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A diversified J-REIT focused on offices. For its flagship properties, which account for a little less than 40% of its portfolio, concluded a fixed lease agreement with its sponsor to avoid fluctuations in earnings. Currently, certain properties are affected by the termination of master lease agreements and the departure of a major tenant, but it has continued to maintain a high dividend among office-focused J-REITs. Occasionally it purchases a property first and then later increases its capital to correct high debt levels incurred after the property acquisition. The forecast dividend for the period ending March 2014 is 17,200 JPY per unit, and that for the period ending September 2014 is 17,400 JPY; internal reserves will be used in both dividends. (Information as of December 19, 2013.)
| Unit Price | 149,000 JPY (+1,300 JPY) |
|---|---|
| Market Capitalization | 196,680 million JPY |
| Dividend Yield | 4.02% (-0.04) |
| Trading Volume | 1,380 units |
| Previous Period | Current Period | Next Period | |
|---|---|---|---|
| Beginning of Period | Apr. 1, 2022 | Oct. 1, 2022 | Mar. 1, 2023 |
| End of Period | Sep. 30, 2022 | Feb. 28, 2023 | Aug. 31, 2023 |
| Operating revenues | 6,902million JPY | 7,168million JPY | 11,338million JPY |
| Net income | 3,331million JPY | 3,450million JPY | 5,409million JPY |
| Dividend per unit | 3,000 JPY | 2,462 JPY | 1,519 JPY |
| Total Acquisition Price | 325 billion JPY |
|---|---|
| Number of Properties | 16 |
| 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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