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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 | 198,000 JPY (+1,100 JPY) |
|---|---|
| Market Capitalization | 261,360 million JPY |
| Dividend Yield | 3.71% (-0.02) |
| Trading Volume | 6,727 units |
| Previous Period | Current Period | Next Period | |
|---|---|---|---|
| Beginning of Period | Oct. 1, 2018 | Apr. 1, 2019 | Oct. 1, 2019 |
| End of Period | Mar. 31, 2019 | Sep. 30, 2019 | Mar. 31, 2020 |
| Operating revenues | 8,772million JPY | 8,830million JPY | 8,854million JPY |
| Net income | 4,839million JPY | 4,831million JPY | 4,853million JPY |
| Dividend per unit | 3,666 JPY | 3,660 JPY | 3,676 JPY |
| Total Acquisition Price | 324 billion JPY |
|---|---|
| Number of Properties | 15 |
| 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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