Asset Manager
REIT Sponsor

Ichigo Office REIT

8975

Specialized Office REIT Focused on Mid-Size Offices with Return Stability and Upside Potential

Ichigo Office REIT (8975) is a specialized office REIT that focuses on mid-size offices, an asset class that offers both return stability and upside potential. Ichigo Office REIT seeks to drive higher earnings and sustainable growth for its shareholders by increasing the value of its assets through a broad array of value-add activities, including tailored tenant services, structural building improvements, and targeted tenant leasing.

Ichigo Office REIT is managed by Ichigo Investment Advisors of the Ichigo Group, a major Japanese real estate owner/operator. Ichigo Investment Advisors works to grow value on behalf of its shareholders by deploying its deep experience and know-how in developing, operating, and managing Japanese real estate.

The mid-size offices we invest in produce stable cashflows, supporting stable dividends for shareholders. Also, this economically-sensitive asset class provides upside for shareholders via the possibility of higher rent income should the Japanese economy emerge from its multiple decades of deflation.

Furthermore, because the market for mid-size offices in Japan is relatively inefficient and has less participation by other major real estate companies, who tend to focus on larger assets, there is a significant opportunity to add value and increase the profitability of the assets we acquire.
Dividends
April 2016 Period (Actual)
1,740 yen
October 2016 Period (Forecast)
1,890 yen
April 2017 Period (Forecast)
1,910 yen
3-Year Dividend Growth Rate
+ 16.5%
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Portfolio Data
(as of October 31, 2016)
Number of Assets
85
Total Acquisition Price
191.0 billion yen
 
Portfolio Occupancy (Flash Data
as of the end of November 2016)
98.1 %
Financial Data
Financial Report (263KB)
Corporate Presentation (1.76MB)