenues | 47,030million JPY | 45,497million JPY | 46,826million JPY |
| Net income | 19,335million JPY | 17,452million JPY | 19,165million JPY |
| Dividend per unit | 11,500 JPY | 11,500 JPY | 11,500 JPY |
| Total Acquisition Price | 1,473 billion JPY |
|---|---|
| Number of Properties | 70 |
| Acquisition Price Ratio by Sector | Acquisition Price Ratio by Region |
|---|---|
| 1 | NIPPON REIT Investment Corporation | - |
|---|---|---|
| 2 | Japan Senior Living Investment Corporation | ↑ |
| 3 | Nippon Building Fund Inc. | ↑ |
| 4 | GLP J-REIT | - |
| 5 | Japan Hotel Reit Investment Corporation | - |
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