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 Aug. 20, 2019
Unit Price61,200 JPY (+700 JPY)
Market Capitalization373,126.608 million JPY
Dividend Yield5.64% (-0.07)
Trading Volume24,301 units
(Parentheses indicates daily change)
Earnings ForecastAs of Jul. 1, 2019
Previous Period Current Period Next Period
Beginning of Period Jan. 1, 2019 Jul. 1, 2019 Jan. 1, 2020
End of Period Jun. 30, 2019 Dec. 31, 2019 Jun. 30, 2020
Operating revenues 27,341million JPY 18,043million JPY
Net income 21,281million JPY 10,700million JPY
Dividend per unit 1,656 JPY 1,725 JPY

Unit Price / Yield / Trading VolumeAs of Aug. 20, 2019
Composition of Acquired PropertiesAs of Jul. 31, 2019
Total Acquisition Price 501 billion JPY
Number of Properties 147
Acquisition Price Ratio by Sector Acquisition Price Ratio by Region
Disclosure
Aug. 9, 2019    
Notice concerning Determination of the Number of New Investment Units to be issued through the Third-party Allotment (130KB)
Jul. 25, 2019    
Notice concerning Filing of Shelf Registration Statement of Investment Corporation Bonds (49KB)
Jul. 25, 2019    
Performance Update for June 2019 (215KB)
Jul. 18, 2019    
Notice concerning Debt Financing (Refinance) (287KB)
Jul. 17, 2019    
(Correction) Notice concerning Execution of Interest Rate Swap Agreements (77KB)
Jul. 17, 2019    
Notice concerning Execution of Interest Rate Swap Agreements (168KB)
Jul. 11, 2019    
Notice concerning Debt Financing (Refinance) and Execution of Interest Rate Swap Agreement (350KB)
Jul. 10, 2019    
Notice concerning Determination of the Issue Value and Offer Price of Investment Units (109KB)
Jul. 1, 2019    
Notice concerning Issuance of New Investment Units and Secondary Distribution of Investment Units (85KB)
Jul. 1, 2019    
Notice concerning Revision of Forecast of Financial Results and Distribution for the 32nd Fiscal Period and the 33rd Fiscal Period (649KB)
Jul. 1, 2019    
Notice concerning Acquisition and Lease of Domestic Trust Beneficiary Interests (2,999KB)
Jul. 1, 2019    
Notice concerning Debt Financing (76KB)
Jun. 26, 2019    
Performance Update for May 2019 (160KB)
Jun. 26, 2019    
Notice concerning Debt Financing (Refinance) and Execution of Interest Rate Swap Agreement (318KB)
Jun. 13, 2019    
Notice concerning Debt Financing (Refinance) and Execution of Interest Rate Swap Agreement (317KB)
May 31, 2019    
Notice concerning Prepayment of Loan (133KB)
May 28, 2019    
Notice concerning Sale of Domestic Trust Beneficiary Interest (177KB)
May 28, 2019    
Notice concerning Revision of Forecast of Financial Results and Distribution for the 32nd Fiscal Period Ending June 2019 (185KB)
May 27, 2019    
Performance Update for April 2019 (186KB)
May 17, 2019    
Notice concerning Sale of Domestic Trust Beneficiary Interest (167KB)
May 17, 2019    
Notice concerning Revision of Forecast of Financial Results for the 32nd Fiscal Period Ending June 2019 (183KB)
May 9, 2019    
Notice concerning Change of Investment Structure regarding Overseas Assets (186KB)
Apr. 26, 2019    
Performance Update for March 2019 (186KB)
Apr. 25, 2019    
Notice concerning Change of Accounting Administrator (49KB)
Mar. 27, 2019    
Notice concerning Debt Financing (Refinance) (272KB)
Mar. 27, 2019    
Notice concerning Execution of Interest Rate Swap Agreements (72KB)
Mar. 25, 2019    
Performance Update for February 2019 (232KB)
Mar. 19, 2019    
Update Regarding Ownership Structure of Cayman Hotel Assets (92KB)
Mar. 15, 2019    
Notice concerning Waiver of Preferential Negotiation Right to Acquire a Property (63KB)
Mar. 4, 2019    
Notice concerning Execution of Put/Call Options (53KB)
Feb. 26, 2019    
Notice concerning Waiver of Preferential Negotiation Right to Acquire a Property (62KB)
Feb. 22, 2019    
Notice concerning Impact of the Hokkaido Earthquake (45KB)
Feb. 21, 2019    
Performance Update for January 2019 (223KB)
Feb. 21, 2019    
December 2018 Fiscal Period Results (July 1, 2018 to December 31, 2018) (2,789KB)
Feb. 21, 2019    
Financial Summary for the December 2018 Fiscal Period (from July 1, 2018 to December 31, 2018) (499KB)
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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