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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.
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Unit Price and Trading Volume
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Unit Yield, Sector Average and Overall Average
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 |
