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J-REIT Market Reports

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.

Link to STBRI J-REIT Index

J-REIT related reports
2007/02/07 PDF Focus on J-REITs and Risk Management of J-REIT Investments (PDF:147KB)

This report is a slightly edited version of the report appearing in the November 2006 Issue of Regional Banking

2006/09/11 PDF Internal Growth of J-REITs (PDF:147KB)

This report is a partially revised version of the article appearing in the Real Estate Management Journal August 2006

2006/05/02 PDF J-REIT Market Review: Growth Process and Future Outlook (PDF:240KB)

2005/07/20 PDF Characteristics of J-REIT Assets (PDF:140KB)

Presentation material for "Nomura Real Estate Global Investment Conference 2005" ,Jun.23

Notes on usage

  • NAV and Implied Cap Rate of J-REITs presented on this website is the intellectual property of STB Research Institute, and all rights related to this information belong to STB Research Institute.
  • Before using the data or graphs on this website for purposes such as the provision of information or the composition of financial instruments, please direct any inquiries concerning consent procedures and other matters to the department in charge indicated below. When the data or graphs is used strictly for one's own research purposes, without indicating or providing such information to third parties, such inquiry is not necessary.
  • The intention of STB Research Institute is to provide the information only to users of this information. This information is not provided for purposes such as application for, inducement of, or intermediation in sales or other transactions involving products, services, or rights, including financial instruments.
  • Based on its own judgment, STB Research Institute may update, make additions to, revise or delete in whole or in part, or otherwise modify the content of this information without providing advance notice thereof to users of the information.
  • STB Research Institute may suspend or terminate the calculation or provision of NAV and Implied Cap Rate through this website, without providing advance notice thereof to users of this information, in cases such as the following: when the content of this information is updated, additions are made to it, or it is revised or deleted in whole or in part; when system maintenance or inspection is conducted; when equipment, cables, etc. are damaged or their service is suspended; or when such suspension or termination is unavoidable as a result of power outages, natural disasters, or other factors.
  • STB Research Institute shall not be responsible for any losses or damages incurred by users of this information for reasons such as the updating of, the making of additions to, or the revision or deletion in whole or in part of the content of this information, or the suspension or termination of the provision of this information.
  • Under no circumstances does STB Research Institute guarantee the accuracy of information on NAV and Implied Cap Rate presented on this website, and STB Research Institute shall not be liable for any errors in the figures used in the calculation of NAV and Implied Cap Rate.

Inquiries

⇒ Contact ( REIT Advisory Department )