This page contains the latest data on listed J-REITs.

J-REIT Data

8963 Invincible Investment Corporation

A diversified J-REIT focused on residential properties. Acquired LCP Investment Corporation in a merger by absorption and changed its name in February 2010, followed by a 5-for-1 unit split. In July 2011, it carried out a capital increase via a third-party allotment to its new sponsor and extended its debt maturities at the same time. However, a significant rise in interest rates has increased its financing costs. In September 2012, it acquired 24 properties for 14,000 million JPY, but was still able to maintain its dividend through a large reversal of profits from the merger. The third-party allotment carried out in December 2012 was intended to cut financing costs. As a result, the forecast dividend for the period ending December 2014 is 200 JPY per unit and that for the period ending June 2014 is 464 JPY. (Information as of December 19, 2013.)

Unit DataAs of Feb. 15, 2019
Unit Price46,600 JPY (-200 JPY)
Market Capitalization264,074.744 million JPY
Dividend Yield6.99% (+0.03)
Trading Volume24,132 units
(Parentheses indicates daily change)
Earnings ForecastAs of Dec. 18, 2018
Previous Period Current Period Next Period
Beginning of Period Jul. 1, 2018 Jan. 1, 2019 Jul. 1, 2019
End of Period Dec. 31, 2018 Jun. 30, 2019 Dec. 31, 2019
Operating revenues 14,361million JPY 14,923million JPY 15,596million JPY
Net income 8,177million JPY 8,889million JPY 9,421million JPY
Dividend per unit 1,683 JPY 1,582 JPY 1,676 JPY

Unit Price / Yield / Trading VolumeAs of Feb. 15, 2019
Composition of Acquired PropertiesAs of Jan. 31, 2019
Total Acquisition Price 448 billion JPY
Number of Properties 129
Acquisition Price Ratio by Sector Acquisition Price Ratio by Region
Disclosure
Feb. 15, 2019    
Notice concerning Change of Tenant and Operator (70KB)
Jan. 24, 2019    
Performance Update for December 2018 (157KB)
Jan. 18, 2019    
Notice concerning Debt Financing (Refinance) (206KB)
Jan. 18, 2019    
Notice concerning Execution of Interest Rate Swap Agreement (57KB)

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