銘柄情報

Japan Logistics Fund, Inc.

Japan's first logistics facility REIT sponsored by Mitsui & Co., Ltd., Sumitomo Mitsui Trust Bank, and Kenedix. In keeping with recent consumption trends, it invests in sophisticated logistics facilities capable of accommodating high-mix/low-volume logistics, and incorporates only those facilities that satisfy its strict standards for buildings. The investment areas are mainly in the Tokyo metropolitan area to cover the major consumer areas, with the remainder being dispersed in Chubu, Kinki, and Kita Kyushu.

  • Unit Price and Trading Volume 拡大

  • Unit Yield, Sector Average and Overall Average 拡大

2022/03/16Update

投資指標の計算式について

Investment amount per unit

Unitholders' capital / Number of investment units authorized

NAV per unit

((Unitholders' capital + Investment surplus) + (Portforio assets appraisal value - ortfolio assets book value) / Number of investment units authorized

P/NAV

Investment unit price / NAV per unit

FFO per unit

(Net income + depreciation + profit and loss on real estate) / Number of investment units authorized

P/FFO

Investment unit price / FFO per unit

NOI

Rental business income + depreciation

NOI yield

NOI / Portfolio assets book value

Implied cap rate

NOI / (Market capitalization + (Interest-bearing liabilities - cash on hand and in bank) + Security and guarantee deposits received

Market capitalization

Investment unit price * Number of investment units authorized

LTV

Interest-bearing liabilities / Total assets

DSCR

NOI / (Interest-bearing liabilities at end of previous period - Interest-bearing liabilities at end of current period + current interest expense)

EV / EBITDA

Market capitalization + (Interest-bearing liabilities - cash on hand and in bank) / NOI

Ratio of long-term fixed interest rate

Long-term fixed interest / Interest-bearing liabilities

Corporate Data

Investment Corporation Name Japan Logistics Fund, Inc.
Abbreviation JLF
Securities code 8967(JPX)
Listing date 2005/05/09
Time elapsed 17.15 year
Closing months January / July
URL http://8967.jp/
Unitholders' capital 135,658Million JPY
Number of investment units authorized 934,000Unit
Investment amount per unit 145,244JPY
Rating R&I:AA- / JCR:AA 
Type of assets under management Logistics Facirity REIT / Logistics Facirities:100%
Management target regions
Tokyo Metropolitan Area:85.8% Kinki Area, Chubu Area, and Kyushu Area:13.2% Other Areas:1.0%
Number of investment properties 50
Number of tenants 66
Total leasable floor space 1,300,760.62㎡

Investment Index Information

NAV per Unit 301,776JPY
Unit Price / NAV per Unit 1.04
FFO per Unit 6,715JPY
Unit Price / FFO per Unit 46.69
NOI Yield 4.56%
Implied Cap Rate 2.70%
Market capitalization 292,809Million JPY
Acquisition book value 271,631Million JPY
Term-end book value 244,174Million JPY
Appraisal value 383,180Million JPY
Interest-bearing liabilities 114,700Million JPY
LTV 44.06%
EV / EBITDA 35.37
Average maturity of borrowings 4.7year
Ratio of long-term fixed interest rate
Average occupancy rate 100%
Average age of buildings 14.87year

Investment Management Policies

  • Based on the new growth strategy of "Stable + Growth," it aims to achieve both stability and growth for the distribution per unit level.
  • Aims to increase the "asset value" of its portfolio through the acquisition of properties based on the careful selection of property quality, price, and acquisition timing, and the acquisition of its own original "OBR (Own Book Redevelopment)" strategy, leveraging the property expertise it has developed in logistics REIT for the first time in Japan.

Other Related Corporations

Asset Manager Mitsui & Co., Logistics Partners Ltd.
Update 2022/03/16 Capital 150Million JPY
Major Shareholders 70% MITSUI & CO., LTD. Other Shareholders
20% Sumitomo Mitsui Trust Bank, Limited
10% Kenedix, Inc.

Account Settlement InformationFY2022-1(Million JPY)

31th 32th 33th
(most recent)
34th forecast 35th forcast
Revised Date Revised Date
Operating revenue 9,120 9,154 9,269 9,572 10,055
Operating income 4,514 4,302 4,820 5,060 5,286
Ordinary income 4,120 3,914 4,410 4,596 4,848
Net income 4,120 3,913 4,408 4,595 4,847
Short-term borrowings 18,000 18,500 19,000
Long-term borrowings 85,000 82,500 82,000
Investment corporation bonds 11,700 13,700 13,700
Total assets 259,848 259,430 260,342
Net assets 134,810 134,392 134,522
Distribution per unit 4,800
JPY/per Unit
4,800
JPY/per Unit
4,871
JPY/per Unit
4,920
JPY/per Unit
5,190
JPY/per Unit

Other Affiliated Companies

Asset custodian Sumitomo Mitsui Trust Bank, Limited Accounting auditor Ernst & Young ShinNihon LLC
Accounting services Sumitomo Mitsui Trust Bank, Limited Unitholders registry administrator Sumitomo Mitsui Trust Bank, Limited
Tax administration services Sumitomo Mitsui Trust Bank, Limited Investment corporation bond administrator Sumitomo Mitsui Trust Bank, Limited DBJ Securities Co., Ltd
PAGE TOP
* This site has been created merely to provide information to investors, and not to solicit any person to make an investment with us.
* This site has been created using information that we have judged to be reliable, but we shall not guarantee its accuracy and/or integrity.
Note also that the information contained on this site is subject to change or deletion without prior notice.
* Numeric values, graphs, and other information contained on this site are based on past performance and situations, and do not constitute a suggestion or guarantee of any future market environments, investment performance, or so on.
We do not take fees, taxes, or other charges into consideration, and do not indicate any substantial investment performance.
* We shall not accept any responsibility for any damages, whether they be direct or indirect, that may be incurred as a result of the information contained on this site.
* Copyrights and other intellectual property rights to the information contained on this site shall, in principle, belong to us. No information contained on this site may be transferred or reproduced in any way without our consent.