Today I will talk about Takara Leben Real Estate Investment Corporation, a comprehensive REIT with 37 medium-sized office buildings as its main properties all over Japan.
※The above images are from Takara Leben Real Estate Investment Corporation’s website
3492 Takara Leben Real Estate Investment Corporation
Takara Leben Real Estate Investment Corporation was listed in July 2018, with Takara Leben, a comprehensive real estate developer, as its main sponsor, and 4 other companies, including Yamada Denki, a consumer electronics mass merchandiser.
Most of their own properties are relatively compact offices and residences, but it seems that they plan to expand to large-scale types in the future.
Number of owned properties: 37←Click here
(Offices 18, Housing 9, Hotels 4, Commercial facilities 6)
￥89,600（10/5 last closing price) The latest price← click here
The final month of the settlement : February / August
Yield 6.70 % NAV 0.80 LTV 45.9%
The increase in distribution in August 2019 seems to be due to the gain from selling its owned properties.
The occupancy rate is relatively stable, and it doesn't seem to have changed much.
Transition of distribution
|
|
distribution |
|
2021.2 |
3,000 |
|
2020.8 |
3,000 |
|
2020.2 |
3,693 |
|
2019.8 |
4,693 |
|
2019.2 |
3,398 |
|
2018.8 |
98 |
|
2018.2 |
- |
|
2017.8 |
- |
*The figures for 2020.8 and 2021.2 are estimated values
Note: You should be responsible for your own investment. Please make your own final judgment.