Growth Strategy Going Forward

Aiming to Achieve Stable Growth over the Long Term

For the 33rd fiscal period, JPR continued to generate good financial results thanks to a progress made in upward revision of rents upon tenant replacement and contract renewal, among other factors.
Distribution per unit came to 7,245 yen, a new record high since listing, marking the ninth straight fiscal period with a period-on-period increase.
For the 34th fiscal period ending December 2018 and thereafter, JPR expects distribution per unit to continue showing a period-on-period increase. Going forward, JPR will endeavor to achieve a steady growth in cash distributions through strategic leasing activities and good communications with existing tenants.

Growth in Distribution per Unit (DPU)


(Note)Distribution per unit as medium-term target is a management target set by TRIM, and there is no guarantee that the figure is achieved.

Factors That Shifted Distribution per Unit to an Upward Trend

Quality of the Portfolio
  • Portfolio centering on office properties in Tokyo, featuring both growth potential and stability
  • Quality of individual properties exerting competitiveness
Vigorously Selective Investment in Prime Properties
  • Vigorously selective investment that focuses on location and price
  • Dynamic investment utilizing acquisition capacity
  • Continuous endeavors to reinforce the pipelines
Leasing Focused on Rents
  • Strategic utilization of rent-free periods and value enhancement measures
  • Reinforcement of endeavors to raise new contract rents and upward revision of rents upon contract renewal
Strong Financial Base
  • Financial strategy based on lengthening of loan periods, diversifying repayment dates and borrowing funds at fixed interest rates
  • Appropriate control of debt costs

Click here for Growth of Portfolio