- HOME>
- List of Company>
- Company Data
Nippon Building Fund Inc.
Office building REIT sponsored by Mitsui Fudosan. Was Japan's first REIT to be listed, and has the largest market capitalization of any J-REIT for its investment units. With the cooperation of the sponsor, Mitsui Fudosan, it owns properties, mainly large-scale buildings in central Tokyo, and pursues a policy of diversified investment in Greater Tokyo and other cities.
-
Unit Price and Trading Volume
-
Unit Yield, Sector Average and Overall Average
Corporate Data
| Investment Corporation Name | Nippon Building Fund Inc. |
|---|---|
| Abbreviation | NBF |
| Securities code | 8951（JPX） |
| Listing date | 2001/09/10 |
| Time elapsed | 20.81 year |
| Closing months | June / December |
| ＵＲＬ | http://www.nbf-m.com/nbf/ |
| Unitholders' capital | 673,047Million JPY |
| Number of investment units authorized | 1,700,991Unit |
| Investment amount per unit | 395,679JPY |
| Rating | S&P:A+ / R&I:AA / JCR:AA+ |
| Type of assets under management | Office Building REIT / OfficeBuildings：100％ |
| Management target regions | Tokyo CBD's ：81.7％ / Other Greater Tokyo：6.0％ / Other Cities：12.3％ |
| Number of investment properties | 73 |
| Number of tenants | 1567 |
| Total leasable floor space | 1,154,248,000.00㎡ |
Investment Index Information
| NAV per Unit | 598,307JPY |
|---|---|
| Unit Price / NAV per Unit | 1.13 |
| FFO per Unit | 20,666JPY |
| Unit Price / FFO per Unit | 32.71 |
| NOI Yield | 4.06％ |
| Implied Cap Rate | 2.83％ |
| Market capitalization | 1,149,870Million JPY |
| Acquisition book value | 1,382,200Million JPY |
| Term-end book value | 1,273,839Million JPY |
| Appraisal value | 1,588,260Million JPY |
| Interest-bearing liabilities | 550,500Million JPY |
| LTV | 42.12％ |
| EV / EBITDA | 32.35 |
| Average maturity of borrowings | 5.76year |
| Ratio of long-term fixed interest rate | |
| Average occupancy rate | 96.4％ |
| Average age of buildings | 23.09year |
Investment Management Policies
- Invests mainly in office buildings in the Tokyo urban area.
- Aims for the improvement of unitholder value ("stable growth in the medium and long term of distribution per unit" and "increase of net asset value per unit").
Other Related Corporations
| Asset Manager | Nippon Building Fund Management Ltd. | |||
|---|---|---|---|---|
| Update | 2022/02/15 | Capital | 495Million JPY | |
| Major Shareholders | 46％ | Mitsui Fudosan Co., Ltd. | Other Shareholders | |
| 35％ | Sumitomo Life Insurance Company | |||
| 5％ | Sumitomo Mitsui Trust Bank, Limited | |||
| 5％ | Sumitomo Mitsui Banking Corporation | |||
| 3％ | Daido Life Insurance Company | |||
| 3％ | Mitsui Sumitomo Insurance Company, Limited | |||
| 3％ | The Britel Fund Trustees Limited. | |||
Account Settlement InformationFY2021-12(Million JPY)
| 39th | 40th |
41th （most recent） |
42th forecast | 43th forcast | |
| Revised Date |
Revised Date |
||||
| Operating revenue | 41,747 | 46,213 | 50,334 | 52,022 | 47,309 |
| Operating income | 18,712 | 22,778 | 23,004 | 25,988 | 22,021 |
| Ordinary income | 17,274 | 21,428 | 21,728 | 24,543 | 20,662 |
| Net income | 17,273 | 21,427 | 21,727 | 24,543 | 20,662 |
| Short-term borrowings | 45,000 | 25,000 | 41,000 | ||
| Long-term borrowings | 362,500 | 46,500 | 452,500 | ||
| Investment corporation bonds | 52,000 | 57,000 | 57,000 | ||
| Total assets | 1,197,435 | 1,305,388 | 1,306,855 | ||
| Net assets | 666,620 | 669,870 | 672,290 | ||
| Distribution per unit | 11,000 JPY/per Unit |
11,684 JPY/per Unit |
11,848 JPY/per Unit |
13,000 JPY/per Unit |
11,500 JPY/per Unit |
Other Affiliated Companies
| Asset custodian | Sumitomo Mitsui Trust Bank, Limited | Accounting auditor | KPMG AZSA LLC |
|---|---|---|---|
| Accounting services | Heiseikaikeisha(“HSK”) Tax Corporation | Unitholders registry administrator | Sumitomo Mitsui Trust Bank, Limited |
| Tax administration services | PwC Tax Japan | Investment corporation bond administrator | Sumitomo Mitsui Trust Bank, Limited/Sumitomo Mitsui Banking Corporation |
