銘柄情報

Tokaido REIT,Inc.

  • Unit Price and Trading Volume 拡大

  • Unit Yield, Sector Average and Overall Average 拡大

2022/03/18Update

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 Tokaido REIT,Inc.
Abbreviation
Securities code 2989()
Listing date 2021/06/22
Time elapsed 1.13 year
Closing months January / July
URL https://www.tokaido-reit.co.jp/
Unitholders' capital 17Million JPY
Number of investment units authorized 176,800Unit
Investment amount per unit 96JPY
Rating
Type of assets under management Logistics assets 20.1\% Industrial or business assets 12.7\% Leasehold land asset 1.9\% Residential assets 26.6\% Leasehold land assets 38.6\%
Management target regions
Shizuoka Prefecture 56.9% Aichi Prefecture 17.7% Mie Prefecture 25.4%
Number of investment properties 9
Number of tenants
Total leasable floor space 222,386.03㎡

Investment Index Information

NAV per Unit 13,950JPY
Unit Price / NAV per Unit 8.86
FFO per Unit 3,336JPY
Unit Price / FFO per Unit 37.05
NOI Yield 4.74%
Implied Cap Rate 4.00%
Market capitalization 21,852Million JPY
Acquisition book value 30,930Million JPY
Term-end book value 31,662Million JPY
Appraisal value 33,679Million JPY
Interest-bearing liabilities 15,950Million JPY
LTV 46.29%
EV / EBITDA 23.86
Average maturity of borrowings 2.68year
Ratio of long-term fixed interest rate
Average occupancy rate 99.6%
Average age of buildings 18.82year

Investment Management Policies

    Other Related Corporations

    Asset Manager
    Update 2022/03/18 Capital 100Million JPY
    Major Shareholders 55% Other Shareholders
    10%
    5%
    5%
    5%
    5%
    5%
    5%
    5%

    Account Settlement InformationFY2022-1(Million JPY)

    1th
    (most recent)
    2th forecast 3th forcast
    Revised Date Revised Date
    Operating revenue 1,343 1,120 1,120
    Operating income 819 642 633
    Ordinary income 434 566 569
    Net income 432 565 568
    Short-term borrowings 2,950
    Long-term borrowings 13,000
    Investment corporation bonds
    Total assets 34,456
    Net assets 17,461
    Distribution per unit 2,446
    JPY/per Unit
    3,200
    JPY/per Unit
    3,217
    JPY/per Unit

    Other Affiliated Companies

    Asset custodian Accounting auditor
    Accounting services Unitholders registry administrator
    Tax administration services Investment corporation bond administrator
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