Growth Strategy Going Forward
Aiming to Achieve Stable Growth over the medium to long term
The office property leasing market had remained on a somewhat stagnant note since 2020 under the impact of the novel coronavirus (COVID-19) infection. However, since October 2021 when the declaration of a state of emergency state was lifted, the number of inquiries for new leasing cases has been increasing. This, together with the normalization of decision-making by companies, allows us to feel that economic activities are recovering.
Under such circumstances, JPR conducted strategic asset replacement in the 40th fiscal period and, by distributing part of the gain on sale of properties to unitholders, secured distribution per unit of 7,550 yen as forecasted without conducting reversal of internal reserves that it initially planned to do.
Going forward, while continuously paying close attention to the impact of COVID-19, we will flexibly respond to changes in social conditions and endeavor achieving appropriate asset management to grasp new opportunities for growth.
Change in Distribution per Unit and Medium-term Target
(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 of stable growth
Quality of the Portfolio |
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Vigorously Selective Investment in Prime Properties |
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Leasing Focused on Rents |
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Strong Financial Base |
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