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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 | 71,900 JPY (+1,900 JPY) |
|---|---|
| Market Capitalization | 255,964 million JPY |
| Dividend Yield | 4.43% (-0.12) |
| Trading Volume | 13,955 units |
| Previous Period | Current Period | Next Period | |
|---|---|---|---|
| Beginning of Period | Oct. 1, 2022 | Mar. 1, 2023 | Sep. 1, 2023 |
| End of Period | Feb. 28, 2023 | Aug. 31, 2023 | Feb. 29, 2024 |
| Operating revenues | 7,258million JPY | 11,609million JPY | 11,652million JPY |
| Net income | 3,614million JPY | 5,637million JPY | 6,032million JPY |
| Dividend per unit | 2,545 JPY | 1,584 JPY | 1,600 JPY |
| Total Acquisition Price | 471 billion JPY |
|---|---|
| Number of Properties | 22 |
| 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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