Here, we introduce the Net Asset Value (NAV) and Implied Cap Rate calculated by STB Research Institute. These indices may be used as benchmarks for investment in J-REITs. These graphs are updated each month after a three month delay. This section also includes links to our reports on J-REITs.
[ released August 16, 2010 ]
NAV represents the adjusted net asset value of a J-REIT reflecting the market value of properties held by the J-REIT, that is, the balance between the properties value and debts.
The Graph below shows the fluctuation of the premium of unit price to the NAV for all the J-REITs listed on Tokyo Stock Exchange since September 2002.
NAV |
Notes on usage
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